China's Impossible Trinity
The Structural Challenges to the "Chinese Dream"
Samenvatting
This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.
Specificaties
Inhoudsopgave
2. Opening a Can of Worms
3. Betting on the Role of the State
4. Incentive Problem Standing in the Way
5. Power Struggle or Genuine Reform
6. From Financial Repression to Liberalisation
7. Monetary Policy Reform Fraught with Risks
8. Systemic Risk (I): Shadow Banks and Local Debt
9. Systemic Risk (II): Property Market Bubble
10 . China ' 's Future Monetary Policy