LEADER 05657nam 22007451 450 001 9910453756203321 005 20200520144314.0 010 $a1-4755-2373-4 010 $a1-4843-1534-0 010 $a1-4755-3321-7 035 $a(CKB)2550000001138432 035 $a(EBL)1587765 035 $a(SSID)ssj0001154385 035 $a(PQKBManifestationID)11670059 035 $a(PQKBTitleCode)TC0001154385 035 $a(PQKBWorkID)11162138 035 $a(PQKB)11470144 035 $a(MiAaPQ)EBC1587765 035 $a(Au-PeEL)EBL1587765 035 $a(CaPaEBR)ebr10790025 035 $a(CaONFJC)MIL538133 035 $a(OCoLC)867927937 035 $a(EXLCZ)992550000001138432 100 $a20130710h20132013 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aChina's road to greater financial stability $esome policy perspectives /$feditors, Udaibir S. Das, Jonathan Fiechter, and Tao Sun 210 1$a[Washington, D.C.] :$cInternational Monetary Fund,$d[2013] 210 4$dİ2013 215 $a1 online resource (245 p.) 300 $aDescription based upon print version of record. 311 $a1-61635-406-2 311 $a1-306-06882-7 327 $aCover; 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 327 $aFigure 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 327 $aFigure 2.4 Average Employment Growth, 2004-10 Figure 2.5 Imputed "Subsidy" to Capital; Figure 2.6 Social Financing; Figure 2.7 Private 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 327 $a4 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 327 $aTABLE 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 327 $aFigure 5.10 China: Responses to an Increase in the Total Excess Reserves Ratio 330 $aChina 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. China is already working toward enhancing its surveillance and monitoring capabilities and is actively determining ways to undertake a series of reforms that would lay the foundation for a strong, sustained, and balanced growth. ""China's Road to Economic Stability"" focuses on the key financial policy issues facing China today. The volume draws upon contributions 606 $aBanks and banking$zChina$y21st century 606 $aEconomic development$zChina$y21st century 606 $aEconomic stabilization$zChina$y21st century 606 $aFinance$zChina$y21st century 606 $aMacroeconomics 607 $aChina$xEconomic policy$y2000- 608 $aElectronic books. 615 0$aBanks and banking 615 0$aEconomic development 615 0$aEconomic stabilization 615 0$aFinance 615 0$aMacroeconomics. 701 $aDas$b Udaibir S$0860107 701 $aFiechter$b Jonathan$0873552 701 $aSun$b Tao$f1970-$0873553 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910453756203321 996 $aChina's road to greater financial stability$91950166 997 $aUNINA