Introduction: basic concepts of hyperinflation -- Monetary adventures before the 20th century -- The first wave of hyperinflation in the 20th century: Germany, Russia, and CEE countries in the 1920s -- The Second World War and the upsurge of hyperinflation in the 1940s -- War finance and its...

The Chinese Economy in Transition provides an analysis of the economic reforms introduced under Deng Xiaoping. It attempts to answer the question: what was the economic system that the Chinese were trying to reform and what approach have they adopted to reform it? Whilst the book focuses...

The recent slowdown in the Chinese economy is interpreted in two dimensions: a long-run, structural shift toward a moderation in China’s earlier high growth pace, and a short-run, mainly cyclical, adjustment to the earlier economic overheating. Main causes of the long-run shift are export...

China's post-Mao market reform, even after the Asian crisis, does not conform to the standard IMF/World Bank model and the state continues to mediate market reform. Three principal factors have influenced how the state mediates China's market reform: path dependency, a result of China's...