Informal finance in China : American and Chinese perspectives / edited by Jianjun Li and Sara Hsu.

Format:

Book

Contributor:

Li, Jianjun, editor.

Hsu, Sara, editor.

Language:

English

Subjects (All):

Finance--China.

Finance.

Financial institutions--China.

Financial institutions.

Informal sector (Economics)--China.

Informal sector (Economics).

Physical Description:

1 online resource (216 p.)

Place of Publication:

New York ; Oxford : Oxford University Press, c2009.

Language Note:

English

Summary:

This is a compilation of chapters written by leading scholars on informal, or non-bank, finance in China. Presently there is a scarcity of information on informal finance in China, and yet by heavily interacting with bank financing and production, informal finance is estimated to have a significant impact upon GDP and the money supply.

Contents:

Contents; List of Figures; List of Tables; List of Abbreviations; List of Contributors; 1. Introduction; Informal Finance in the Literature; Chinese Informal Finance; Banking Reforms in the Formal Financial Sector; Overview of Chapters; 2. The Evolution of Informal Finance in China and Its Prospects; The Economic Influence of Informal Finance in China; The Historical Evolution of Informal Finance in China; The Fundamental Defects of Informal Financial Institutions in China; The Features of Societal Transition in Informal Finance in China

Cause of the Distortion of Informal Finance in China-Culture LagThe Potential of Informal Finance as a Financial Industry in China; The Scale of Informal Finance-Local Investigations; Reforming the Formal and Informal Financial Systems; The Development Opportunities and the Future of Informal Finance in China; 3. Informal Finance, Underground Finance, Illegal Finance, and Economic Movement: A National Analysis; Background; Definition, Types, and Cases of Unobserved Finance; National Survey on Unobserved Finance; The Scale of Nonbank Financing in China

China's Informal Finance Interest Rate LevelAnalysis of Unobserved Financial Funds Industrial Inflow Patterns; Conclusions and Implications; 4. A Comparative Analysis of Regional Informal Financial Organizations in China; The Main Types of Informal Financial Organizations in Northern China; The Main Types of Informal Financial Organizations in Southern China; Other Types of Informal Finance in China; Underground Insurance Markets in Southern and Northwestern China

Trader's Credit, Micro Nongovernmental Loans, and Rural Mutual Savings Funds: Transitional Forms from Informal Finance to Formal FinanceUsury, Illegal Underlying Capital Companies, and Money Brokers; Conclusion; 5. Beyond Banks: The Local Logic of Informal Finance and Private Sector Development in China; Financing the Private Sector Informally (and Illegally) in China; The Political Economy of Local Variation in Informal Finance; Explaining Local Variation in Informal Finance; Conclusion; 6. New Venture Financing: An Empirical Investigation of Chinese Entrepreneurs

Existing Research in Venture FinancingVenture Financing in China; Research Methodology; Results; Discussion; Conclusion; 7. Is Informal Finance Faster, Cheaper, and Better than Formal Finance? A Study of Small and Medium Enterprises in Shanghai and Nanjing; China's Financial Market Segmentation; Transactions, Financial, and Physical Cost Model; Survey Methodology; The Average Firm; Number of Informal and Formal Loans; Transactions, Financial, and Physical Costs; Implications of Study; Policy Recommendations; Conclusion; 8. Conclusion: Regulating Informal Finance in China

The Economic Effects of Informal Finance

Notes:

Includes index.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

0-19-970141-5