中国与捷克:金融的变迁及转型(China and Czech:Changes and Transformation in

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 Prague Branch
Section 3 ICBC's Practice of Business Development in Czech Republic

APPENDIX 2 HOME CREDIT——A CHINESE STORY OF CONSUMER FINANCE
Section 1 Introduction of Home Credit Group
Section 2 Home Credit's development in China