China's Changing Financial System: Can It Catch Up With, or Even Drive Growth

James Barth and Gerard Caprio

No 2007-PB-05, NFI Policy Briefs from Indiana State University, Scott College of Business, Networks Financial Institute

Abstract: Throughout the past three decades of fast growth, China has undergone tremendous structural changes in its economy. There has been significant and continuing industrialization, urbanization and integration into the world economy. The financial system has also undergone major changes, with the People's Bank of China (PBOC) ending its monopoly of the banking sector and being recast as the nation's central bank in the late 1970s and early 1980s. The purpose of this paper is to examine in some detail China's changing financial system so as to assess whether it can catch up with, or even drive economic growth.

Keywords: China; financial regulation; financial system (search for similar items in EconPapers)
Pages: 51 pages
Date: 2007-03
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Citations: View citations in EconPapers (1)

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