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Author : Chi Lo
Publisher : Springer
Page : 220 pages
File Size : 35,4 MB
Release : 2016-04-29
Category : Business & Economics
ISBN : 1137538791
This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.
Author : Chi Lo
Publisher : Palgrave Macmillan
Page : 202 pages
File Size : 11,79 MB
Release : 2014-01-14
Category : Business & Economics
ISBN : 9781349555970
This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.
Author : Benjamin Carton
Publisher :
Page : pages
File Size : 40,14 MB
Release : 2011
Category :
ISBN :
Author : Michael Pettis
Publisher : Brookings Institution Press
Page : 172 pages
File Size : 36,19 MB
Release : 2013-09-24
Category : Political Science
ISBN : 0870034081
The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.
Author : Dirk Schoenmaker
Publisher : Oxford University Press
Page : 238 pages
File Size : 48,81 MB
Release : 2013-03-05
Category : Business & Economics
ISBN : 0199971617
Global governance of international banks is breaking down after the Great Financial Crisis, as national regulators are withdrawing on their home turf. New evidence presented illustrates that the global systemically important banks underpin the global financial system. This book offers solutions for the effective governance of global banks.
Author : Yi Wen
Publisher : World Scientific
Page : 336 pages
File Size : 31,31 MB
Release : 2016-05-13
Category : Business & Economics
ISBN : 9814733741
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Author : Peter E. Hamilton
Publisher : Columbia University Press
Page : 295 pages
File Size : 39,49 MB
Release : 2021-01-05
Category : History
ISBN : 0231545703
Between 1949 and 1997, Hong Kong transformed from a struggling British colonial outpost into a global financial capital. Made in Hong Kong delivers a new narrative of this metamorphosis, revealing Hong Kong both as a critical engine in the expansion and remaking of postwar global capitalism and as the linchpin of Sino-U.S. trade since the 1970s. Peter E. Hamilton explores the role of an overlooked transnational Chinese elite who fled to Hong Kong amid war and revolution. Despite losing material possessions, these industrialists, bankers, academics, and other professionals retained crucial connections to the United States. They used these relationships to enmesh themselves and Hong Kong with the U.S. through commercial ties and higher education. By the 1960s, Hong Kong had become a manufacturing powerhouse supplying American consumers, and by the 1970s it was the world’s largest sender of foreign students to American colleges and universities. Hong Kong’s reorientation toward U.S. international leadership enabled its transplanted Chinese elites to benefit from expanding American influence in Asia and positioned them to act as shepherds to China’s reengagement with global capitalism. After China’s reforms accelerated under Deng Xiaoping, Hong Kong became a crucial node for China’s export-driven development, connecting Chinese labor with the U.S. market. Analyzing untapped archival sources from around the world, this book demonstrates why we cannot understand postwar globalization, China’s economic rise, or today’s Sino-U.S. trade relationship without centering Hong Kong.
Author : Masahiro Kawai
Publisher : Edward Elgar Publishing
Page : 321 pages
File Size : 17,6 MB
Release : 2012-01-01
Category : Business & Economics
ISBN : 0857933353
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.
Author : Thomas Orlik
Publisher : Oxford University Press, USA
Page : 241 pages
File Size : 10,28 MB
Release : 2020
Category : China
ISBN : 0190877405
A provocative perspective on the fragile fundamentals, and forces for resilience, in the Chinese economy, and a forecast for the future on alternate scenarios of collapse and ascendance.
Author : Stephen R. Platt
Publisher : Knopf
Page : 514 pages
File Size : 24,68 MB
Release : 2012
Category : Americans
ISBN : 0307271730
A gripping account of China's nineteenth-century Taiping Rebellion, one of the largest civil wars in history. Autumn in the Heavenly Kingdom brims with unforgettable characters and vivid re-creations of massive and often gruesome battles--a sweeping yet intimate portrait of the conflict that shaped the fate of modern China. The story begins in the early 1850s, the waning years of the Qing dynasty, when word spread of a major revolution brewing in the provinces, led by a failed civil servant who claimed to be the son of God and brother of Jesus. The Taiping rebels drew their power from the poor and the disenfranchised, unleashing the ethnic rage of millions of Chinese against their Manchu rulers. This homegrown movement seemed all but unstoppable until Britain and the United States stepped in and threw their support behind the Manchus: after years of massive carnage, all opposition to Qing rule was effectively snuffed out for generations. Stephen R. Platt recounts these events in spellbinding detail, building his story on two fascinating characters with opposing visions for China's future: the conservative Confucian scholar Zeng Guofan, an accidental general who emerged as the most influential military strategist in China's modern history; and Hong Rengan, a brilliant Taiping leader whose grand vision of building a modern, industrial, and pro-Western Chinese state ended in tragic failure. This is an essential and enthralling history of the rise and fall of the movement that, a century and a half ago, might have launched China on an entirely different path into the modern world.