China’s Impossible Trinity [electronic resource] : The Structural Challenges to the “Chinese Dream” /
Lo, Chi.author.
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.
Description based upon print version of record.
Includes bibliographical references and index.
Impossible trinity in China -- Opening a can of worms -- Betting on the role of the state -- Incentive problem standing in the way -- Power struggle or genuine reform -- From financial repression to liberalisation -- Monetary policy reform fraught with risks -- Systemic risk (I): shadow banks and local debt -- Systemic risk (II): property market bubble -- China's future monetary policy.
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.
Asia—Economic conditions.
Macroeconomics.
Finance.
Asian Economics.
Macroeconomics/Monetary Economics//Financial Economics.
Finance, general.