Chinese Banking System: “These Things Aren’t Banks”

I have come across political science professor, Victor Shih‘s interviews before and have been meaning to do a post on it, which I haven’t.

Although Chinese banks are different from Korean banks, there are some similarities in terms of their roles in economic and political contexts. Further, one would find the similarities between the Chinese and the U.S. banking systems.

From Naked Capitalism:

This is a terrific discussion of Chinese banking by two experts who do not mince words, Carl Walter of JP Morgan and Victor Shih of Northwestern University. Both have a great sense of history and go to some length to portray how economic and monetary arrangements for these “banks” differ from what most of us would assume. The discussion includes periodic crises and the creative means used to rescue banks, the unusually high level of financial assets for an emerging economy, the sustainability of growth, and the role of banks in the political system.

http://www.nakedcapitalism.com/2011/08/chinese-banks-these-things-arent-banks.html