This book is a systematic study of monetary policy and financial institution in China during its decentralisation- and market-oriented economic reform. It not only contains substantial information on money and finance and the operation of financial institutions in China, but also identifies mechanisms of the monetary expansion as the general feature of monetary policy.

Autorentext

LEROY JIN

Inhalt

List of Abbreviations, Tables and Figures - Preface - Acknowledgements - Introduction - Economic Reforms: Successes and Problems - Sources and Processes of Monetary Expansion - Credit Expansion and Centre-Locality Game - Local Governments' Ownership and Incentive Compatability - The Banking System and Its Operation - Tight Money in 1988-89: A Case-Study - Summary and Policy Issues - Appendix - Bibliography - Index