Debt and Distortion: Risks and Reforms in the Chinese Financial System
China's unprecedented growth hastransformed the lives of its people and impacted economies across the globe. Thefinancial system supported this growth by providing cheap loans to boostinvestment and, in a virtuous cycle, rapid growth insured that these loanscould be repaid. However, in recent years, this virtuous cycle has turnedvicious. The financial system has continued to lend freely and cheaply as theeconomy has slowed, and the risk of crisis has mounted. In response, thegovernment has initiated the most ambitious financial reforms in twenty years. Financialmarkets, businesses and governments are concerned about these risks and arestruggl…
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Produktdetails
- ISBN: 978-1-137-53400-2
- EAN: 9781137534002
- Produktnummer: 19688338
- Verlag: Palgrave Macmillan Ltd
- Sprache: Englisch
- Erscheinungsjahr: 2016
- Seitenangabe: 270 S.
- Masse: H24.4 cm x B16.4 cm x D2.0 cm 627 g
- Auflage: 2016
- Gewicht: 627
Über den Autor
Paul Armstrong-Taylor is Resident Professorof International Economics at John Hopkins School of Advanced InternationalStudies, Nanjing University, China, where he teaches classes on finance,strategy and the Chinese economy. Previously, he was Visiting Professor ofEconomics and Finance at the Antai School of Economics and Management, ShanghaiJiaotong University. His professional experienceincludes positions as a consultant at Monitor Group and London Economics, andas an investment banker at Morgan Stanley.Paul received his BA and MPhil in Economicsfrom Cambridge University, and his PhD in Economics from HarvardUniversity. His research interestsinclude the Chinese economy, game theory, business strategy and finance. He has published numerous articles on Chinaand the economy for academic and non-academic media, and has spoken at a numberof events, including The China Economics Forum and the Annual US-China BusinessCouncil Conference in Shanghai.
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