Books+ Search Results
The Digital Financial Revolution in China
Title
The Digital Financial Revolution in China / David Dollar and Yiping Huang, editors.
ISBN
9780815739562
9780815739555
Publication
Washington, DC : Brookings Institution Press, 2022.
Manufacture
Baltimore, Md. : Project MUSE, 2022
Copyright Notice Date
©2022.
Physical Description
1 online resource (280 pages).
Local Notes
Access is available to the Yale community.
Notes
Description based on print version record.
Access and use
Access restricted by licensing agreement.
Summary
"Describing how China is in the lead in transforming finance for the digital ageChina has been at the forefront of one of the most important revolutions in contemporary business practices: the rapid growth of digital finance. From mobile payments to online investment, from Big Tech lending to digital insurance, and from open banking to central bank digital currency, China has been among the most advanced₇sometimes the most advanced₇of the major economies in adopting technologies that are changing both the financial system and the lives of millions of people.China has been especially far-sighted in promoting financial inclusion₇offering financial services for the first time to people regardless of their location, job status, or income.This book is the product of a joint research project between economists at the National School of Development, especially the affiliated Institute of Digital Finance, at Peking University and at the Brookings Institution. It investigates the impact of financial technology on job creation, income distribution, and consumer welfare in China. It also examines larger systemic issues such as monetary policy, stability of the banking sector, and international trade and payments.With a primary focus on the development of digital finance in China, most of the contributions are from Chinese economists. But the volume also considers implications for the rest of the world in several chapters written by international economists from Brookings.The depth and breadth of the descriptions and analysis in this ground-breaking book will appeal to scholars of China, finance professionals, and policymakers around the globe."-- Provided by publisher
Variant and related titles
Project MUSE complete collection 2022.
Format
Books / Online
Language
English
Added to Catalog
July 19, 2023
Contents
Intro
Title Page
Copyright
Contents
Acknowledgments
1. Understanding China's Digital Financial Innovation and Regulation
2. Quantifying Digital Financial Inclusion in China
3. China's Payment Reform and Its Implications for Other Countries
4. Digital Financial Infrastructure in China
5. The Rise and Fall of the Peer-to-Peer Lending Industry
6. Digital Lending in China: A Tale of Three Models
7. Robo-advisors and the Digitization of Wealth Management in China
8. The Digitization of Commercial Banks
9. The Digital Divide and the Trickle-Down Effect
10. China's Central Bank Digital Currency: Facts and Future Directions
11. The Implications of Digital Technology for Financial Regulation
12. The Implications of New Financial Technologies for the International Monetary System
13. International Cooperation in and Regulation of Fintech Development
Contributors
Index
Subjects
Also listed under
Bookmark As
Citation
