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Download Informal Finance in China: American and Chinese Perspectives epub

by Jianjun Li,Sara Hsu

Informal finance consists of nonbank financing activities, whether conducted through family and friends, local money houses, or other types of financial associations. It has provided much-needed financing to small and medium enterprises (SMEs) in particular, in the face of a tightly constrained and overburdened formal banking system. Unable to obtain a bank loan, firms have relied upon individuals and informal organizations outside of the banking system to obtain financing for their ventures or working capital (operating funds). Presently there is a scarcity of information on informal finance in China and it is expected to have a significant impact upon GDP and money supply. This book, with contributions from leading scholars, describes the evolution, characteristics, and variation of informal finance in China from American and Chinese perspectives. Literature by Jiang Shuxia, Jiang Xuzhao, and Li Jianjun has heretofore been available only in Chinese, while work by Kellee Tsai, Jianwen Liao, Harold Welsch, David Pistrui, and Sara Hsu has been available in English. For the first time, they come together to discuss informal financing and its many aspects. Most of the essays are based upon original survey research conducted locally, as this type of data is not normally collected by the government. The papers pioneer the description and analysis of the nuances of informal finance from several perspectives; the authors look at the social, cultural, political, and economic causes of informal finance, its many variations, and its economic, personal, and political ramifications.
Download Informal Finance in China: American and Chinese Perspectives epub
ISBN: 0195380649
ISBN13: 978-0195380644
Category: Business
Subcategory: International
Author: Jianjun Li,Sara Hsu
Language: English
Publisher: Oxford University Press; 1 edition (September 24, 2009)
Pages: 216 pages
ePUB size: 1443 kb
FB2 size: 1256 kb
Rating: 4.1
Votes: 406
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