Title: Evolution of China's financial system and its impact on economic development
Authors: Lino Sau
Addresses: Department of Economics, University of Turin, Italy
Abstract: In this paper, I try to show and emphasise how China has adopted alternative economic policies in the transition and in the evolution of its financial system. In fact, the step by step or gradualism approach followed is in contrast to the fashionable idea that indiscriminately prescribes market-oriented financial system architecture to emerging and transition economies, and is, I believe, more close to the financial policies recommended by Post-Keynesians.
Keywords: China; financial systems; financial market development; financial liberalisation; post-Keynesian economics; economic development; transition economies; financial policy.
International Journal of Economic Policy in Emerging Economies, 2012 Vol.5 No.1, pp.1 - 15
Received: 10 Mar 2010
Accepted: 07 Mar 2011
Published online: 15 Nov 2014 *