Role of capital market development in China's pursuit of long-term economic growth

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Title Role of capital market development in China's pursuit of long-term economic growth
Publication Type honors thesis
School or College College of Social & Behavioral Science
Department Economics
Author Calder, David Oblad
Date 2009-08
Description Central to the direction China will take in the future is the role of capital markets within a bank-centered financial structure, and its continued development is the country's most important task for stimulating long term economic growth. This paper first introduces the models of financial structure from the developed world and surveys the experience of three relevant European transition economies. Next, the paper presents a brief historical overview of Chinese capital markets in the context of the last century. A description and analysis of the current efficacy of the Chinese financial system is then offered, followed by an examination of the system's ability to allocate risk and wealth. In conclusion, significant changes are recommended for the country's banking system as a means to supply capital to a rising entrepreneurial class. Policies and economic reforms in venture capital and private equity alongside of capital market improvements will spur balanced growth in the short and long term.
Type Text
Publisher University of Utah
Subject Financial structure; Transitional economy
Dissertation Institution University of Utah
Dissertation Name Honors BA
Language eng
Relation is Version of Digital reproduction of "Role of capital market development in China's pursuit of long-term economic growth" J. Willard Marriott Library Special Collections HG139.5 2009 .C35
Rights Management © David Oblad Calder, To comply with copyright, the file for this work may be restricted to The University of Utah campus libraries pending author permission.
Format application/pdf
Format Medium application/pdf
Format Extent 196,901 bytes
Identifier us-etd2,152051
Source Original: University of Utah J. Willard Marriott Library Special Collections
Conversion Specifications Original scanned on Epson GT-30000 as 400 dpi to pdf using ABBYY FineReader 9.0 Professional Edition.
ARK ark:/87278/s63490ww
Setname ir_etd
ID 192595
Reference URL https://collections.lib.utah.edu/ark:/87278/s63490ww
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