{"product_id":"the-rise-of-the-peoples-stephen-bell-9780674072497","title":"Rise of the People's Bank of China: The Politics of Institutional Change","description":"\u003cp\u003eWith $4.5 trillion in total assets, the People's Bank of China now surpasses the U.S. Federal Reserve as the world's biggest central bank. \u003ci\u003eThe Rise of the People's Bank of China\u003c\/i\u003e investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eStephen Bell and Hui Feng trace the bank's ascent to Beijing's policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC--benefitting from political patronage and perceptions of its unique professional competency--found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China's exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People's Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Stephen Bell, Hui Feng\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0674072499\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780674072497\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Harvard University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/10\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.55lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.20h x 6.50w x 1.00d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 11\/01\/2013","brand":"Stephen Bell","offers":[{"title":"Hardcover","offer_id":43925553185023,"sku":"9780674072497","price":69.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_9920d7bf-8107-4979-8181-ae31e85206df.jpg?v=1681077954","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-rise-of-the-peoples-stephen-bell-9780674072497","provider":"WR Book House","version":"1.0","type":"link"}