Warenkorb
Kostenloser Versand
Unsere Operationen sind klimaneutral

Factions and Finance in China Victor C. Shih (Northwestern University, Illinois)

Factions and Finance in China von Victor C. Shih (Northwestern University, Illinois)

Factions and Finance in China Victor C. Shih (Northwestern University, Illinois)


€36.99
Zustand - Wie Neu
Nur noch 1

Zusammenfassung

Nearly all financial institutions in China are managed by members of the Communist Party, yet economists do not have a framework with which to analyze the links between banking and politics. This book develops a framework to analyze how elite politics impact both monetary and banking policies.

Factions and Finance in China Zusammenfassung

Factions and Finance in China: Elite Conflict and Inflation Victor C. Shih (Northwestern University, Illinois)

The contemporary Chinese financial system encapsulates two possible futures for China's economy. On the one hand, extremely rapid financial deepening accompanied by relatively stable prices are both manifestations of a vigorous growth trajectory that will one day make China the world's largest economy. On the other hand, the colossal store of non-performing loans in the banking sector augurs a troubling future. Factions and Finance in China inquires how elite factional politics has given rise to both of these outcomes since the reform in 1978. The competition between generalists in the Chinese Communist Party and politically engaged technocrats over monetary policies has time and time again prevented inflation from spinning out of control. Shih shows that elite politics has exerted a profound impact on monetary policies and banking institutions in contemporary China.

Factions and Finance in China Bewertungen

'Victor Shih has produced a deep and rich analysis that links the complexity of Chinese elite politics to the monetary policies that have defined China's economic reforms. ... Factions and Finance in China is an excellent addition to this literature, representing deep and careful research about Chinese politics and economics. It will be essential reading for students of Chinese politics as well as those interested in the complex relationship between political and economic reform in the world's largest nation. ... Shih's study is remarkable in its empirical link between factional politics and monetary policy ... he does a nice job of extending his analysis to speculation about the future of China's authoritarian regime. The book is thus not only an impressive history of the relationship between China's political system and monetary policy but it is also a roadmap for predicting the future.' China Quarterly
'... Shih's study is a welcome addition to an important but under-explored topic. Its quantitative treatment of biographical information is innovative and commendable. For these reasons, it deserves to be widely read by those interested in China's political economy and elite politics.' The China Journal

Über Victor C. Shih (Northwestern University, Illinois)

Victor C. Shih is a political economist specializing in China at Northwestern University. Born in Hong Kong, Professor Shih immigrated to the United States at the age of 12. He attended the George Washington University on a University Presidential Fellowship and graduated summa cum laude in East Asian Studies with a minor in Economics. He went on to complete his M.A. and Ph.D. in Government at Harvard University. He is the author of numerous articles appearing in academic and business journals, including The China Quarterly and The Far Eastern Economic Review, and advises the private sector on the banking industry in China. His current research concerns the political economy of fiscal transfers in China and Chinese policies toward ethnic minorities.

Inhaltsverzeichnis

1. Introduction; 2. China's financial performance in comparative perspective; 3. The banking system: flexible institutions and party domination; 4. Factional politics and its financial implications; 5. Factional politics, distribution of loans, and inflationary cycles: several quantitative tests; 6. The collapse of discipline: the first two inflationary cycles and the fiscalization of Chinese banks; 7. The height of the politics of inflation, 1986-1996; 8. The long cycle: 1998-2006; 9. Concluding discussion.

Zusätzliche Informationen

GOR013126413
9780521106474
0521106478
Factions and Finance in China: Elite Conflict and Inflation Victor C. Shih (Northwestern University, Illinois)
Gebraucht - Wie Neu
Broschiert
Cambridge University Press
2009-03-23
268
N/A
Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Das Buch wurde gelesen, ist aber in gutem Zustand. Alle Seiten sind intakt, der Einband ist unversehrt. Leichte Gebrauchsspuren am Buchrücken. Das Buch wurde gelesen, sieht jedoch noch wie neu aus. Der Bucheinband weist keine sichtbaren Gebrauchsspuren auf. Gegebenenfalls ist auch ein Schutzumschlag verfügbar. Keine fehlenden oder beschädigten Seiten, keine Risse, eventuell minimale Knicke, keine unterstrichenen oder markierten Textstellen, keine beschrifteten Ränder.