SHERP

Financial Reform in China

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Authors
Pomfret, Richard
Issue Date
1992
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 5 (No. 4 1992): 351-374
Keywords
open door policy; RMB; Chinese economic reform
Abstract
The paper analyzes the place of financial reform in China's economic reforms since 1978. While international transactions were gradually freed in response to the needs of the open door policy, domestic financial markets remained repressed through the 1980s. The reform process has created pressures for financial reform, which is difficult to undertake piecemeal because financial markets are interconnected. Attempts at gradual reform had little impact in the financial sector, and in 1990 and 1991 more far-reaching reforms were initiated. Developments during the early 1990s in bond and equity markets and in banking reform are described and evaluated.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/979
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.05(4) (Winter1992)
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