Debt and Distortion
Risks and Reforms in the Chinese Financial System
(Sprache: Englisch)
China's unprecedented growth hastransformed the lives of its people and impacted economies across the globe. Thefinancial system supported this growth by providing cheap loans to boostinvestment and, in a virtuous cycle, rapid growth insured that these...
Leider schon ausverkauft
versandkostenfrei
Buch
59.99 €
Produktdetails
Produktinformationen zu „Debt and Distortion “
Klappentext zu „Debt and Distortion “
China's unprecedented growth hastransformed the lives of its people and impacted economies across the globe. Thefinancial system supported this growth by providing cheap loans to boostinvestment and, in a virtuous cycle, rapid growth insured that these loanscould be repaid. However, in recent years, this virtuous cycle has turnedvicious. The financial system has continued to lend freely and cheaply as theeconomy has slowed, and the risk of crisis has mounted. In response, thegovernment has initiated the most ambitious financial reforms in twenty years. Financialmarkets, businesses and governments are concerned about these risks and arestruggling to understand what the reforms will mean for China and the rest ofthe world.Debtand Distortion: Risks and Reforms in the Chinese Financial System addresses the need for an up-to-date and accessible, yetcomprehensive analysis of China's financial system and related reforms. It willtake a systematic look at China's financial system: how it worked in the pastand how it will work in the future; why reforms are needed; what risks theybring; and their impact on China and the rest of the world. By analyzing thetopic in terms of a few fundamental distortions, this book makes an otherwisecomplex topic accessible while simultaneously providing new insights. Thesedistortions provide a simple framework for understanding the nature of theChinese financial system and its future prospects. Reform in China will transform the world'ssecond largest economy and impact everything from Peruvian copper mines to theLondon housing market. Business people, government officials, financiers andinformed citizens would all benefit from understanding how changes in China'sfinancial system will shape the global economy in the coming decades.
Inhaltsverzeichnis zu „Debt and Distortion “
PART I. CURRENT ECONOMIC MODEL.-1. Growth model.- 2. Financial risks.-3. Financial repression.- 4. Government guarantees.- 5. International distortions.- 6. Overview.- PART II. DOMESTIC REFORMS.- 7. Banking. 8. Shadow banking.-9. Stock markets.- 10. Bond markets.- 11. Local government debt.- 12. Real estate market.- PART III. INTERNATIONAL REFORMS.- 13. Exchange rate liberalization.- 14. Renminbi internationalization.- 15. Capital account liberalization.- 16. Asian Infrastructure Investment Bank and the New Silk Road.- PART IV. POLITICS.- 17. Political conflicts over reforms.- 18. Strategies to overcome opposition to reform.- PART V. RISKS AND CONSEQUENCES.- 19. Domestic risks.- 20. International consequences of reform.- 21. The Future.-
Autoren-Porträt von Paul Armstrong-Taylor
Paul Armstrong-Taylor is Resident Professorof International Economics at John Hopkins School of Advanced InternationalStudies, Nanjing University, China, where he teaches classes on finance,strategy and the Chinese economy. Previously, he was Visiting Professor ofEconomics and Finance at the Antai School of Economics and Management, ShanghaiJiaotong University. His professional experienceincludes positions as a consultant at Monitor Group and London Economics, andas an investment banker at Morgan Stanley.Paul received his BA and MPhil in Economicsfrom Cambridge University, and his PhD in Economics from HarvardUniversity. His research interestsinclude the Chinese economy, game theory, business strategy and finance. He has published numerous articles on Chinaand the economy for academic and non-academic media, and has spoken at a numberof events, including The China Economics Forum and the Annual US-China BusinessCouncil Conference in Shanghai.
Bibliographische Angaben
- Autor: Paul Armstrong-Taylor
- 2016, 1st ed., 270 Seiten, Maße: 16,4 x 24,4 cm, Gebunden, Englisch
- Verlag: Macmillan Education
- ISBN-10: 1137534001
- ISBN-13: 9781137534002
- Erscheinungsdatum: 24.10.2016
Sprache:
Englisch
Kommentar zu "Debt and Distortion"
0 Gebrauchte Artikel zu „Debt and Distortion“
Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
---|
Schreiben Sie einen Kommentar zu "Debt and Distortion".
Kommentar verfassen