Growth Without Crisis: China’s Modern Financial System explores the idea of “crisis-free growth” in China, and examines the fiscal and financial reasons for China’s economic success of the last 30 years. The Financial Policy Research Center looks at the relationship between economic growth, fiscal decentralization, local government behavior, and taxation. In addition, this book investigates the RMB equilibrium exchange rate and traces the political economic mechanism of exchange rate reform to explain the reasons for China’s economic growth. Growth Without Crisis: China’s Modern Financial System focuses on the role of China’s financial system as both a promoter and a stabilizer of the country’s economic growth.
Tax Burden in China: A Multi-Perspective Analysis
Re-interpreting the Modern Financial System: Theory and Choices Based on the Reality of China’s Endowments
Capital Fund of China’s State-owned Banks
Abnormal Relations between Stock Market and Economic Growth: Theoretical and Empirical Evidence of China
Preference of Chinese Listed Companies for Equity Financing: Evidence and Analysis
About the Author
The Financial Policy Research Center of the Renmin University of China conducted a series of studies on important financial issues in China, such as fiscal and monetary policies, rural financial reforms, venture investment, financial management and economic development, design of the public financial framework, governance structure of commercial banks, opening up of the capital market, and other related issues. The Center provides for the development of financial theories in China through the application of modern economic research techniques.