Development of Consumer Finance in East Asia [Hardcover]

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.

The Chinese economy has entered a period of transformation, which has brought changes to the finance market and consumer habits. Monetary policy, regulatory reform, financial risks, and other state-driven forms of change have been the focus of much research, but there have been few studies of the consumer finance markets which are directly related to private consumption. As Chinas economy continues to grow and diversify, this field of study becomes all the more pressing. The essays in this book reflect on Chinas situation while also drawing on the experiences of Japan and South Korea to offer context for Chinas most recent financial reforms.1. Consumer Finance and Its Significance 5. Non-Bank Financial Institutions and Consumer Finance