China's Financial Fragility and Policy Responses

Yiping Huang · Yongzheng Yang

15 citations0/0 files storedAsian-Pacific Economic Literature

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Banking stability, regulation, efficiency Global Financial Crisis and Policies Economic, financial, and policy analysis

Abstract

This article discusses the problems facing China in the wake of the Asian financial crisis. Chinas has so far (September 1998) avoided devaluation of its currency, but growth has slowed down and much more economic reform is needed, especially of the fragile banking system. The article focuses on China's financial fragility and outlines the required policy measures.

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1992The order of economic liberalization: financial control in the transition to a market economy 1998China and the Asian Contagion 1987Macroeconomic policy and response in the chinese economy: The impact of the reform process 1995Financial System Reform in China: Lessons from Japan's Main Bank System 1992The money supply mechanism and monetary policy in China

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