Financial Market Reform In China

Acknowledgments -- List of contributors -- Foreword: Central Bank Credibility, Inflation, and Financial Reform /Robert Perry – 1 An Overview of China's Financial Markets: Progress, Problems and Prospects / Baizhu Chen, J. Kimball Dietrich and Yi Feng -- China and the Asian Financial Contagion / Nicholas R. Lardy -- 3 Roots of the Financial Crisis in Asia and Implications for China / Jianping Zhou -- 4 Why Has China Survived the Asian Crisis So Well: What Risks Remain? / John G. Fernald and Oliver D. Babson -- 5 Capital Account Liberalization: Sequencing and Implications / YiFeng -- 6 What Lessons US Financial Markets Can Provide to China / J. Kimball Dietrich -- 7 Political Power Transitions and Chinese Economic Policy / Brian Buford-Efird -- 8 Financial Development and Macroeconomic Stability in China / Barry Naughton -- 9 Money Market in China / Hong Chang, Baizhu Chen, and Yang Li -- 10 Credit Quota as a Banking Risk Control in China: A Retrospect /Ding Lu and Qiao Yu – 11 Noise Trading in the Chinese Stock Market / Shang-Jin Wei -- 12 Explaining IPO Underpricing in China / Dongwei Su and Belton M. Fleisher -- 13 China's Experience with Indexed Government Bonds, 1988-1996 / Richard C. K. Burdekin and Xiaojin Hu -- 14 Trust and Investment Corporations in China / Zhaohui Hong and Ellen Y. Yan -- 15 Lessons from a Survey of Urban Credit Cooperatives in China / Eric Girardin and Stephen Bazen – 16 Improving Access to Credit in Rural China / Wing Thye Woo -- 17 Restructuring China's State-Owned Enterprises: A Corporate Governance Perspective / TianZhu -- 18 Insider Control, Corporate Governance, and the Soft Budget Constraint: Theory, Evidence, and Policy Implications / David Li -- 19 Transparency and China's Aspirations / Hilton Root – 20 Provincial Distribution of Direct Foreign Investment in China, 1992-1996: A Pooled Time Series Empirical Study / Yi Feng and Hui Zhang.