The Evolution History of Banking Systems in China, the Soviet Union (russia): from "unification" to Marketization
by Xiao Xiang
About This Novel
This book takes the transition from the "grand unification" planned economic system to marketization as the main line, and comparatively studies the history of the evolution of the banking systems of China and the Soviet Union (Russia). The book first discusses why both the Soviet Union and the People's Republic of China chose the "unified" banking system at the beginning of their founding, analyzes the operating characteristics of the "unified" banking system, and the reasons why the "unified" banking system was ultimately difficult to maintain. Then it combs the historical process of China's "in-system" banking system reform and the rise of "semi-institutional" banks, and compares the path and performance of the "incremental" reform of China's banking system and the "radical" reform of the Soviet Union (Russia).
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