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This book utilizes an innovative approach combining qualitative and quantitative methods to investigate the correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial risk prevention systems, and reaches conclusions with both theoretical and practical value. The book offers an empirical analysis of the effectiveness of monetary policy, specifies the correlations between monetary policy, economic growth and inflation, and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous research in China has primarily focused on the correlation between monetary policy and a specific asset price, while this book comprehensively addresses the appropriateness of real estate, stock, bond and futures price regulation through monetary policies, lending it a high degree of practical significance. In order to arrive at a systemic risk prevention and regulation mechanism for China, the book uses the GARCH mean value model and MGARCH-BEKK model to create a pressure index and provide a three-level pre-warning system for currency crises, bank crises and asset bubble crises. The book systemically introduces the idea of macro-prudential regulation into the Chinese financial system by first clarifying the necessity of implementing macro-prudential regulation in China and then proving its effectiveness in mitigating pro-cyclicality and enhancing steady economic growth by constructing a mitigation model.
Economics/Management Science. --- Financial Economics. --- Macroeconomics/Monetary Economics. --- Economic Policy. --- Economics. --- Economic policy. --- Macroeconomics. --- Finance. --- Economie politique --- Politique économique --- Macroéconomie --- Finances --- Financial risk management -- China. --- Inflation (Finance) -- China. --- Monetary policy -- China. --- Finance --- Business & Economics --- Finance - General --- Monetary policy --- Financial risk management --- Macroeconomics/Monetary Economics//Financial Economics. --- Risk management --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy
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High household indebtedness could constrain future consumption growth and increase financial stability risks. This paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it in the medium-to-long term. By stress testing households’ debt repayment capacity, we find that low-income households are most vulnerable to adverse income shocks which could lead to signficant defaults. Containing these risks would call for a strengthening of systemic risk assessment and macroprudential policies of the household sector. Other policies include improving the credit registry system and establishing a well-functioning personal insolvency framework.
Risk management--China. --- China. --- Debt--Social aspects. --- Macroeconomics --- Real Estate --- Aggregate Factor Income Distribution --- Macroeconomics: Consumption --- Saving --- Wealth --- Housing Supply and Markets --- Urban, Rural, and Regional Economics: Household Analysis: General --- Property & real estate --- Income --- Consumption --- Housing prices --- Household consumption --- Income shocks --- National accounts --- Prices --- Economics --- Housing --- China, People's Republic of --- Risk management.
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This edited volume expands the scope of risk management beyond finance to include resources and environment issues in China. It presents the state-of-the-art approaches of using risk management to effectively manage resources and environment. Both case studies and theoretical methodologies are discussed.
Corporations -- Finance -- China. --- Finance -- China. --- Investments, Foreign -- Law and legislation -- China. --- Monetary policy -- China. --- Public welfare -- China. --- Risk management -- China. --- Risk management --- Natural resources --- Economic development --- Environmental management --- Environmental risk assessment --- Management --- Business & Economics --- Management Theory --- Management Styles & Communication --- Environmental stewardship --- Stewardship, Environmental --- Business. --- Operations research. --- Decision making. --- Environmental economics. --- Business and Management. --- Operation Research/Decision Theory. --- Environmental Economics. --- Risk assessment --- Precautionary principle --- Environmental sciences --- Operations Research/Decision Theory. --- Economics --- Environmental quality --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Environmental aspects --- Economic aspects --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Decision making
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