China's Impossible Trinity (eBook)

Chi Lo is a senior economist with a multi-national bank based in Hong Kong. He was enlisted as a member of the International Who's Who Professionals in 2000 and 2011. He has extensive international research experience in economics, financial markets and public policy and standards development, covering North American and Asian economies. His other major appointments include Greater China Research Director at HSBC, Chief Economist (Northeast Asia) at Standard Chartered Bank in Hong Kong and Economic Advisor at the federal deposit insurance agency under the Canadian Government Department of Finance in Ottawa, Canada. He had also worked at blue chip investment banks and regulatory bodies in Canada, the UK and Asia.

Cover 1
Half Title 2
Title Page 4
Copyright Page 5
Dedication 6
Table of Contents 8
List of Figures 9
List of Tables 11
Foreword 12
Preface 14
List of Abbreviations 18
1 The Impossible Trinity in China 20
2 Opening a Can of Worms 35
3 Betting on the Role of the State 53
4 The Incentive Problem Standing in the Way 71
5 Power Struggle or Genuine Reform 89
6 From Financial Repression to Liberalisation 107
7 Monetary Policy Reform Fraught with Risks 128
8 Systemic Risk (I): Shadow Banks and Local Debt 148
9 Systemic Risk (II): Property-Market Bubble 165
10 China’s Future Monetary Policy 185
Notes 205
Bibliography 215
Index 219