History is No Guide: Towards Greatly Expanded Financial Sector Regulation (In Chinese)

Abstract

A Chinese language, partial, translation of a much longer paper addressing the roots of the Global Financial Crisis 2008-2009, examining proposed structural and regulatory remedies worldwide but with particular reference to the PRC financial sector and its pre-Financial Crisis reform program, and advocating for increased liberalization in the PRC, but renewed macro-prudential regulation globally.

Note: Downloadable document is in Chinese.

Keywords: Global Financial Crisis, financial sector, banks, proprietary trading, prudential regulation, PRC

JEL Classification: N2