{"id":208,"date":"2010-06-01T11:30:29","date_gmt":"2010-06-01T09:30:29","guid":{"rendered":"http:\/\/fromlet.bbsresearch.se\/?p=208"},"modified":"2010-06-01T11:30:29","modified_gmt":"2010-06-01T09:30:29","slug":"increased-transparency-in-chinese-financial-markets","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208","title":{"rendered":"Increased Transparency in Chinese Financial Markets:"},"content":{"rendered":"<p>I denna blogg vill jag presentera mitt paper fr\u00e5n SNEE- konferensen i M\u00f6lle 18-20 maj, 2010.<br \/>\n<em><\/em><\/p>\n<p><em>Abstract<br \/>\n<\/em><span style=\"font-family: Calibri-Italic\">Transparency in Chinese financial markets is still poor. Lagging transparency has been cited as one of the main reasons for the current global financial and economic crisis. G20 countries \u2013 China included \u2013 have committed themselves in a communiqu\u00e9 from the London Summit of 2009 to work harder for increased transparency in financial markets.<\/span><\/p>\n<p><span style=\"font-family: Calibri-Italic\">Thus, Chinese has an important global commitment: the improvement of transparency in its financial markets. This issue will become increasingly important if the Chinese economic powerhouse continues to gradually open its capital account, pursue its long\u2010term work for a<br \/>\nconvertible currency and develop a global financial center in Shanghai.<br \/>\nMarkedly increased financial transparency should not only give major microeconomic benefits to domestic and foreign shareholders, but also macroeconomic gains to China itself, to Europe and the whole global economy \u2013 even if modeling based on these correlations still appears to be impossible. Joining the process of more transparency will make the need for specific financial reforms more visible \u2010 and more intensively discussed! This could accelerate the necessary structural changes in Chinese monetary policy and on financial markets.<br \/>\nGrowing risks may be observed earlier than in the current opaque system. Avoiding bursting bubbles and bank crises may mean a very positive contribution to GDP growth \u2013 though in an inverted way.<\/span><\/p>\n<p><span style=\"font-family: Calibri-Italic\">China is already the number one exporter in the world. Soon it will become the second largest economy in the world in traditional GDP terms. These developments clearly call for a major upgrading and modernization of China\u2019s financial markets \u2013 not least because of the<br \/>\nfact that many developments in China will have an increasing impact on global financial markets, European markets included. How should such a development be achieved without acceptable or good financial transparency? <\/span><\/p>\n<p><span style=\"font-family: Calibri-Italic\"><em>There should not be an alternative to good transparency in Chinese financial markets \u2013 for both domestic and global reasons. Such a change would be positive for Europe as well.<\/em><\/span><\/p>\n<p>Om du vill l\u00e4sa hela mitt paper, <a href=\"http:\/\/www.bbs.hik.se\/resurser\/dokument\/fromlet\/Molle2010.pdf\" target=\"_blank\">klicka h\u00e4r<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I denna blogg vill jag presentera mitt paper fr\u00e5n SNEE- konferensen i M\u00f6lle 18-20 maj, 2010. Abstract Transparency in Chinese financial markets is still poor. Lagging transparency has been cited as one of the main reasons for the current global financial and economic crisis. G20 countries \u2013 China included \u2013 have committed themselves in a [&hellip;]<\/p>\n","protected":false},"author":352,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-208","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Increased Transparency in Chinese Financial Markets: - Baltic Business Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208\" \/>\r\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Increased Transparency in Chinese Financial Markets: - Baltic Business Research\" \/>\r\n<meta property=\"og:description\" content=\"I denna blogg vill jag presentera mitt paper fr\u00e5n SNEE- konferensen i M\u00f6lle 18-20 maj, 2010. Abstract Transparency in Chinese financial markets is still poor. Lagging transparency has been cited as one of the main reasons for the current global financial and economic crisis. G20 countries \u2013 China included \u2013 have committed themselves in a [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208\" \/>\r\n<meta property=\"og:site_name\" content=\"Baltic Business Research\" \/>\r\n<meta property=\"article:published_time\" content=\"2010-06-01T09:30:29+00:00\" \/>\r\n<meta name=\"author\" content=\"hubert\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Skriven av\" \/>\n\t<meta name=\"twitter:data1\" content=\"hubert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuter\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208\",\"url\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208\",\"name\":\"Increased Transparency in Chinese Financial Markets: - Baltic Business Research\",\"isPartOf\":{\"@id\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/#website\"},\"datePublished\":\"2010-06-01T09:30:29+00:00\",\"dateModified\":\"2010-06-01T09:30:29+00:00\",\"author\":{\"@id\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/#\/schema\/person\/ac4aba9641e918c080d4110e3b8b77a7\"},\"inLanguage\":\"sv-SE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/#website\",\"url\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/\",\"name\":\"Baltic Business Research\",\"description\":\"Hubert Fromlet diskuterar den svenska och internationella ekonomin\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"sv-SE\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/#\/schema\/person\/ac4aba9641e918c080d4110e3b8b77a7\",\"name\":\"hubert\",\"url\":\"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?author=352\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Increased Transparency in Chinese Financial Markets: - Baltic Business Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogg.lnu.se\/fromlet-bbsresearch\/?p=208","og_locale":"sv_SE","og_type":"article","og_title":"Increased Transparency in Chinese Financial Markets: - Baltic Business Research","og_description":"I denna blogg vill jag presentera mitt paper fr\u00e5n SNEE- konferensen i M\u00f6lle 18-20 maj, 2010. 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