LEADER 04720nam 2200673Ia 450 001 9910463060903321 005 20200520144314.0 010 $a0-262-30494-5 010 $a1-283-95319-6 010 $a0-262-30586-0 035 $a(CKB)2670000000281479 035 $a(EBL)3339547 035 $a(SSID)ssj0000783243 035 $a(PQKBManifestationID)11430623 035 $a(PQKBTitleCode)TC0000783243 035 $a(PQKBWorkID)10752781 035 $a(PQKB)11108312 035 $a(MiAaPQ)EBC3339547 035 $a(OCoLC)889234934$z(OCoLC)820123219$z(OCoLC)824729269$z(OCoLC)961573300$z(OCoLC)962711575$z(OCoLC)988460965$z(OCoLC)991967441$z(OCoLC)1037912589$z(OCoLC)1038682092$z(OCoLC)1045483311$z(OCoLC)1055378779$z(OCoLC)1058139819$z(OCoLC)1058400506$z(OCoLC)1066573274$z(OCoLC)1081224471 035 $a(OCoLC-P)889234934 035 $a(MaCbMITP)9388 035 $a(Au-PeEL)EBL3339547 035 $a(CaPaEBR)ebr10629479 035 $a(CaONFJC)MIL426569 035 $a(OCoLC)889234934 035 $a(EXLCZ)992670000000281479 100 $a20120329d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 04$aThe evolving role of China in the global economy$b[electronic resource] /$fedited by Yin-Wong Cheung and Jakob de Haan 210 $aCambridge, Mass. $cMIT Press$dc2013 215 $a1 online resource (473 p.) 225 0$aCESifo seminar series 300 $aTitle from title screen. 311 $a0-262-01823-3 320 $aIncludes bibliographical references and index. 327 $aCESifo Seminar Series; Contents; Contributors; Series Foreword; Preface; 1 Introduction; I China's Exchange Rate Policy; 2 United States, China, and the Rebalancing Debate: Misalignment, Elasticities, and the Saving-Investment Balance; 3 The Role of the Chinese Dollar Peg for Macroeconomic Stability in China and the World Economy; 4 Permanent and Transitory Macroeconomic Relationships between China and the Developed World; 5 China's External Position: Simulations with a Global Macroeconomic Model; II Chinese Savings and Investment; 6 How Much Do We Know about China's High Saving Rate? 327 $a7 Why Is China's Saving Rate So High? A Comparative Study of Cross-Country Panel Data8 If You Try, You'll Get By: Chinese Private Firms' 'Efficiency Gains from Overcoming Financial Constraints; III China's Monetary Policy and Capital Controls; 9 Chinese Monetary Policy and the Dollar Peg; 10 Offshore Markets for the Domestic Currency: Monetary and Financial Stability Issues; 11 Crisis, Capital Controls, and Covered Interest Parity: Evidence from China in Transformation; IV China's FDI and Quest for Resources; 12 China's Outward Direct Investment and Its Oil Quest 327 $a13 China's Investments in AfricaIndex 330 $aExperts analyze four factors in China's economic growth: exchange rate policy, savings and investments, monetary policy, and foreign direct investments. China is now the world's second largest economy and may soon overtake the United States as the world's largest. Despite its adoption of some free-market principles, China considers itself a "socialist-market economy," suggesting that the government still plays a major role in the country's economic development. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI). Contributors offer fresh perspectives on the undervaluation of the renminbi, the dollar peg, and China's macroeconomic relationships with the rest of the world. They review factors shaping China's saving dynamics and analyze the growth of the private sector despite limited access to external finance. They examine the monetary policy independence of the People's Bank of China, offshore markets for China's currency, and the effectiveness of China's capital controls. Finally, they consider Chinese FDI in terms of China's growing demand for energy and raw materials, exploring the factors that drive China's FDI in the conventional oil-producing countries and in Africa. 410 0$aCESifo Seminar 606 $aFinance$zChina 607 $aChina$xEconomic policy 607 $aChina$xForeign economic relations 608 $aElectronic books. 615 0$aFinance 676 $a337.51 701 $aCheung$b Yin-Wong$0868933 701 $aHaan$b Jakob de$0254907 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463060903321 996 $aThe evolving role of China in the global economy$92457689 997 $aUNINA