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Impossible trinity in China -- Opening a can of worms -- Betting on the role of the state -- Incentive problem standing in the way -- Power struggle or genuine reform -- From financial repression to liberalisation -- Monetary policy reform fraught with risks -- Systemic risk (I): shadow banks...
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's Convertibility Plan "Currency Board" system) brought price stability and growth to the country, the inability or unwillingness of the … finance, was left unresolved through the rapid growth of indebtedness under the Convertibility Plan. From 1999 on the …
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erhebliches Kopfzerbrechen; insbesondere Rußland scheint vor beinahe unlösbaren wirtschaftlichen und politischen Problemen zu …
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Preface -- A historical prologue -- Currency concepts -- Capital account opening -- The exchange rate regime -- The RMB … goes global -- Reserve currency -- The mirage of safety -- Could China stumble? -- Rising global influence -- Conclusion …
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