Informal Finance in China: American and Chinese Perspectives - Couverture rigide

Couverture rigide

ISBN 10 : 0195380649 ISBN 13 : 9780195380644

Editeur : Oxford University Press Inc, 2009

Synopsis

Informal finance consists of nonbank financing activities, whether conducted through family and friends, local money houses, or other types of financial associations. It has provided much-needed financing to small and medium enterprises (SMEs) in particular, in the face of a tightly constrained and overburdened formal banking system. Unable to obtain a bank loan, firms have relied upon individuals and informal organizations outside of the banking system to obtain financing for their ventures or working capital (operating funds). Presently there is a scarcity of information on informal finance in China and it is expected to have a significant impact upon GDP and money supply.

This book, with contributions from leading scholars, describes the evolution, characteristics, and variation of informal finance in China from American and Chinese perspectives. Literature by Jiang Shuxia, Jiang Xuzhao, and Li Jianjun has heretofore been available only in Chinese, while work by Kellee Tsai, Jianwen Liao, Harold Welsch, David Pistrui, and Sara Hsu has been available in English. For the first time, they come together to discuss informal financing and its many aspects.

Most of the essays are based upon original survey research conducted locally, as this type of data is not normally collected by the government. The papers pioneer the description and analysis of the nuances of informal finance from several perspectives; the authors look at the social, cultural, political, and economic causes of informal finance, its many variations, and its economic, personal, and political ramifications.

A propos du livre

À propos de l'auteur

Jianjun Li is Professor of Finance at Central University of Finance and Economics in Beijing, China. He has published seven books and one hundred papers on informal finance, monetary policy, banking performance measurement, financial crisis, financial reform, and liberalization.

Sara Hsu is Visiting Assistant Professor at Trinity University in San Antonio, Texas. Her areas of interest include development economics, China's economy, informal finance, and international economics.

Détails de l'édition

• Éditeur: Oxford University Press Inc
• Date d'édition: 2009
• Langue: anglais
• ISBN 10: 0195380649
• ISBN 13: 9780195380644
• Reliure: Relié
• Nombre de pages: 216
• Éditeur: Li Jianjun, Hsu Sara
• Coordonnées du fabricant: non disponible
• Personne responsable: Ufficio Anagrafiche Messaggerie; ufficio.anagrafiche@meli.it; ; Via Verdi, 8; Assago Milano; 20090; Italie