CHINA – FINANCIAL CRISIS AND CHINESE ECONOMY

Dianqing Xu
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Dianqing Xu: Department of Economics, Huron College, University of Western Ontario, 1349 Western Road, London, ON, N6G 1H3, Canada

Chapter 3 in From Crisis to Recovery:East Asia Rising Again?, 2001, pp 47-99 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:INTRODUCTIONTHE BASIC THEORETICAL FRAMEWORK TO ANALYZE THE FINANCIAL CRISISTwo Types of DevaluationEquilibrium of the Foreign Exchange MarketDETERMINANTS OF THE FOREIGN EXCHANGE MARKETForeign Currency Reservation and Surplus on Current Account (FR+NX)Debt Structure and Foreign Debt (FD)The Capital Inflow (NL)Capital Outflow (KO)Foreign Speculative Demands (SD)Amplifying Effect of External Shock (α)Degree of Security of China's Financial SystemPROS AND CONS OF ACTIVE DEVALUATIONBenefit and Cost of China to Actively Devaluate Its CurrencyTwo Pressures on China's Exchange RatesShrinking Asian Market Reduces China's ExportWhen Should China Adjust Their Exchange Rate?NON-PERFORMING LOANS IN BANKING SECTORThe Bubble Economy in ChinaNon-Performing Loan in China's Banking SystemNon-Performing Loan and SOE ReformThe Amount of Dead Loans and an Estimation of the Assets of SOEsDifferent Shocks of Two Kinds of Non-Performing LoanCan the Stock Market help China's SOEs or Stimulate the Domestic Market?REQUIREMENTS FOR FIGHTING THE FINANCIAL CRISISRules of the Game for International Financial MarketsImprovement of the Management of the Capital Flow on the International Financial MarketThe Tobin's TaxSpeed of Reforming the State Owned EnterprisesMoral HazardOpen the Financial Market Step by StepReferences

Keywords: Bubble Economy; Crisis Management; Excess Investment; external Debt; Financial Crisis; Government Intervention; international Speculation; Moral Hazard; Non-Performing Loans; Nepotism between Politicians and Enterprises (search for similar items in EconPapers)
Date: 2001
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