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Financial Security in ChinaThe Hidden Dangers and Risks to China’s Currency Security

Financial Security in China: The Hidden Dangers and Risks to China’s Currency Security [Since the 1980s, new changes have emerged in the economic cycles of world economies. Demand management policies have ironed out cyclical fluctuations, lengthening economic cycles and making them less notable. In contrast, changes in financial markets are more significant. Asset prices often fluctuate sharply over fundamentals, and large-scale international cross-border capital flows bring about debt crises and currency crises. In the operation of the financial system, structure, behavior, regulation, and other factors exhibit procyclical features, amplifying and accelerating small shocks and causing severe economic fluctuations. The impact of financial factors on the real economy is more and more significant and lasting, with the resulting instability changing to the financial side. The cyclical characteristics of finance and economics are more prominent, and any factor affecting financial stability and security may threaten economic security. Financial security has become the core of economic security.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Financial Security in ChinaThe Hidden Dangers and Risks to China’s Currency Security

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press and Springer Science+Business Media Singapore 2016
ISBN
978-981-10-0967-9
Pages
19 –31
DOI
10.1007/978-981-10-0969-3_2
Publisher site
See Chapter on Publisher Site

Abstract

[Since the 1980s, new changes have emerged in the economic cycles of world economies. Demand management policies have ironed out cyclical fluctuations, lengthening economic cycles and making them less notable. In contrast, changes in financial markets are more significant. Asset prices often fluctuate sharply over fundamentals, and large-scale international cross-border capital flows bring about debt crises and currency crises. In the operation of the financial system, structure, behavior, regulation, and other factors exhibit procyclical features, amplifying and accelerating small shocks and causing severe economic fluctuations. The impact of financial factors on the real economy is more and more significant and lasting, with the resulting instability changing to the financial side. The cyclical characteristics of finance and economics are more prominent, and any factor affecting financial stability and security may threaten economic security. Financial security has become the core of economic security.]

Published: Jul 6, 2016

Keywords: Monetary Policy; Central Bank; Asset Price; Real Estate Price; Credit Expansion

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