Financial Theory: Perspectives from China.pdf
China is now the second largest economy in the world, with an increasingly efficient and open financial system. Many firms, agents and financial institutions have realized the potential in making money in China. Financial Theory: Perspectives from China serves as a timely textbook providing a unique introduction to economics theory, with a focus on money, banking and financial systems, through examples based mainly on China's financial practices. It contains up-to-date developments of theory and practices, as well as various interesting stories on China's financial system. Topics such as financial institutions, capital markets, debt securities markets, mutual fund markets, money markets, foreign exchange and financial derivative markets are discussed in depth. Financial theories are supplemented with illustrations from China's money supply mechanism and monetary policy system, China's financial regulatory and supervision system, as well as China's financial system and how it has liberalized and opened up to the rest of the world. Readers will find detailed examinations of financial theories, exemplified and reinforced by the inclusion of different financial cases and phenomena, each intriguing in their own right. This book provides readers with a deeper understanding of China's financial practices, providing vital knowledge for investing in China and engaging businesses there. Undergraduate students in economics and finance and those keen on becoming a player in China's financial markets will no doubt find this volume useful and necessary.
Money, Monetary Systems and Statistics; Savings, Investment and the Transforming Mechanism: Function of Financial System and Asymmetric Information in Financial Activities; Time Value of Money; Time Allocation of Resources; Assets Choices and Risk Management; Finance Channels of those in Shortage of Funds: Theory of a Firm's Financing Structure; China's Financial Institutions and Organizations; Commercial Banks; Long-Term Capital Markets; Short-Term Money Market; Foreign Exchange Market; Financial Derivatives Market; Money Supply; Money Demand; Interest Rate Determination and Structure; Inflation and Deflation; Exchange Rate Determination and Its System; Payment; Determination of National Income and Product; Central Bank and Monetary Policy; Financial Development and Structure; Financial Reform and Liberalization; Financial Crises; Financial Regulation and Supervision.