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Evolution of China's financial system and its impact on economic development

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  • Lino Sau
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Abstract

In this paper, I try to show and emphasise how China has adopted alternative economic policies in the transition and in the evolution of its financial system. In fact, the �step by step� or �gradualism� approach followed is in contrast to the fashionable idea that indiscriminately prescribes market-oriented financial system architecture to emerging and transition economies, and is, I believe, more close to the financial policies recommended by Post-Keynesians.

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Bibliographic Info

Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Economic Policy in Emerging Economies.

Volume (Year): 5 (2012)
Issue (Month): 1 ()
Pages: 1-15

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Handle: RePEc:ids:ijepee:v:5:y:2012:i:1:p:1-15

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Web page: http://www.inderscience.com/browse/index.php?journalID=219

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Keywords: China; financial systems; financial market development; financial liberalisation; post-Keynesian economics; economic development; transition economies; financial policy.;

References

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  1. Lino Sau, 2003. "Banking, information, and financial instability in Asia," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 25(3), pages 493-513, March.
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