The Political Economy of Chinese Finance

This volume contains 14 essays on the political economy of Chinese finance and the mechanisms of state vs. private ownership, regulation, monetary and exchange rate policy, and foreign trade and investment. Researchers from Europe, Asia, the US, and Australia discuss the differences between the political economy of China and that of the West; state and corporate governance issues in China's state-owned enterprises, in terms of executive compensation, banking, and inventive schemes; control and ownership in the corporate sector, including the benefits and costs of government control, the impact of internal control on firm performance, and the relationship between the split-share structure reform and privatization; the role of government, banking, and insurance in regulating and mitigating financial risks, including the impact of climate change; and the political economy in the external sector, including China's exchange rate policy, the Chinese foreign exchange market, and foreign direct investment. Distributed in North America by Turpin Distribution. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)

Edited by J. Jay Choi, Temple University, Philadelphia, PA, USAMichael R. Powers, Tsinghua University, Beijing, ChinaXiaotian Tina Zhang, Saint Mary’S College of California, Moraga, CA, USA