| LIST OF TABLES | 第6页 |
| LIST OF FIGURES | 第6-7页 |
| LIST OF DIAGRAMS | 第7-8页 |
| 中文摘要 | 第8-11页 |
| ABSTRACT | 第11-14页 |
| Introduction | 第15-20页 |
| 1. China's Growth Model | 第20-40页 |
| 1.a. Factor Distortions | 第22-26页 |
| 1.a.1. Fiscal Recentralization in 1994 and Growth at Any Cost | 第24-26页 |
| 1.b. Lower Household Income | 第26-29页 |
| 1.c. Higher Investments, Higher ICOR and Lower Employment Creation | 第29-40页 |
| 2. Exchange Rate Regime and Impossible Trinity | 第40-54页 |
| 2.a. China's Exchange Rate Policy-Historical Developments | 第41-43页 |
| 2.b. How Independent is the Chinese Monetary Policy? | 第43-54页 |
| 3. Banking System, Non-Performing Loans and Financial Repression | 第54-71页 |
| 3.a. The Role of the State: The Influence on Decision-Making | 第57-61页 |
| 3.b. Non-Performing Loans (NPLs) | 第61-64页 |
| 3.c. Financial Repression: The Role of Interest Rates | 第64-66页 |
| 3.d. What Raising NPLs Have To Do With Consumption? | 第66-71页 |
| 4. Econometric Analysis | 第71-82页 |
| 4.a. Definition of Financial Repression | 第73-74页 |
| 4.b. Baseline Model | 第74-79页 |
| 4.c. Financial Repression, Interest Income and Economic Structural Transformation: Empirical Evidence | 第79-82页 |
| 5 Conclusion and Policy Recommendations | 第82-84页 |
| Bibliography | 第84-88页 |
| Dedication | 第88-89页 |
| Acknowledgment | 第89-90页 |
| Vita | 第90页 |
| EDUCATION | 第90页 |
| PUBLICATIONS | 第90-91页 |
| ACADEMIC EXPERIENCE | 第91-92页 |
| FIELDS OF STUDY | 第92-93页 |
