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Finance and the Real Economy

China and the West since the Asian Financial Crisis

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The book explores the contrasting philosophical foundations of finance in China and the West, tracing their divergence since ancient times. Following the Asian Financial Crisis, China has focused on reforming its financial system while maintaining protection from global competition. In contrast, the West has dismantled regulatory structures, leading to a significant rise in asset prices and debt, culminating in the 2008-09 financial collapse. As China plans to open its capital markets, the interaction between these two financial systems is poised to shape the future of global political economy.

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Finance and the Real Economy, Peter Nolan

Język
Rok wydania
2022
Oprawa
(miękka)
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Tytuł
Finance and the Real Economy
Podtytuł
China and the West since the Asian Financial Crisis
Język
angielski
Rok wydania
2022
Oprawa
miękka
Liczba stron
184
ISBN13
9780367540319
Seria
Opis
The book explores the contrasting philosophical foundations of finance in China and the West, tracing their divergence since ancient times. Following the Asian Financial Crisis, China has focused on reforming its financial system while maintaining protection from global competition. In contrast, the West has dismantled regulatory structures, leading to a significant rise in asset prices and debt, culminating in the 2008-09 financial collapse. As China plans to open its capital markets, the interaction between these two financial systems is poised to shape the future of global political economy.