Recovering Financial Systems - China and Asian Transition Economies-
Palgrave Macmillan IDE-JETRO Series
This volume explores what happened in the Asian transition economies of China, Vietnam and Myanmar from both macro and micro perspectives. These economies opted for the gradual transition approach rather than the big bang approach that Russia and some CIS economies took. This ensured that institutional change was possible, unlike with the big bang approach. However the processes organized are done so by the governments, the same entities responsible for the planning during the planned economic eras, and whose incentive to reform may be debatable. This book questions whether these governments are capable of implementing effective reform and transformation.
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List of Figures
List of Tables
Introduction: From Government Allocation to Market Adjustment; M.Watanabe
PART 1: MACRO PERFORMANCE: HOW HAS THE GOVERNMENT AFFECTED MACRO PEFORMANCE?
Macroeconomic Stability and Seigniorage for Fiscal Revenue: East Asia versus Eastern Europe and the CIS; K.Kimura
The Effects of Changes of Policy Tool during the Transition Period in China; M.Kodama
The Inter-provincial Capital Flows During the Transition Period of China; S.Watanabe
PART 2: MICRO AGENTS: TRANSFORMATION OF THE BEHAVIOURAL PRINCIPLE
Trade Credit and Imperfect Enforcement; N.Yanagawa
Trade Credit and Chinese Law; O.Takamizawa
Determinants of Trade Credit in China: An Empirical Investigation; S.Itoh
Determinants of Debt, Bank Loan, Trade Credit of Private Firms in the Transition Period: The Case of Myanmar; F.Mieno
Household Savings Decision and Institutional Development: The Case of Rural Households in China; H.Hoken
Repression of the Banking Sector in the Transition to a Market-Based Economy: The Case of Vietnam; K.Kubo
Improving Corporate Governance and Regulations on Power Abuse by Controlling Shareholders in China; J.Zhou
The State as 'Expropriating' Concentrated Owner in China; M.Watanabe