Report and Recommendation of the President to the Board of Directors on a Proposed Loan to the People's Republic of China for the Everbright Bank of China Project and a Proposed Equity Investment in the Everbright Bank of China

Report and Recommendation of the President to the Board of Directors on a Proposed Loan to the People's Republic of China for the Everbright Bank of China Project and a Proposed Equity Investment in the Everbright Bank of China PDF Author: Mitsuo Sato
Publisher:
ISBN:
Category : Asian Development Bank
Languages : en
Pages : 84

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China's Unfinished Economic Revolution

China's Unfinished Economic Revolution PDF Author: Nicholas R. Lardy
Publisher: Brookings Institution Press
ISBN: 9780815791539
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
China's Unfinished Economic Revolution offers a fundamentally different interpretation of China's economic reform. The common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled a large share of sharply rising household savings into what are mostly unreformed, money-losing companies. The result is that several of China's largest financial institutions now are insolvent. To avoid a major domestic banking crisis the book argues that China must recapitalize and restructure its domestic banking system and end the long-standing practice of making lending decisions based on political rather than economic criteria. Nicholas Lardy explains that this course will inevitably be costly in political terms, in part because it will lead for a time to a slower rate of economic growth. But the alternative is even less attractive—permanently slower growth, continued macroeconomic instability, an inability to meet the expectations of the international community for the opening of its domestic financial markets, and insufficient resources to deal with severe environmental deterioration, growing water shortages, and a rapidly aging population. This timely book also analyzes the new reform initiatives China has launched in the wake of the Asian financial crisis, suggests additional steps that must be taken, and evaluates the implications for U.S. policy.

2018 Development Effectiveness Review

2018 Development Effectiveness Review PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292615955
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
This publication examines the performance of the Asian Development Bank in achieving the goals of Strategy 2020, one of the institution's long-term planning documents. It tracks recent development progress in Asia and the Pacific, assesses ADB's development effectiveness, and identifies areas where ADB's performance needs to be strengthened. The 2018 Development Effectiveness Review is the 12th in a series of yearly reports.

China's Banking System: Issues for Congress

China's Banking System: Issues for Congress PDF Author: Michael Martin
Publisher: CreateSpace
ISBN: 9781481846400
Category :
Languages : en
Pages : 52

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Book Description
China's banking system has been gradually transformed from a centralized, government-owned and government-controlled provider of loans into an increasingly competitive market in which different types of banks, including several U.S. banks, strive to provide a variety of financial services. Only three banks in China remain fully government-owned; most banks have been transformed into mixed ownership entities in which the central or local government may or may not be a major equity holder in the bank.

Monetary and Exchange System Reforms in China

Monetary and Exchange System Reforms in China PDF Author: Mr.Bernard Laurens
Publisher: International Monetary Fund
ISBN: 9781557755629
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.

Emerging Market Economies and Financial Globalization

Emerging Market Economies and Financial Globalization PDF Author: Leonardo E. Stanley
Publisher: Anthem Press
ISBN: 1783086750
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.

Catalyzing Green Finance

Catalyzing Green Finance PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292578561
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
A large financing need challenges climate-adjusted infrastructure in developing Asia, estimated at $26 trillion till 2030. This necessitates crowding-in private sources to meet financing, efficiency, and technology gaps. However, a lack of bankable projects is a major hurdle. This publication suggests one possible innovative financing approach. The Green Finance Catalyzing Facility (GFCF) proposes a blended finance framework for governments and development entities to better leverage development funds for risk mitigation, generate a pipeline of bankable green infrastructure projects, and directly catalyze private finance. The GFCF provides useful inputs for the current debate on mainstreaming green finance into country financial systems.

Global Development Finance 2006

Global Development Finance 2006 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 0821366238
Category : Banks and Banking Reform
Languages : en
Pages : 702

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Book Description
"International private capital flows to developing countries reached a record net level of $491 billion in 2005. This surge in private capital flows offers national and international policy makers a major opportunity to bolster development efforts if they can successfully meet three challenges. The first is to ensure that more countries, especially poorer ones, enhance their access to developmentally beneficial international capital through improvements in their macroeconomic performance, investment climate, and use of aid. The second is to avoid sudden capital flow reversals by redressing global imbalances through policies that recognize the growing interdependencies between developed and developing countries' financial and exchange rate relations in the determination of global financial liquidity and asset price movements. And the third is to ensure that development finance, both official and private, is managed judiciously to meet the development goals of recipient countries while promoting greater engagement with global financial markets. These are the themes and concerns of this year's edition of Global Development Finance. Vol I. Anlaysis and Statistical Appendix reviews recent trends in financial flows to developing countries. Vol II. Summary and Country Tables* includes comprehensive data for 138 countries, as well as summary data for regions and income groups."

The 88 Queensway Group :.

The 88 Queensway Group :. PDF Author: Lee Levkowitz
Publisher:
ISBN:
Category :
Languages : en
Pages :

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China Alone

China Alone PDF Author: Anne Stevenson-Yang
Publisher:
ISBN: 9780991145102
Category :
Languages : en
Pages : 153

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Book Description
A critical analysis of how concentrated power in China's political system enabled fast growth but is now making it impossible for the nation to modernize.