View in EDS PDF Full Text ePub Full Text

The Rise of the People’s Bank of China : The Politics of Institutional Change

Saved in:
Bibliographic Details
Title: The Rise of the People’s Bank of China : The Politics of Institutional Change
Description: With $4.5 trillion in total assets, the People's Bank of China now surpasses the U.S. Federal Reserve as the world's biggest central bank. The Rise of the People's Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China.Stephen Bell and Hui Feng trace the bank's ascent to Beijing's policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC—benefitting from political patronage and perceptions of its unique professional competency—found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China's exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People's Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.
Authors: Stephen Bell, Hui Feng
Resource Type: eBook.
Subjects: Monetary policy--China, Banks and banking--China
Categories: BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & ECONOMICS / Money & Monetary Policy, HISTORY / Asia / China, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / World / Asian
Database: eBook Collection (EBSCOhost)
FullText Links:
  – Type: ebook-pdf
  – Type: ebook-epub
Text:
  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 520783
RelevancyScore: 1051
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1050.81640625
IllustrationInfo
ImageInfo – Size: thumb
  Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$520783$PDF&s=r
– Size: medium
  Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$520783$PDF&s=d
Items – Name: Title
  Label: Title
  Group: Ti
  Data: The Rise of the People’s Bank of China : The Politics of Institutional Change
– Name: Abstract
  Label: Description
  Group: Ab
  Data: With $4.5 trillion in total assets, the People's Bank of China now surpasses the U.S. Federal Reserve as the world's biggest central bank. The Rise of the People's Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China.Stephen Bell and Hui Feng trace the bank's ascent to Beijing's policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC—benefitting from political patronage and perceptions of its unique professional competency—found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China's exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People's Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Stephen+Bell%22">Stephen Bell</searchLink><br /><searchLink fieldCode="AR" term="%22Hui+Feng%22">Hui Feng</searchLink>
– Name: TypePub
  Label: Resource Type
  Group: TypPub
  Data: eBook.
– Name: Subject
  Label: Subjects
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Monetary+policy--China%22">Monetary policy--China</searchLink><br /><searchLink fieldCode="DE" term="%22Banks+and+banking--China%22">Banks and banking--China</searchLink>
– Name: SubjectBISAC
  Label: Categories
  Group: Su
  Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Banks+%26+Banking%22">BUSINESS & ECONOMICS / Banks & Banking</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Money+%26+Monetary+Policy%22">BUSINESS & ECONOMICS / Money & Monetary Policy</searchLink><br /><searchLink fieldCode="ZK" term="%22HISTORY+%2F+Asia+%2F+China%22">HISTORY / Asia / China</searchLink><br /><searchLink fieldCode="ZK" term="%22POLITICAL+SCIENCE+%2F+Political+Economy%22">POLITICAL SCIENCE / Political Economy</searchLink><br /><searchLink fieldCode="ZK" term="%22POLITICAL+SCIENCE+%2F+World+%2F+Asian%22">POLITICAL SCIENCE / World / Asian</searchLink>
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=520783
RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 332.110951
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Monetary policy--China
        Type: general
      – SubjectFull: Banks and banking--China
        Type: general
    Titles:
      – TitleFull: The Rise of the People’s Bank of China : The Politics of Institutional Change
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Stephen Bell
      – PersonEntity:
          Name:
            NameFull: Hui Feng
      – PersonEntity:
          Name:
            NameFull: Stephen Bell
      – PersonEntity:
          Name:
            NameFull: Hui Feng
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2013
            – D: 04
              M: 02
              Type: profile
              Y: 2014
          Identifiers:
            – Type: isbn-print
              Value: 9780674072497
            – Type: isbn-electronic
              Value: 9780674073593
            – Type: isbn-electronic
              Value: 9780674073616
          Titles:
            – TitleFull: The Rise of the People’s Bank of China : The Politics of Institutional Change
              Type: main
ResultId 1