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

Networks Financial Institute Policy Brief No. 2007-PB-05

51 Pages Posted: 16 May 2007  

James R. Barth

Auburn University; Milken Institute

Gerard Caprio Jr.

Williams College

Multiple version iconThere are 2 versions of this paper

Date Written: March 2007

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

Suggested Citation

Barth, James R. and Caprio, Gerard, China's Changing Financial System: Can it Catch Up With, or Even Drive Growth (March 2007). Networks Financial Institute Policy Brief No. 2007-PB-05. Available at SSRN: https://ssrn.com/abstract=985580 or http://dx.doi.org/10.2139/ssrn.985580

James R. Barth (Contact Author)

Auburn University ( email )

415 West Magnolia Avenue
Auburn, AL 36849
United States
334-844-2469 (Phone)
334-844-4960 (Fax)

Milken Institute ( email )

1250 Fourth Street
Santa Monica, CA 90401
United States

Gerard Caprio Jr.

Williams College ( email )

Williamstown, MA 01267
United States
413-597-2465 (Phone)
413-597-4045 (Fax)

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