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Imbalance and Rebalance

To Create a New Framework of Global Governance

  • Book
  • © 2017

Overview

Authors:
  1. Yang Li

    1. Chinese Academy of Social Sciences, Beijing, China

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    You can also search for this author in PubMed   Google Scholar

  2. Xiaojing Zhang

    1. Chinese Academy of Social Sciences, Beijing, China

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    You can also search for this author in PubMed   Google Scholar

  • Authored by the most prominent economists in contemporary China.

  • Explores the riddle of China’s current economic development.

  • Features cutting-edge data, illustrations and materials.

  • Includes supplementary material: sn.pub/extras

  • 2610 Accesses

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Global Imbalances: From the Monetary Perspective

    1. Front Matter

      Pages 1-4
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    2. The Rise and Fall of Monetary Hegemony

      • Yang Li, Xiaojing Zhang
      Pages 5-30

    3. The Warring States

      • Yang Li, Xiaojing Zhang
      Pages 31-61

  3. Global Imbalances: From the Perspective of Real Economy

    1. Front Matter

      Pages 63-65
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    2. Transformation of International Division of Labor and Global Imbalances

      • Yang Li, Xiaojing Zhang
      Pages 67-95

    3. Innovation of Technology, Changes in Productivity, and Global Imbalances

      • Yang Li, Xiaojing Zhang
      Pages 97-116

  4. From Imbalances to Financial Crisis

    1. Front Matter

      Pages 117-118
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    2. Internal and External Imbalances and Currency Hegemony

      • Yang Li, Xiaojing Zhang
      Pages 119-149

  5. The Mechanism of Rebalancing

    1. Front Matter

      Pages 151-153
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    2. Two Myths of Rebalancing

      • Yang Li, Xiaojing Zhang
      Pages 155-176

    3. Monetary Statecraft and Profits of Dollar Hegemony

      • Yang Li, Xiaojing Zhang
      Pages 177-197

    4. International Monetary Policy Coordination: Theories and Reality

      • Yang Li, Xiaojing Zhang
      Pages 199-234

  6. Conclusion

    1. Front Matter

      Pages 235-235
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    2. Moving Towards a New Balance

      • Yang Li, Xiaojing Zhang
      Pages 237-254

  7. Back Matter

    Pages 255-257
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Keywords

About this book

This book focuses on global financial systems. After summarising historical financial institutions, it subsequently uses economic and econometrical models to analyse the strengths and weaknesses of these institutions and their role in the history. Readers, especially international readers, will be introduced to prominent Chinese scholars’ ideas and views on these issues. The perspective of this book is, of course, a Chinese one. As such, readers will learn how Chinese people view global financial systems, even those dominated by the West, what they think about future global finance, etc. As such, the book offers intriguing and revealing insights for researchers and a broader readership alike. 

Authors and Affiliations

  • Chinese Academy of Social Sciences, Beijing, China

    Yang Li, Xiaojing Zhang

About the authors

Yang Li, member of the Party Leadership Group and vice-president of the Chinese Academy of Social Sciences; CASS member; researcher, doctoral supervisor; representative of the 12th National Congress; member of the Financial Committee of the National Congress; vice President of the China Postdoctoral Science Foundation; third member of the Monetary Policy Committee of the People’s Bank of China; vice-chairman of the China Finance Society, the Chinese Finance Society, China International Financial Society, and Chinese City Finance Society. He was elected as a member of the International Eurasian Academy of Sciences in 2011; received the “Sun Yefang Economics and Science Award” five times; and published extensively as an author and editor.

Xiaojing Zhang, Director and researcher of the Institute of Economics, Chinese Academy of Social Sciences (CASS); professor at the CASS Graduate School; visiting scholar to the Stockholm School of Economics in Sweden, Ha
rvard University and NBER; appointed as a special observer by the Xinhua News Agency for long-term tracking of the macro situation and policy analysis. His main research fields are macro-economics in the open economy, growth theory, and economics for development. His major works are Symbolic Economy and Hypostatic Economy: Economy Analysis of the Era of Financial Globalization, Harvard Essays: Intimate Contact with the Economics. He has received the “Sun Yefang Economics and Science Award” twice and been awarded the “China Book Prize”; further, he has published over 60 academic papers in Chinese or English. 

Bibliographic Information

  • Book Title: Imbalance and Rebalance

  • Book Subtitle: To Create a New Framework of Global Governance

  • Authors: Yang Li, Xiaojing Zhang

  • Translated by: Lichao He

  • DOI: https://doi.org/10.1007/978-981-10-6150-9

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: China Social Science Press and Springer Nature Singapore Pte Ltd. 2017

  • Hardcover ISBN: 978-981-10-6149-3Published: 17 October 2017

  • Softcover ISBN: 978-981-13-5582-0Published: 11 December 2018

  • eBook ISBN: 978-981-10-6150-9Published: 05 October 2017

  • Edition Number: 1

  • Number of Pages: XVI, 257

  • Number of Illustrations: 54 b/w illustrations

  • Additional Information: Jointly published with China Social Science Press, Beijing, China

  • Topics: International Economics, International Relations

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