The Chinese Macroeconomy and Financial System

The Chinese Macroeconomy and Financial System

Author: Ronald M Schramm

Publisher: Routledge

Published: 2015-04-24

Total Pages: 290

ISBN-13: 1317511921

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This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly "top down," this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the text is able to dig deeper into understanding the fundamental characteristics of the Chinese economy. The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy. eResources including chapter questions with solutions and lecture slides will be available on this webpage.


Book Synopsis The Chinese Macroeconomy and Financial System by : Ronald M Schramm

Download or read book The Chinese Macroeconomy and Financial System written by Ronald M Schramm and published by Routledge. This book was released on 2015-04-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly "top down," this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the text is able to dig deeper into understanding the fundamental characteristics of the Chinese economy. The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy. eResources including chapter questions with solutions and lecture slides will be available on this webpage.


The Chinese Macroeconomy and Financial System

The Chinese Macroeconomy and Financial System

Author: Ronald Michael Schramm

Publisher:

Published: 2015

Total Pages: 0

ISBN-13: 9780765643919

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This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly "top down," this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the text is able to dig deeper into understanding the fundamental characteristics of the Chinese economy. The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy. eResources including chapter questions with solutions and lecture slides will be available on this webpage.


Book Synopsis The Chinese Macroeconomy and Financial System by : Ronald Michael Schramm

Download or read book The Chinese Macroeconomy and Financial System written by Ronald Michael Schramm and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly "top down," this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the text is able to dig deeper into understanding the fundamental characteristics of the Chinese economy. The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy. eResources including chapter questions with solutions and lecture slides will be available on this webpage.


The Handbook of China's Financial System

The Handbook of China's Financial System

Author: Marlene Amstad

Publisher: Princeton University Press

Published: 2020-11-17

Total Pages: 504

ISBN-13: 0691205736

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"The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--


Book Synopsis The Handbook of China's Financial System by : Marlene Amstad

Download or read book The Handbook of China's Financial System written by Marlene Amstad and published by Princeton University Press. This book was released on 2020-11-17 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--


China Macro Finance: a US Perspective

China Macro Finance: a US Perspective

Author: Ronald M. Schramm

Publisher:

Published: 2020-09-08

Total Pages:

ISBN-13: 9781636256894

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In this new edition of China Macro Finance: A US Perspective, Professor Ron Schramm delves into what makes the Chinese economy and financial system unique and fundamentally different from that of the United States. Building on the key drivers of the Chinese economy, he utilizes numerous Case Studies and Macro Finance Insights to shed light on some of the most puzzling aspects of the world's second-largest economy. No other textbook so adeptly applies insights from finance and management to the macroeconomic problems of a country, providing useful tools and data to analyze not just China, but any emerging economy.China has evolved in important ways since the publication of the first edition of this textbook. A burgeoning service sector, slowing returns on investment, and the ebbs and tides of the China's real estate market all provide grist for a reconsideration of where China is and where it is going. New challenges and opportunities also present themselves: the Trump trade war, the COVID-19 shock, President Xi Jinping's One Belt One Road initiative, e-money, and the weave and weft of China's social safety net. A new chapter on China's financial system is required reading for a deep and broad understanding of opportunities and pitfalls in Chinese corporate finance and asset management. This textbook is intended for master's students and advanced undergraduate students in economics, finance, or international affairs.


Book Synopsis China Macro Finance: a US Perspective by : Ronald M. Schramm

Download or read book China Macro Finance: a US Perspective written by Ronald M. Schramm and published by . This book was released on 2020-09-08 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new edition of China Macro Finance: A US Perspective, Professor Ron Schramm delves into what makes the Chinese economy and financial system unique and fundamentally different from that of the United States. Building on the key drivers of the Chinese economy, he utilizes numerous Case Studies and Macro Finance Insights to shed light on some of the most puzzling aspects of the world's second-largest economy. No other textbook so adeptly applies insights from finance and management to the macroeconomic problems of a country, providing useful tools and data to analyze not just China, but any emerging economy.China has evolved in important ways since the publication of the first edition of this textbook. A burgeoning service sector, slowing returns on investment, and the ebbs and tides of the China's real estate market all provide grist for a reconsideration of where China is and where it is going. New challenges and opportunities also present themselves: the Trump trade war, the COVID-19 shock, President Xi Jinping's One Belt One Road initiative, e-money, and the weave and weft of China's social safety net. A new chapter on China's financial system is required reading for a deep and broad understanding of opportunities and pitfalls in Chinese corporate finance and asset management. This textbook is intended for master's students and advanced undergraduate students in economics, finance, or international affairs.


How China Grows

How China Grows

Author: James Riedel

Publisher: Princeton University Press

Published: 2023-06-06

Total Pages: 224

ISBN-13: 0691248060

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Why investment and financial reform are essential to China's continued economic well-being Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China. What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability. Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular—whether economists, political scientists, bankers, or business people.


Book Synopsis How China Grows by : James Riedel

Download or read book How China Grows written by James Riedel and published by Princeton University Press. This book was released on 2023-06-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why investment and financial reform are essential to China's continued economic well-being Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China. What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability. Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular—whether economists, political scientists, bankers, or business people.


China’s Financial System under Transition

China’s Financial System under Transition

Author: Xiaoping Xu

Publisher: Palgrave Macmillan

Published: 2014-01-14

Total Pages: 227

ISBN-13: 9781349264605

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The transformation of China's economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source of funds for investment. A two-tier financial structure, consisting of a central bank and a newly created specialised commercial bank, developed. Nonbank financial institutions also mushroomed. The book outlines the process of change, compares these changes to the earlier mono-banking system, and shows the problems which remained - including the lack of a proper financial control mechanism. There is a detailed case-study of the Shanghai financial markets.


Book Synopsis China’s Financial System under Transition by : Xiaoping Xu

Download or read book China’s Financial System under Transition written by Xiaoping Xu and published by Palgrave Macmillan. This book was released on 2014-01-14 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of China's economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source of funds for investment. A two-tier financial structure, consisting of a central bank and a newly created specialised commercial bank, developed. Nonbank financial institutions also mushroomed. The book outlines the process of change, compares these changes to the earlier mono-banking system, and shows the problems which remained - including the lack of a proper financial control mechanism. There is a detailed case-study of the Shanghai financial markets.


Macroeconomic Policy and Steady Growth in China

Macroeconomic Policy and Steady Growth in China

Author: Zhang Xiaojing

Publisher: Taylor & Francis

Published: 2021-09-19

Total Pages: 319

ISBN-13: 1000406512

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Since the appearance of macroeconomics in the 1940s, economists have created many theoretical frameworks to explain the origin and mechanism of economic fluctuations. However, few of these have managed to gain explanatory power over reality; nor can they solve real-life problems. This book proposes a new macroeconomic paradigm that makes breakthroughs in these areas. Based on a balance sheet approach and macro-financial linkage analysis, this book carries out a comprehensive analysis of the trends within China’s macroeconomy in 2020. The author argues that the COVID-19 pandemic created a great degree of uncertainty—therefore, supply-side structural reform and improved total factor productivity have been promoted to ensure a policy of steady growth. Given the declining economic growth rate in percentage terms, China has needed to adapt to a moderate increase in the leverage ratio while applying more effective fiscal policies to achieve a dynamic balance between stable growth and risk prevention. Scholars and students of economics and finance, especially Chinese economics, will find this book a useful reference.


Book Synopsis Macroeconomic Policy and Steady Growth in China by : Zhang Xiaojing

Download or read book Macroeconomic Policy and Steady Growth in China written by Zhang Xiaojing and published by Taylor & Francis. This book was released on 2021-09-19 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the appearance of macroeconomics in the 1940s, economists have created many theoretical frameworks to explain the origin and mechanism of economic fluctuations. However, few of these have managed to gain explanatory power over reality; nor can they solve real-life problems. This book proposes a new macroeconomic paradigm that makes breakthroughs in these areas. Based on a balance sheet approach and macro-financial linkage analysis, this book carries out a comprehensive analysis of the trends within China’s macroeconomy in 2020. The author argues that the COVID-19 pandemic created a great degree of uncertainty—therefore, supply-side structural reform and improved total factor productivity have been promoted to ensure a policy of steady growth. Given the declining economic growth rate in percentage terms, China has needed to adapt to a moderate increase in the leverage ratio while applying more effective fiscal policies to achieve a dynamic balance between stable growth and risk prevention. Scholars and students of economics and finance, especially Chinese economics, will find this book a useful reference.


China's Financial System Under Transition

China's Financial System Under Transition

Author: Xiaoping Xu

Publisher: Palgrave Macmillan

Published: 1998-01-01

Total Pages: 227

ISBN-13: 9780312210441

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This work offers a detailed and authoritative guide to financial reform in China since 1979: the book outlines the process of change, compares these changes to the earlier mono-banking system and shows the problems which remained.


Book Synopsis China's Financial System Under Transition by : Xiaoping Xu

Download or read book China's Financial System Under Transition written by Xiaoping Xu and published by Palgrave Macmillan. This book was released on 1998-01-01 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work offers a detailed and authoritative guide to financial reform in China since 1979: the book outlines the process of change, compares these changes to the earlier mono-banking system and shows the problems which remained.


Enter the Dragon

Enter the Dragon

Author: Domenico Lombardi

Publisher: McGill-Queen's Press - MQUP

Published: 2016-10-17

Total Pages: 442

ISBN-13: 1928096166

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China has experienced a remarkable transformation since the 1990s. It now boasts the second-largest — some would argue the largest — economy in the world, having evolved from a closed economy into the leading goods-trading nation. China’s economic rise has given it increasing prominence in international monetary and financial governance, but it also exposes China to new risks associated with its integration into the global financial system. Drawing insights from economics and political science, Enter the Dragon: China in the International Financial System takes a broad conceptual approach and tackles the questions that accompany China’s ascendance in international finance: What are the motivations and consequences of China’s effort to internationalize the renminbi? What is the political logic underlying China’s foreign financial policy? What forces have shaped China’s preferences and capacities in global financial governance? Enter the Dragon contributes to the ongoing debate over China’s political interests, its agenda for economic and financial cooperation, and the domestic and international implications of its economic rise. Bringing together experts from both inside and outside of China, this volume argues that China’s rise in the international financial system is a highly complex and political process, and can only be understood by incorporating analysis of domestic and international political economy.


Book Synopsis Enter the Dragon by : Domenico Lombardi

Download or read book Enter the Dragon written by Domenico Lombardi and published by McGill-Queen's Press - MQUP. This book was released on 2016-10-17 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has experienced a remarkable transformation since the 1990s. It now boasts the second-largest — some would argue the largest — economy in the world, having evolved from a closed economy into the leading goods-trading nation. China’s economic rise has given it increasing prominence in international monetary and financial governance, but it also exposes China to new risks associated with its integration into the global financial system. Drawing insights from economics and political science, Enter the Dragon: China in the International Financial System takes a broad conceptual approach and tackles the questions that accompany China’s ascendance in international finance: What are the motivations and consequences of China’s effort to internationalize the renminbi? What is the political logic underlying China’s foreign financial policy? What forces have shaped China’s preferences and capacities in global financial governance? Enter the Dragon contributes to the ongoing debate over China’s political interests, its agenda for economic and financial cooperation, and the domestic and international implications of its economic rise. Bringing together experts from both inside and outside of China, this volume argues that China’s rise in the international financial system is a highly complex and political process, and can only be understood by incorporating analysis of domestic and international political economy.


Financial Sector Reform and the International Integration of China

Financial Sector Reform and the International Integration of China

Author: Zhongmin Wu

Publisher: Routledge

Published: 2009-04-14

Total Pages: 414

ISBN-13: 1134104758

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China's economy, which continues to grow rapidly, is having an ever greater impact on the rest of the world. This impact is likely to be felt increasingly in the financial sector where China's foreign currency reserves, fuelled by the huge trade surplus, are a very significant factor in world financial markets. This book, based on extensive original research by a range of leading experts, examines many key aspects of current reforms in China's financial sector and China's increasing integration into the international economy. Subjects covered amongst many others include: the derivatives market in China; stock market liberalisation; the internationalization of accounting standards in China; the impact of international foreign direct investment by Chinese firms; and a discussion of the likely long-term economic effects of the Beijing Olympic Games.


Book Synopsis Financial Sector Reform and the International Integration of China by : Zhongmin Wu

Download or read book Financial Sector Reform and the International Integration of China written by Zhongmin Wu and published by Routledge. This book was released on 2009-04-14 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economy, which continues to grow rapidly, is having an ever greater impact on the rest of the world. This impact is likely to be felt increasingly in the financial sector where China's foreign currency reserves, fuelled by the huge trade surplus, are a very significant factor in world financial markets. This book, based on extensive original research by a range of leading experts, examines many key aspects of current reforms in China's financial sector and China's increasing integration into the international economy. Subjects covered amongst many others include: the derivatives market in China; stock market liberalisation; the internationalization of accounting standards in China; the impact of international foreign direct investment by Chinese firms; and a discussion of the likely long-term economic effects of the Beijing Olympic Games.