PREFACE 1 THE DIRECTION OF FINANCIAL TRANSFORMATION:BUILD A MODERN FINANCIAL SYSTEM
PREFACE 2 LET'S SHARE EXPERIENCE AND IMPROVE MUTUAL UNDERSTANDING
CHAPTER 1 CHANGES AND REFORM OF NEW CHINA'S FINANCIAL SYSTEM
Section 1 Exploration and reconstruction of the financial system after the founding of New China (1949--1977)
Section 2 Reform and development of China's financial system (1978--2012)
Section 3 China's new financial business forms under the background of Internet finance (2013 to present)
Section 4 Achievements and experience of China's financial system reform
Section 5 Deepening and innovation of China's financial system reform
CHAPTER 2 70 YEARS OF NEW CHINA'S MONETARY POLICY FRAMEWORK: CHANGES AND TRANSFORMATION
Section 1 Exploration of the monetary policy framework after the founding of New China (1949--1977)
Section 2 Reform and improvement of the monetary policy framework (1978--2012)
Section 3 The transformation and new characteristics of the monetary policy framework since the launch of the campaign to comprehensively deepen reforms(2013--2019)
Section 4 Major challenges and future direction of China's monetary policy framework
CHAFFER 3 70 YEARS OF NEW CHINA'S SECURITIES MARKET:CHANGES AND STRUCTURE
Section 1 China's securities market before the reform and opening-up (before 1977)
Section 2 Early development of the securities market (1978--1991)
Section 3 Formation and preliminary development of national capital market (1992--1998)
Section 4 Regulated development of modem securities market(1999--2019)
Section 5 Achievements of China's securities market
CHAPTER 4 CHANGE AND ADAPTATION OF NEW CHINA'S FINANCIAL REGULATION SYSTEM
Section 1 The beginning of financial regulation after the founding of New China (1949--1977)
Section 2 Adaptive development of China's financial regulation(1978--2016)
Section 3 Moderate mixed regulation (2017--2019)
Section 4 Characteristics of China's financial regulation
CHAPTER 5 NEW CHINA'S FINANCIAL OPENNESS TO THE OUTSIDE WORLD: CHANGES AND EXPLORATION
Section 1 The principal theory of financial openness
Section 2 Retrospect of China's financial openness
Section 3 China's exploration of the capital account openness
Section 4 Summary of and reflection on the experience of China's financial openness
CHAPTER 6 MONETARY POLICY IN AN OPEN EMERGING ECONOMY--THE CASE OF THE CZECH REPUBLIC
Section 1 Monetary policy and the financial system at the beginning of the transformation process
Section 2 Trilemma of the Czech monetary policy
Section 3 Currency crisis
Section 4 Search for a new monetary policy regime
Section 5 Conclusion
CHAPTER 7 SELECTED ISSUES OF THE BANKING SECTOR IN A TRANSITION ECONOMY: BASED ON THE ANALYSIS OF CZECH REPUBLIC
Section 1 Size of the financial sector and its role in promoting growth in transition and emerging economies
Section 2 Prices of real estate and other assets and their connection with financial stability
Section 3 Sovereign exposure and sovereign risk
Section 4 The Banking Union
Section 5 Macroprudential policy
Section 6 Interaction of monetary and macroprudential policy
Section 7 Conclusions
CHAPTER 8 MONETARY POLICY IN A TIME OF ZERO INTEREST RATES: THE CASE OF THE CZECH REPUBLIC
Section 1 Zero lower bound and inflation targeting
Section 2 Effective lower bounds for interest rates
Section 3 Foreign exchange intervention policy and exchange rate commitment in the context of inflation targeting
Section 4 Conclusions
CHAPTER 9 RELIEVING THE PRESSURE ON HOUSEHOLD FINANCES
Section 1 Debt forgiveness
Section 2 Modem examples of debt relief
Section 3 Does debt relief, and in particular forgiveness,work?
Section 4 Conclusions
APPENDIX 1 ICBC'S OPERATION AND DEVELOPMENT IN CZECH REPUBLIC
Section 1 ICBC and Its International Development
Section 2 Establishment of Prag
