Financial theory : perspectives from China / by Xingyun Peng.

Format:

Book

Author/Creator:

Peng, Xingyun, author.

Language:

English

Subjects (All):

Finance.

Finance--China.

Economics.

Economics--China.

Physical Description:

1 online resource (707 p.)

Place of Publication:

New Jersey : World Century, [2015]

Language Note:

English

Summary:

"China is now the second largest economy in the world, with an increasingly efficient and open financial system. Many firms, agents and financial institutions have realized the potential in making money in China. Financial Theory: Perspectives from China serves as a timely textbook providing a unique introduction to economics theory, with a focus on money, banking and financial systems, through examples based mainly on China's financial practices. It contains up-to-date developments of theory and practices, as well as various interesting stories on China's financial system. Topics such as financial institutions, capital markets, debt securities markets, mutual fund markets, money markets, foreign exchange and financial derivative markets are discussed in depth. Financial theories are supplemented with illustrations from China's money supply mechanism and monetary policy system, China's financial regulatory and supervision system, as well as China's financial system and how it has liberalized and opened up to the rest of the world. Readers will find detailed examinations of financial theories, exemplified and reinforced by the inclusion of different financial cases and phenomena, each intriguing in their own right. This book provides readers with a deeper understanding of China's financial practices, providing vital knowledge for investing in China and engaging businesses there. Undergraduate students in economics and finance and those keen on becoming a player in China's financial markets will no doubt find this volume useful and necessary."-- Provided by publisher.

Contents:

""Contents""; ""Foreword""; ""Acknowledgments""; ""Preface""; ""Why choose this book for learning the principles of finance?""; ""What are the benefits of using this book?""; ""How should you use this book?""; ""Contact the author""; ""Part I. Introduction""; ""1. Money, Monetary Systems, and Statistics""; ""1.1 Definition of Money""; ""1.2 The Functions of Money""; ""1.2.1 Medium of Exchange""; ""1.2.2 Unit of Account""; ""1.2.3 Means of Payment""; ""1.2.4 Store of Value""; ""1.3 Types of Money""; ""1.3.1 Full-Bodied Commodity Money""; ""1.3.2 Commodity-Backed Money""; ""1.3.3 Fiat Money""

""1.3.4 Electronic Money""""1.4 Monetary System""; ""1.4.1 What is the Monetary System?""; ""1.4.2 Types of Monetary Systems""; ""1.4.3 The Chinese Monetary System""; ""1.5 Monetary Measurements and Aggregates: Money and Quasi-Money""; ""1.5.1 Different Methods for Defining Money""; ""1.5.2 Monetary Aggregates""; ""1.5.3 Monetary Structure""; ""Summary""; ""Key Terms""; ""Critical Thinking Questions""; ""2. Financial System""; ""2.1 Lender-Savers and Borrower-Spenders""; ""2.2 Mechanism Linking Lender-Savers with Borrower-Spenders""; ""2.3 Functions of Financial System""

""2.3.1 Reduce Transaction Cost""""2.3.2 Time-Space Conversion""; ""2.3.3 Liquidity and Investment Continuity""; ""2.3.4 Risk Sharing""; ""2.3.5 Clearing and Payment""; ""2.3.6 Supervision and Incentive""; ""2.4 Financial Instruments""; ""2.4.1 Financial Instruments and Financial Assets""; ""2.4.2 Typical Financial Instruments""; ""2.4.3 Characteristics of Financial Instruments""; ""2.5 Information Asymmetry in Financial System""; ""2.5.1 Information Asymmetry and Its Basic Issues: Adverse Selection and Moral Hazard""; ""2.5.2 Solutions to Information Asymmetry""; ""Summary""; ""Key Terms""

""Critical Thinking Questions""""3. Time Value of Money""; ""3.1 Time Value of Money and its Calculation""; ""3.1.1 What is Time Value of Money?""; ""3.1.2 Calculating the Time Value of Money""; ""3.2 Calculating Compound Interest and Future Value""; ""3.2.1 Compound Interest and Future Value""; ""3.2.2 Future Value of Annuity""; ""3.3 Present Value and the Present Value of an Annuity""; ""3.3.1 Present Value and Discount""; ""3.3.2 Present Value of an Annuity""; ""3.3.3 The Present Value of Perpetuity""; ""3.3.4 How Much isYour Monthly Mortgage Payment?""

""3.4 Combining the Present and Future Value of an Annuity: Pension Plans""""3.5 Effects of Inflation and the Interest Tax""; ""3.5.1 Inflation, Interest Taxes, Future Value, and Savings Plans""; ""3.5.2 Inflation, Interest Taxes, Present Value, and Savings Plans""; ""Summary""; ""Key Terms""; ""Critical Thinking Questions""; ""4. Time Allocation of Resources: Whether to Save or Spend""; ""4.1 Nature and Forms of Savings""; ""4.1.1 The Nature of Savings""; ""4.1.2 Forms of Savings""; ""4.2 The Motivation to Save""; ""4.2.1 Transaction Motive""; ""4.2.2 Precautionary Motive""

""4.2.3 Investment Motive""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-938134-32-X