Authored by the most prominent economists in contemporary China. Explores the riddle of China's current economic development. Features cutting-edge data, illustrations and materials.

Autorentext

Yang Li, member of the Party Leadership Group and vice-president of the Chinese Academy of Social Sciences; CASS member; researcher, doctoral supervisor; representative of the 12th National Congress; member of the Financial Committee of the National Congress; vice President of the China Postdoctoral Science Foundation; third member of the Monetary Policy Committee of the People's Bank of China; vice-chairman of the China Finance Society, the Chinese Finance Society, China International Financial Society, and Chinese City Finance Society. He was elected as a member of the International Eurasian Academy of Sciences in 2011; received the "Sun Yefang Economics and Science Award" five times; and published extensively as an author and editor. Xiaojing Zhang, Director and researcher of the Institute of Economics, Chinese Academy of Social Sciences (CASS); professor at the CASS Graduate School; visiting scholar to the Stockholm School of Economics in Sweden,Harvard University and NBER; appointed as a special observer by the Xinhua News Agency for long-term tracking of the macro situation and policy analysis. His main research fields are macro-economics in the open economy, growth theory, and economics for development. His major works are Symbolic Economy and Hypostatic Economy: Economy Analysis of the Era of Financial Globalization, Harvard Essays: Intimate Contact with the Economics. He has received the "Sun Yefang Economics and Science Award" twice and been awarded the "China Book Prize"; further, he has published over 60 academic papers in Chinese or English.

Zusammenfassung
This book focuses on global financial systems. After summarising historical financial institutions, it subsequently uses economic and econometrical models to analyse the strengths and weaknesses of these institutions and their role in the history. Readers, especially international readers, will be introduced to prominent Chinese scholars' ideas and views on these issues. The perspective of this book is, of course, a Chinese one. As such, readers will learn how Chinese people view global financial systems, even those dominated by the West, what they think about future global finance, etc. As such, the book offers intriguing and revealing insights for researchers and a broader readership alike.

Inhalt
Section One: Introduction of the Global Imbalance from the perspective of money and finance. - Section Two: the global imbalance from the perspective of the real economy.- Section Three: the crisis of global financial system after World War Two.- Section Four: the institutions of rebalance global financial system.