Money, Banking, And Financial Markets In China

This book offers the first comprehensive study of the money, banking, and financial markets in China since the establishment of the central bank system in 1984. The author analyzes the impact of the profound institutional changes of the 1980s and the early 1990s and highlights the fundamental transformation of the role of money - from a passive accounting tool in the centrally planned system to an active and intrinsically important factor in determining the growth and stability of the present economy