MACMILLAN Development of Consumer Finance in East Asia

This book is distinctive among current studies on this topic. The Chinese economy has entered a period of transformation, which has brought changes to the finance market and consumer habits. For a long time, topics such as monetary policy, reform, financial risks and so forth have been the focus. But there have been few studies of those aspects of the consumer finance market that are directly related to private consumption. Studies on this topic, to which this book contributes, are necessary for understanding the current economic situation in China.This is a full-scale comparative study of consumer finance in China, Japan and South Korea, and will draw lessons for China in this area from the experience of the other two countries. From the Back Cover This book is distinctive among current studies on this topic. The Chinese economy has entered a period of transformation, which has brought changes to the finance market and consumer habits. For a long time, topics such as monetary policy, reform, financial risks and so forth have been the focus. But there have been few studies of those aspects of the consumer finance market that are directly related to private consumption. Studies on this topic, to which this book contributes, are necessary for understanding the current economic situation in China.This is a full-scale comparative study of consumer finance in China, Japan and South Korea, and will draw lessons for China in this area from the experience of the other two countries. About the Author Chief Editor Wang Guogang is the director of Institute of Finance and Banking at Chinese Academy of Social Sciences. Associate editor: Zeng Gang is head of the research department at Institute of Finance and Banking of Chinese Academy of Social Sciences. Xuan Xiaoying is a PH.D. of Institute of Finance and Banking of Chinese Academy of Social Sciences.