History, Culture and the Rise of Informal Finance in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook History, Culture and the Rise of Informal Finance in China write by Jinyan Hu. This book was released on 2017. History, Culture and the Rise of Informal Finance in China available in PDF, EPUB and Kindle.
History, Culture and the Rise of Informal Finance in China
History, Culture and the Rise of Informal Finance in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook History, Culture and the Rise of Informal Finance in China write by Jinyang Hu. This book was released on 2019. History, Culture and the Rise of Informal Finance in China available in PDF, EPUB and Kindle. This paper examines the long-term effect of historical financial institutions on the development of informal finance in contemporary China. By using data on 137 counties in north China, our analysis finds that the density of local financial institutions (qianzhuang and diandang) in the late Qing period (circa 1911) has a positive effect on the number and total assets of Small Loan Companies, a dominant institution of informal finance today. This finding is robust to the inclusion of a variety of confounding variables and instrumenting historical financial institutions using the frequency of crop failures in the Qing period. We also find that the persistent effect of historical financial institutions can be explained by Confucian culture, which instills integrity, lineage solidarity and acquaintance networks.
Informal Finance in China
Informal Finance in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Informal Finance in China write by Jianjun Li. This book was released on 2009. Informal Finance in China available in PDF, EPUB and Kindle. Informal finance consists of nonbank financing activities, whether conducted through family and friends, local money houses, or other types of financial associations. It has provided much-needed financing to small and medium enterprises (SMEs) in particular, in the face of a tightly constrained and overburdened formal banking system. Unable to obtain a bank loan, firms have relied upon individuals and informal organizations outside of the banking system to obtain financing for their ventures or working capital (operating funds). Presently there is a scarcity of information on informal finance in China and it is expected to have a significant impact upon GDP and money supply. This book, with contributions from leading scholars, describes the evolution, characteristics, and variation of informal finance in China from American and Chinese perspectives. Literature by Jiang Shuxia, Jiang Xuzhao, and Li Jianjun has heretofore been available only in Chinese, while work by Kellee Tsai, Jianwen Liao, Harold Welsch, David Pistrui, and Sara Hsu has been available in English. For the first time, they come together to discuss informal financing and its many aspects. Most of the essays are based upon original survey research conducted locally, as this type of data is not normally collected by the government. The papers pioneer the description and analysis of the nuances of informal finance from several perspectives; the authors look at the social, cultural, political, and economic causes of informal finance, its many variations, and its economic, personal, and political ramifications.
Finance and Society in 21st Century China
Finance and Society in 21st Century China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Finance and Society in 21st Century China write by Junie T. Tong. This book was released on 2016-04-15. Finance and Society in 21st Century China available in PDF, EPUB and Kindle. In this revealing book Junie Tong reflects on the role of banking and finance in China. The author adopts a critical perspective that views the societal as well as economic functioning of banking and finance. Finance and Society in 21st Century China considers how far the modern economy is disconnected from Chinese culture and history and the problems this separation may cause. She questions the common assumption that China has outgrown its reliance on its Western counterparts. The author believes that the country is still very much dependent on exports and foreign investments and any radical or rapid reduction in either would have serious adverse consequences for China's sustainable economic growth. To provide a model for 'finance and society' that integrates culture and economy, Tong draws on the seminal work of Belgian economist, banker and social commentator, Bernard Lietaer, who has focused on cultural forces and the future of money in the world, generally. Using representative case studies for illustration, Tong applies Lietaer's work in a specifically Chinese context, highlighting the need to root finance and enterprise in the rhythms and forces within Chinese culture to avoid future chaos and achieve socio-economic stability in a country now so critical to global well-being.
History Of China's Financial Thought, A (In 2 Volumes)
History Of China's Financial Thought, A (In 2 Volumes) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook History Of China's Financial Thought, A (In 2 Volumes) write by Sui Yao. This book was released on 2023-07-26. History Of China's Financial Thought, A (In 2 Volumes) available in PDF, EPUB and Kindle. A History of China's Financial Thought presents the history and evolution of China's financial thought across its dynasties to the 20th century. Being the first work to cover both the ancient and modern ages, even going as far back as the Pre-Qin period, this comprehensive book fills in research gaps and provides the most thorough research into the history of China's financial thought, advancing the study of financial and economic history. It delves into a myriad of topics, such as monetary theory and banking systems, and collects diverse perspectives from thinkers across the different eras.This translation presents the history of China's financial thought in a pioneering and unique way, offering an instructive reading experience. It is an essential reference for students and scholars interested in China's finance, history and culture.
