LEADER 05492nam 2200649 450 001 9910789065603321 005 20200520144314.0 010 $a0-231-51209-0 024 7 $a10.7312/calo14192 035 $a(CKB)3400000000021154 035 $a(EBL)1032584 035 $a(OCoLC)427864324 035 $a(SSID)ssj0000380079 035 $a(PQKBManifestationID)12135257 035 $a(PQKBTitleCode)TC0000380079 035 $a(PQKBWorkID)10372067 035 $a(PQKB)10467607 035 $a(MiAaPQ)EBC1032584 035 $a(DE-B1597)458711 035 $a(OCoLC)1002232687 035 $a(OCoLC)1004867982 035 $a(OCoLC)1011439356 035 $a(OCoLC)979909875 035 $a(OCoLC)987921681 035 $a(OCoLC)992525102 035 $a(OCoLC)999359472 035 $a(DE-B1597)9780231512091 035 $a(Au-PeEL)EBL1032584 035 $a(CaPaEBR)ebr11086508 035 $a(CaONFJC)MIL814406 035 $a(EXLCZ)993400000000021154 100 $a20150825h20072007 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aChina's financial transition at a crossroads /$fedited by Charles W. Calomiris 210 1$aNew York, [New York] :$cColumbia University Press,$d2007. 210 4$dİ2007 215 $a1 online resource (432 p.) 300 $a"Collection of papers presented at joint Columbia-Tsinghua University conferences in 2005 and 2006." 311 $a0-231-14192-0 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $tFrontmatter -- $tContents -- $tList of Acronyms -- $tAcknowledgments -- $tIntroduction / $rCalomiris, Charles W. -- $t1. China's Financial Markets: An Overview / $rBranstetter, Lee -- $t2. China's Banking Sector and Economic Growth / $rBrandt, Loren / Zhu, Xiaodong -- $t3. Understanding the Structure of Cross- Border Capital Flows: The Case of China / $rPrasad, Eswar / Wei, Shang-Jin -- $t4. Financial Openness and the Chinese Growth Experience / $rBekaert, Geert / Harvey, Campbell R. / Lundblad, Christian -- $t5. The Effects of Stock Market Listing on the Financial Per for mance of Chinese Firms / $rHu, Fred -- $t6. China's Exchange Rate Regime: The Long and Short of It / $rEichengreen, Barry -- $t7. China's Foreign Exchange Policy: What Will China Do? What Should China Do? / $rGarber, Peter / Hodrick, Robert J. / Makin, John H. / Malpass, David / Mishkin, Frederic S. / Prasad, Eswar -- $tAppendix 1 Regional Estimates of New Deposit and Loan Shares, and Nonperforming Loans / $rBrandt, Loren / Zhu, Xiaodong -- $tAppendix 2. Evolution of Capital Controls in China / $rPrasad, Eswar / Wei, Shang-Jin -- $tList of Contributors -- $tIndex 330 $aChina's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world?Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu. The book begins with an overview of the history of financial-sector development, regulation, and performance and then focuses on the banking sector, discussing the progress, challenges, and prospects of current sector reform. Subsequent chapters describe the role of foreign capital in China's development and analyze the changes in capital flows and controls over time; explore various explanations for China's composition of foreign-capital and foreign-exchange policies, particularly the factors shaping China's reliance on foreign direct investment; and provide an international, comparative perspective on the remarkable growth experience of China and the contribution of its institutional environment to that experience. Contributors dispute the belief that stock market listing has done little to reform state-owned enterprises and take a hard look at the exchange rate regime choice for China, considering the potential long-run desirability of flexibility and the appropriate sequencing of reforms in foreign-exchange policy, domestic banking reform, and capital-market openness. The book concludes with a roundtable discussion in which prominent economists, including Peter Garber, Robert Hodrick, John Makin, David Malpass, Frederic Mishkin, and Eswar Prasad, debate the pace of the appreciation of China's currency and the likely consequences of that policy within and outside of China. 606 $aFinance$zChina$vCongresses 615 0$aFinance 676 $a332.0951 702 $aCalomiris$b Charles W. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910789065603321 996 $aChina's financial transition at a crossroads$93822294 997 $aUNINA