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Record Nr. |
UNINA9910813700803321 |
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Autore |
Das Udaibir |
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Titolo |
China's Road to Greater Financial Stability : : Some Policy Perspectives / / Udaibir Das, Jonathan Fiechter, Tao Sun |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2013 |
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ISBN |
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1-4755-2373-4 |
1-4843-1534-0 |
1-4755-3321-7 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (245 p.) |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Banks and banking - China - 21st century |
Economic development - China - 21st century |
Economic stabilization - China - 21st century |
Finance - China - 21st century |
Macroeconomics |
Accounting |
Banks and Banking |
Exports and Imports |
Finance: General |
Money and Monetary Policy |
Industries: Financial Services |
Financial Risk Management |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
General Financial Markets: General (includes Measurement and Data) |
General Financial Markets: Government Policy and Regulation |
Portfolio Choice |
Investment Decisions |
Public Administration |
Public Sector Accounting and Audits |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
International Investment |
Long-term Capital Movements |
Banking |
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Finance |
International economics |
Monetary economics |
Financial reporting, financial statements |
Economic & financial crises & disasters |
Commercial banks |
Liquidity |
Financial sector stability |
Capital flows |
Financial institutions |
Financial sector policy and analysis |
Asset and liability management |
Capital markets |
Financial markets |
Credit |
Money |
Balance of payments |
Banks and banking |
Financial services industry |
Economics |
Capital market |
Capital movements |
China Economic policy 2000- |
China, People's Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di contenuto |
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Cover; Contents; Acknowledgments; Foreword; Introduction; Overview: China's Road to Greater Financial Stability; PART I: REFORMING THE FINANCIAL SYSTEM AND ENSURING FINANCIAL STABILITY; 1 Reform and Development of China's Financial Sector; Figures; Figure 1.1 Total Assets of Large Commercial Banks; Figure 1.2 Nonperforming Loan Ratios of Large Commercial Banks; Figure 1.3 Total Assets of Rural Credit Cooperatives; Figure 1.4 Owners' Equity of Rural Credit Cooperatives; Figure 1.5 Capital Adequacy Ratio of Rural Credit Cooperatives |
Figure 1.6 Nonperforming Loan Ratios of Rural Credit Cooperatives Figure 1.7 Total Assets in the Financial Sector; Figure 1.8 Outstanding Bond Balances and Their Ratios to GDP; Figure 1.9 Bond Issuance; Figure 1.10 U.S. Dollar to Renminbi Exchange Rate; Figure 1.11 Daily Fluctuation Range of the Renminbi to U.S. Dollar Exchange Rate; 2 Financial Reform: An Essential Ingredient in Transforming China's Economic Development Model; Figure 2.1 Saving Decomposition; Figure 2.2 Sterilization by the People's Bank of China; Figure 2.3 House hold Consumption |
Figure 2.4 Average Employment Growth, 2004-10 Figure 2.5 Imputed "Subsidy" to Capital; Figure 2.6 Social Financing; Figure 2.7 Private |
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Credit; Figure 2.8 Real Interest Rates; Figure 2.9 Distribution of the Returns to Bank-Intermediated Capital; Figure 2.10 Real Cost of Capital, 2005-09; Figure 2.11 Exchange Rate and Foreign Reserves; Figure 2.12 Short-Term Interest Rates; Figure 2.13 Inflation and the Deposit Rate; 3 Strengthening the Financial Stability Framework in China; PART II: MACROECONOMIC FACTORS AFFECTING FINANCIAL STABILITY |
4 China's Sovereign Balance Sheet Risks and Implications for Financial Stability Figure 4.1 Size and Composition of China's Sovereign Assets; TABLES; TABLE 4.1 Sovereign Balance Sheet of China, 2010; Figure 4.2 Size and Composition of China's Sovereign Liabilities; Figure 4.3 China's Sovereign Assets, Liabilities, and Net Worth; Figure 4.4 China: Bonds and Loans; Figure 4.5 China: Debt Level by Sector; TABLE 4.2 International Comparison of China's Debt Structure and Overall Leverage Ratio; 5 Systemic Liquidity, Monetary Operations, and Financial Stability in China |
TABLE 5.1.1 Stylized People's Bank of China Balance Sheet Boxes; Box 5.1 What Is Liquidity?; Figure 5.1 China: Benchmark Deposit Rate Structure; Figure 5.2 China: Benchmark Lending Rate Structure; Figure 5.3 China: Structural Liquidity and Foreign Reserves; Figure 5.4 Structural Liquidity and the People's Bank of China Sterilization Policy; Figure 5.5 Composition of Policy Sterilization; Figure 5.6 China: Interest Rate Structure; Figure 5.7 China: Interbank Funding; Figure 5.8 China: Estimated Excess Reserve Ratios; TABLE 5.1 China: Aggregated Bank Balance Sheet; Figure 5.9 China: Bank Reserves |
Figure 5.10 China: Responses to an Increase in the Total Excess Reserves Ratio |
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Sommario/riassunto |
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China has reached a stage where further financial sector reforms appear essential. As the reform process progresses and macrofinancial linkages deepen, the preservation of financial stability will become a major policy preoccupation. This publication draws upon contributions from senior Chinese authorities and academics as well as staff from the IMF to discuss the financial policy context within China, macroeconomic factors affecting financial stability, and the critical role of financial system oversight. It seeks to improve the understanding of the financial sector policy processes underway and the shifts taking place among China’s economic priorities. |
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