Banking on Growth Models : : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / / Stephen Bell, Hui Feng.
Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors in...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2022] ©2022 |
Year of Publication: | 2022 |
Language: | English |
Series: | Cornell Studies in Money
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Physical Description: | 1 online resource (306 p.) :; 4 charts, 29 graphs |
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Bell, Stephen, author. aut http://id.loc.gov/vocabulary/relators/aut Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / Stephen Bell, Hui Feng. Ithaca, NY : Cornell University Press, [2022] ©2022 1 online resource (306 p.) : 4 charts, 29 graphs text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Cornell Studies in Money Frontmatter -- Contents -- Figures -- Acknowledgments -- Abbreviations -- Introduction -- 1. Interactions between China’s Growth Model and the Financial System -- 2. Interests, Ideas, Institutions, and the Politics of Banking and Economic Reform in China -- 3. Growth Model Reform and the Banks as the State’s Cashier, 1979–96 -- 4. Quick-Fix Banking Reforms after the Asian Crisis, 1997–2002 -- 5. Further Banking Reforms, 2003–8 -- 6. The GFC and State Capitalism on Steroids -- 7. The GFC Critical Juncture and the Rise of Shadow Banking -- 8. Shadow Banking after the GFC -- 9. The Politics of Banking Regulation and Reform -- 10. Mounting Debt and Lurking Risks -- 11. China’s Troubled Road to Economic Rebalancing -- Conclusion -- Notes -- References -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model.For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China.Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 01. Dez 2022) Asian Studies. General Economics. POLITICAL SCIENCE / Political Economy. bisacsh shadow banking, shadow credit, china’s growth trajectory, xi jinping regime and chinas economic growth, financial implosion in china, china and the aftermath of the global financial crisis. Feng, Hui, author. aut http://id.loc.gov/vocabulary/relators/aut Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2022 9783110751826 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 English 9783110993899 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 9783110994810 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Political Science 2022 English 9783110994513 Title is part of eBook package: De Gruyter EBOOK PACKAGE Political Science 2022 9783110994407 ZDB-23-PLW https://doi.org/10.1515/9781501762536 https://www.degruyter.com/isbn/9781501762536 Cover https://www.degruyter.com/document/cover/isbn/9781501762536/original |
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English |
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Bell, Stephen, Bell, Stephen, Feng, Hui, |
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Bell, Stephen, Bell, Stephen, Feng, Hui, Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / Cornell Studies in Money Frontmatter -- Contents -- Figures -- Acknowledgments -- Abbreviations -- Introduction -- 1. Interactions between China’s Growth Model and the Financial System -- 2. Interests, Ideas, Institutions, and the Politics of Banking and Economic Reform in China -- 3. Growth Model Reform and the Banks as the State’s Cashier, 1979–96 -- 4. Quick-Fix Banking Reforms after the Asian Crisis, 1997–2002 -- 5. Further Banking Reforms, 2003–8 -- 6. The GFC and State Capitalism on Steroids -- 7. The GFC Critical Juncture and the Rise of Shadow Banking -- 8. Shadow Banking after the GFC -- 9. The Politics of Banking Regulation and Reform -- 10. Mounting Debt and Lurking Risks -- 11. China’s Troubled Road to Economic Rebalancing -- Conclusion -- Notes -- References -- Index |
author_facet |
Bell, Stephen, Bell, Stephen, Feng, Hui, Feng, Hui, Feng, Hui, |
author_variant |
s b sb s b sb h f hf |
author_role |
VerfasserIn VerfasserIn VerfasserIn |
author2 |
Feng, Hui, Feng, Hui, |
author2_variant |
h f hf |
author2_role |
VerfasserIn VerfasserIn |
author_sort |
Bell, Stephen, |
title |
Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / |
title_sub |
China's Troubled Pursuit of Financial Reform and Economic Rebalancing / |
title_full |
Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / Stephen Bell, Hui Feng. |
title_fullStr |
Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / Stephen Bell, Hui Feng. |
title_full_unstemmed |
Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / Stephen Bell, Hui Feng. |
title_auth |
Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / |
title_alt |
Frontmatter -- Contents -- Figures -- Acknowledgments -- Abbreviations -- Introduction -- 1. Interactions between China’s Growth Model and the Financial System -- 2. Interests, Ideas, Institutions, and the Politics of Banking and Economic Reform in China -- 3. Growth Model Reform and the Banks as the State’s Cashier, 1979–96 -- 4. Quick-Fix Banking Reforms after the Asian Crisis, 1997–2002 -- 5. Further Banking Reforms, 2003–8 -- 6. The GFC and State Capitalism on Steroids -- 7. The GFC Critical Juncture and the Rise of Shadow Banking -- 8. Shadow Banking after the GFC -- 9. The Politics of Banking Regulation and Reform -- 10. Mounting Debt and Lurking Risks -- 11. China’s Troubled Road to Economic Rebalancing -- Conclusion -- Notes -- References -- Index |
title_new |
Banking on Growth Models : |
title_sort |
banking on growth models : china's troubled pursuit of financial reform and economic rebalancing / |
series |
Cornell Studies in Money |
series2 |
Cornell Studies in Money |
publisher |
Cornell University Press, |
publishDate |
2022 |
physical |
1 online resource (306 p.) : 4 charts, 29 graphs |
contents |
Frontmatter -- Contents -- Figures -- Acknowledgments -- Abbreviations -- Introduction -- 1. Interactions between China’s Growth Model and the Financial System -- 2. Interests, Ideas, Institutions, and the Politics of Banking and Economic Reform in China -- 3. Growth Model Reform and the Banks as the State’s Cashier, 1979–96 -- 4. Quick-Fix Banking Reforms after the Asian Crisis, 1997–2002 -- 5. Further Banking Reforms, 2003–8 -- 6. The GFC and State Capitalism on Steroids -- 7. The GFC Critical Juncture and the Rise of Shadow Banking -- 8. Shadow Banking after the GFC -- 9. The Politics of Banking Regulation and Reform -- 10. Mounting Debt and Lurking Risks -- 11. China’s Troubled Road to Economic Rebalancing -- Conclusion -- Notes -- References -- Index |
isbn |
9781501762536 9783110751826 9783110993899 9783110994810 9783110994513 9783110994407 |
url |
https://doi.org/10.1515/9781501762536 https://www.degruyter.com/isbn/9781501762536 https://www.degruyter.com/document/cover/isbn/9781501762536/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.0951 |
dewey-sort |
3332.0951 |
dewey-raw |
332.0951 |
dewey-search |
332.0951 |
doi_str_mv |
10.1515/9781501762536 |
oclc_num |
1338018478 |
work_keys_str_mv |
AT bellstephen bankingongrowthmodelschinastroubledpursuitoffinancialreformandeconomicrebalancing AT fenghui bankingongrowthmodelschinastroubledpursuitoffinancialreformandeconomicrebalancing |
status_str |
n |
ids_txt_mv |
(DE-B1597)596507 (OCoLC)1338018478 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2022 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 Title is part of eBook package: De Gruyter EBOOK PACKAGE Political Science 2022 English Title is part of eBook package: De Gruyter EBOOK PACKAGE Political Science 2022 |
is_hierarchy_title |
Banking on Growth Models : China's Troubled Pursuit of Financial Reform and Economic Rebalancing / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2022 |
author2_original_writing_str_mv |
noLinkedField noLinkedField |
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fullrecord |
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