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Finance and the Real Economy - Peter Nolan

Finance and the Real Economy

China and the West since the Asian Financial Crisis

(Autor)

Buch | Softcover
184 Seiten
2022
Routledge (Verlag)
978-0-367-54031-9 (ISBN)
CHF 69,80 inkl. MwSt
The different approach taken by China and the West towards finance and the real economy rests upon philosophical foundations that have diverged fundamentally since the Ancient World. Since the Asian Financial Crisis in 1997–98 a tremendous transformation has taken place in the financial systems in both China and the West. China has persisted steadily with reform of its financial system but it remains heavily protected from international competition. In the West regulatory structures have been progressively dismantled, permitting an unprecedented secular expansion of asset prices and debt relative to GDP. The structure crashed to the ground with the collapse of asset prices in 2008–09. In the decade since the GFC asset prices and debt in the West have rebounded. The West’s financial system stands on a knife- edge. In 2018 China announced the intention to accelerate the opening up of the country’s capital markets. The way in which the Chinese and the West’s financial system interact constitutes a central issue in global political economy in the years ahead.

Peter Nolan is Founding Director, Centre of Development Studies, University of Cambridge and Director, China Centre, Jesus College, Cambridge .

List of Tables Acknowledgements Prologue Introduction 1. Philosophical foundations The West China 2. The West since the Asian Financial Crisis Transformation of the real economy Consolidation of financial services Global level playing field Global Financial Crisis 3. China since the Asian Financial Crisis System fragility System strength Conclusion: interaction of China and the West References

Erscheinungsdatum
Reihe/Serie Routledge Studies on the Chinese Economy
Zusatzinfo 9 Tables, black and white
Verlagsort London
Sprache englisch
Maße 156 x 234 mm
Gewicht 276 g
Themenwelt Wirtschaft Betriebswirtschaft / Management
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 0-367-54031-2 / 0367540312
ISBN-13 978-0-367-54031-9 / 9780367540319
Zustand Neuware
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