China's Monetary Challenges

Past Experiences and Future Prospects

Richard C K Burdekin author

Format:Hardback

Publisher:Cambridge University Press

Published:7th Jul '08

Should be back in stock very soon

This hardback is available in another edition too:

China's Monetary Challenges cover

This book focuses on such topical issues as the build-up of foreign exchange reserves, monetary control and credit allocation difficulties.

Despite the People's Republic of China's remarkable growth over the post-1978 reform period, questions have arisen about the sustainability of its exchange rate policy and the soundness of its financial system. This book focuses on the key monetary challenges to China's continued advancement.Despite the People's Republic of China's remarkable growth over the post-1978 reform period, questions have arisen about the sustainability of its exchange rate policy and the soundness of its financial system. This book focuses on the key monetary challenges to China's continued advancement and addresses such topical issues as the build-up of foreign exchange reserves, monetary control, credit allocation difficulties, and the expanding role of China's asset markets and stock exchanges. Current and past monetary policy strategies are examined in detail as are the banking sector reforms leading up to full foreign competition in December 2006. The analysis also assesses the People's Republic's role within Greater China (including Hong Kong and Taiwan) and the potential for future renminbi monetary hegemony within Asia. The treatment of these issues is intended to be accessible to non-economists and does not assume prior immersion in the underlying formal models.

Review of the hardback: 'This book is insightful, comprehensive, and timely. It is a must-read for anyone interested in understanding China's monetary challenges into the 21st century. The terrific data in Burdekin's book will be particularly valuable to many readers.' James R. Barth, Auburn University
Review of the hardback: 'There are many books on China, but few intelligent ones on the Chinese financial market. Richard Burdekin's work is very timely to fill the gap. For those who want to understand issues on Chinese monetary policy, equity markets, banks, and the exchange rate, this book provides comprehensive coverage.' Baizhu Chen, Gordon S. Marshall School of Business, University of Southern California
Review of the hardback: 'An invaluable source of information on the evolution of China's monetary institutions from the 1930s until the present, and on the future path of reform.' James A. Dorn, Cato Institute, Washington DC and co-editor of China's Future: Constructive Partner or Emerging Threat
Review of the hardback: 'Burdekin's careful research provides valuable insight into a number of current policy issues facing China and the global economy as well as illustrating several fascinating historical episodes. One finds that today is not the first time that pegging exchange rates has generated serious macroeconomic problems for China's economy.' Thomas Willet, Dean, School of Politics and Economics, Claremont Graduate University

ISBN: 9780521880169

Dimensions: 234mm x 160mm x 23mm

Weight: 500g

272 pages