{"product_id":"chinas-monetary-challenges-past-experiences-and-future-prospects-hardback-9780521880169","title":"China's Monetary Challenges; Past Experiences and Future Prospects (Hardback) 9780521880169","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eChina's Monetary Challenges\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePast Experiences and Future Prospects\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book focuses on such topical issues as the build-up of foreign exchange reserves, monetary control and credit allocation difficulties.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRichard C. K. Burdekin (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521880169, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 7 July 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e272 pages\u003cbr\u003e23.4 x 16 x 2.3 cm, 0.5 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003eReview of the hardback: 'Burdekin's careful research provides valuable insight into a number of current policy issues facing China and the global economy as well as illustrating several fascinating historical episodes. One finds that today is not the first time that pegging exchange rates has generated serious macroeconomic problems for China's economy.' Thomas Willet, Dean, School of Politics and Economics, Claremont Graduate University\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eDespite the People's Republic of China's remarkable growth over the post-1978 reform period, questions have arisen about the sustainability of its exchange rate policy and the soundness of its financial system. This book focuses on the key monetary challenges to China's continued advancement and addresses such topical issues as the build-up of foreign exchange reserves, monetary control, credit allocation difficulties, and the expanding role of China's asset markets and stock exchanges. Current and past monetary policy strategies are examined in detail as are the banking sector reforms leading up to full foreign competition in December 2006. The analysis also assesses the People's Republic's role within Greater China (including Hong Kong and Taiwan) and the potential for future renminbi monetary hegemony within Asia. The treatment of these issues is intended to be accessible to non-economists and does not assume prior immersion in the underlying formal models.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I. China's Exchange Rate Regime and Monetary Policy: 1. The renminbi-US dollar exchange rate controversy\u003cbr\u003e 2. China's reserve buildup and global imbalances\u003cbr\u003e 3. Combating inflation and deflation\u003cbr\u003e 4. People's Bank of China policy-making and external pressures (with Pierre Siklos)\u003cbr\u003e Part II. The Importance of International Factors, Past and Present: 5. US pressure on China and Hong Kong in the 1930s\u003cbr\u003e 6. Inflation transmission to Taiwan in the 1940s (with Hsin-hui I. H. Whited)\u003cbr\u003e 7. WTO challenges and China's banking sector today (with Emily Kochanowicz)\u003cbr\u003e Part III. The People's Republic Role within Greater China and Asia: 8. Asset market expansion and Shanghai vs. Hong Kong listings of Chinese firms\u003cbr\u003e 9. Economic interdependence with Taiwan (with Hsin-hui I. H. Whited)\u003cbr\u003e 10. Conclusions and future prospects for the renminbi.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: International finance [\u003ca title=\"See our other books on International finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22International%20finance%20%5BKCLF%5D%22\"\u003eKCLF\u003c\/a\u003e], Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005536194840,"sku":"9780521880169","price":43.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521880169i_72057c3b-3f88-403f-8ada-f9b6df18f239.jpg?v=1691358789","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/chinas-monetary-challenges-past-experiences-and-future-prospects-hardback-9780521880169","provider":"Freshly Printed Books","version":"1.0","type":"link"}