Factions and Finance in China: Elite Conflict and Inflation

ISBN-13: 9780521872577 / Angielski / Twarda / 2007 / 268 str.

Victor Chung-Hon Shih

Opis

How does the Chinese banking sector really work? Nearly all financial institutions in China are managed by members of the Communist Party, yet economists and even those who engage the Chinese banking sector simply do not have a framework with which to analyze the links between banking and politics. Drawing from interviews, statistical analysis, and archival research, this book is the first to develop a framework with which to analyze how elite politics impact both monetary and banking policies. This book serves as an important reference point for all subsequent work on Chinese banking.

Recenzje

'… 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 élite politics.' The China Journal

Spis treści

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.