China's Financial Stability

Inherent Logic and Basic Framework

Triggered by the US subprime mortgage crisis in 2007, the Financial Tsunami is the most serious global financial crisis since the Great Depression. This book studies financial stability in terms of its determining factors, causal mechanisms and institutional requirements. It aims at understanding how to construct a mechanism for maintaining long-term financial stability.

The book focuses on economic analysis of the understanding what China can and should do to safeguard its economic and financial stability. In its assessment and discussion of financial stability in China, this book takes full account of China's specific conditions and constructs an index system for the country. It also reflects on the country's monetary policy, government functions and behavior, fluctuations in real estate prices, and financial security network design.

The book contributes to better understanding of financial stability in transition economies. It proposes a systematic solution to financial instability in China and strategies for building a mechanism to maintain financial stability in the country.

Contents:

• Financial Stability: Research Framework and Current Theories
• Monetary Policy and Financial Stability: From the Perspective of Financial Accelerator
• Government's Function and Financial Stability
• Real Estate Price Fluctuation and Financial Stability
• China's Financial Stability: Standards and Methods of Measurement
• Financial Safety Net and Financial Stability

Readership: Academics, policy makers, undergraduate and graduate students interested in financial crisis, China's financial system and financial stability.
Key Features:

• Analyzes panaromically China's financial stability based on the inner connection between China's main financial system and financial stability
• Presents the latest systematic research results from Chinese scholars as the first book of its kind on this topic