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題名 The Political Economy of State Capitalism and Shadow Banking in China
作者 Tsai, Kellee S.
關鍵詞 China;state capitalism;informal finance;shadow banking;financial development
日期 2015-03
上傳時間 21-Dec-2016 15:59:41 (UTC+8)
摘要 The Xi-Li administration faces the dual challenge of managing state capitalism and shadow banking as China enters a phase of more moderate economic growth During China`s first three decades of reform, private sector development occurred in parallel with prioritization of state-owned enterprises in strategic industries, and growth surged This pattern of state capitalism rested on an unarticulated bifurcated financing arrangement whereby the forma l banking system primarily served public enterprises, while private businesses relied primarily on informal finance, However, China s response to global financial crisis disrupted the preceding equilibrium of financial dualism under state capitalism. Unprecedented expansion of bank lending after 2008 created opportunities for a host of state economic actors-including SOEs, state banks, and local governments-to expand their participation in off-balance sheet activities.
關聯 Issues & Studies,51(1),55-97
資料類型 article
dc.creator (作者) Tsai, Kellee S.
dc.date (日期) 2015-03
dc.date.accessioned 21-Dec-2016 15:59:41 (UTC+8)-
dc.date.available 21-Dec-2016 15:59:41 (UTC+8)-
dc.date.issued (上傳時間) 21-Dec-2016 15:59:41 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/105265-
dc.description.abstract (摘要) The Xi-Li administration faces the dual challenge of managing state capitalism and shadow banking as China enters a phase of more moderate economic growth During China`s first three decades of reform, private sector development occurred in parallel with prioritization of state-owned enterprises in strategic industries, and growth surged This pattern of state capitalism rested on an unarticulated bifurcated financing arrangement whereby the forma l banking system primarily served public enterprises, while private businesses relied primarily on informal finance, However, China s response to global financial crisis disrupted the preceding equilibrium of financial dualism under state capitalism. Unprecedented expansion of bank lending after 2008 created opportunities for a host of state economic actors-including SOEs, state banks, and local governments-to expand their participation in off-balance sheet activities.
dc.format.extent 173 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Issues & Studies,51(1),55-97
dc.subject (關鍵詞) China;state capitalism;informal finance;shadow banking;financial development
dc.title (題名) The Political Economy of State Capitalism and Shadow Banking in China
dc.type (資料類型) article