This comprehensive study of money, banking, and financial markets in China examines the impact of the profound institutional changes of the 1980s and the early 1990s. Gang Yis in-depth analyses of virtually every important aspect of the financial sector highlight the fundamental transformation of the role of moneyfrom a passive to increasingly dynamic factor in Chinas economic growth. The book incorporates the most recent financial data available from the PRC and makes extensive use of case studies and illustrative examples. The data set is reproduced in its entirety in an appendix. This book offers the first comprehensive study of the money, banking, and financial markets in China since the establishment of the central bank system in 1984. The author analyzes the impact of the profound institutional changes of the 1980s and the early 1990s and highlights the fundamental transformation of the role of moneyfrom a passive accounting tool in the centrally planned system to an active and intrinsically important factor in the growth of the present economy.The theoretical and empirical analyses are based on the newly established financial system and the most recent data available.
The transitive nature of the financial sector during economic reform is especially emphasized. The authors central arguments are supported by in-depth analyses of virtually every important aspect of the financial sector, including the function of the central bank and its relationship with specialized banks and other financial institutions, money supply and demand, monetization, price reforms and inflation, nonbank financial institutions, and new developments in the financial security markets. Extensive use is made of case studies and illustrative examples. A complete set of data from all empirical studies is provided to allow readers to examine the models and confirm the econometric results.
- ISBN10 0813384419
- ISBN13 9780813384412
- Publish Date 15 September 1994
- Publish Status Out of Stock
- Out of Print 11 October 2009
- Publish Country US
- Publisher Taylor & Francis Inc
- Imprint Westview Press Inc
- Format Hardcover
- Pages 312
- Language English