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

  • Lino Sau
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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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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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  2. Hyman P. Minsky & Charles J. Whalen, 1997. "Economic Insecurity and the Institutional Prerequisites for Successful Capitalism," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 19(2), pages 155-170, January.
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  4. Shang-Jin Wei & Eswar Prasad, 2005. "The Chinese Approach to Capital Inflows; Patterns and Possible Explanations," IMF Working Papers 05/79, International Monetary Fund.
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  13. Salvatore Capasso, 2003. "Financial Markets Development And Economic Growth: Tales Of Informational Asymmetries," Working Papers 2_2003, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
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  17. McMillan, John, 1994. "China’s Nonconformist Reforms," Institute on Global Conflict and Cooperation, Working Paper Series qt9cn9b13c, Institute on Global Conflict and Cooperation, University of California.
  18. Solomon Tadesse, 2001. "Financial Architecture and Economic Performance: International Evidence," William Davidson Institute Working Papers Series 449, William Davidson Institute at the University of Michigan.
  19. John Marangos, 2001. "A Post Keynesian View of Transition to Market Capitalism: Developing a Civilized Society," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 23(2), pages 301-311, January.
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