Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Role Of The Pbc In The Money Supply Process And The Impact Of The Money Supply On Inflation In China
Download The Role Of The Pbc In The Money Supply Process And The Impact Of The Money Supply On Inflation In China full books in PDF, epub, and Kindle. Read online The Role Of The Pbc In The Money Supply Process And The Impact Of The Money Supply On Inflation In China ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Role of the PBC in the Money Supply Process and the Impact of the Money Supply on Inflation in China by : Huiyang Wang
Download or read book The Role of the PBC in the Money Supply Process and the Impact of the Money Supply on Inflation in China written by Huiyang Wang and published by . This book was released on 1997 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation and Growth in China by : Robert Mundell
Download or read book Inflation and Growth in China written by Robert Mundell and published by DIANE Publishing. This book was released on 1998-05 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report brings together the proceedings of a conference on inflation & growth in China. The discussions benefited from the participation of senior central bank officials, academics, & IMF staff. Against the background of experiences from other countries, China's reform program was examined in detail, & the papers in this volume allow readers to draw inferences about the existence & sustainability of a trade-off between inflation & growth. The papers fall into three general categories: international experiences; sustainable growth & structural reform; & monetary & exchange rate policies.
Book Synopsis The Money Supply Process and Monetary Policy in China by : Yanfen Huang
Download or read book The Money Supply Process and Monetary Policy in China written by Yanfen Huang and published by Peter Lang Pub Incorporated. This book was released on 2002 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frankfurt/M., Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2002. num. tab. and graph. European University Studies: Series 5, Economics and Management. Vol. 2931 This book applies both the mechanistic money multiplier model and the credit market theory to analyse the money supply process and monetary policy in china. It examines the effectiveness of the central bank's monetary policy instruments, and assesses the possible monetary policy strategy and operating procedure. The central theme is that the money supply has endogenous features due to the lack of an interest rate mechanism. Therefore, interest rate liberalisation is the key to improving the effectiveness of monetary policy in China. Contents: Money supply - Monetary policy in China - The central banking system - The monetary policy strategy - Operating target."
Book Synopsis China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations by : Michael McMahon
Download or read book China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations written by Michael McMahon and published by International Monetary Fund. This book was released on 2018-11-16 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial markets are eager for any signal of monetary policy from the People’s Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its financial system and open its economy. This paper discusses the country’s unique institutional setup and empirically analyzes the impact on financial markets of the PBC’s main communication channels, including a novel communication channel. The results suggest that there has been significant progress but that PBC communication is still evolving toward the level of other major economies. The paper recommends medium-term policy reforms and reforms that can be adopted quickly.
Download or read book China written by Bernard Laurens and published by International Monetary Fund. This book was released on 2007 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The People's Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks but their effectiveness will diminish as the sophistication of the economy increases. Empirical evidence supports maintaining a reference to money in China's monetary strategy and enhancing the role of interest rates in its conduct. We advocate adoption of an eclectic strategy involving the monitoring of several indicators, and of a short-term interest rate as the operational target. The PBC should be granted discretion to change its policy rate, and there are no technical obstacles for such a move to occur in the near future.
Book Synopsis Effect of Money Supply on Real Output and Price in China by : Chih-Hsiang Chang
Download or read book Effect of Money Supply on Real Output and Price in China written by Chih-Hsiang Chang and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 30 years, China has achieved remarkable long-term economic growth. Using quarterly data, we study the effects of money supply on real output and inflation in China between 1993 and 2008. To this end, we use money supply shocks after filtering out the expected component of the money supply. Our findings provide evidence supporting the asymmetric effect of positive and negative money supply shocks on real output and inflation in China. That is, real GDP growth in China responds to negative money supply shocks but not positive money supply shocks. In addition, inflation responds to positive money supply shocks but not negative money supply shocks. We conclude that the People's Bank of China's policy of steady monetary growth appears to be appropriate. Our study offers important policy implications for China.
Book Synopsis Is There Causal Relationship Between Money Supply Growth and Inflation in China? Evidence from Quantity Theory of Money by : Chi-Wei Su
Download or read book Is There Causal Relationship Between Money Supply Growth and Inflation in China? Evidence from Quantity Theory of Money written by Chi-Wei Su and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the causal relationship between Chinese money supply growth and inflation, using the bootstrap Granger full-sample causality test and sub-sample rolling-window estimation test to determine whether such a relationship in China supports the quantity theory of money. The result indicates that there is a unidirectional relationship from inflation to money supply growth. However, considering structural changes in two series, we find that short-run relationships using full-sample data are unstable, which suggests that full-sample causality tests cannot be relied upon. Then, we use a time-varying rolling-window approach to revisit the dynamic causal relationship, and the results show that money supply growth has both positive and negative impacts on inflation in several sub-periods, and in turn, inflation has the same effects on money supply growth for China. These findings are basically consistent with the modern quantity theory of money from the perspective of money supply and price level. When money supply growth does not outweigh output growth, inflation should not be curbed only by decreasing money supply. It notes that a stable money supply growth is critical to price level stability and economic development in China.
Book Synopsis Monetary and Exchange System Reforms in China by : Mr.Bernard Laurens
Download or read book Monetary and Exchange System Reforms in China written by Mr.Bernard Laurens and published by International Monetary Fund. This book was released on 1996-09-26 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.
Book Synopsis The Financial Implications of China’s Belt and Road Initiative by : Piotr Łasak
Download or read book The Financial Implications of China’s Belt and Road Initiative written by Piotr Łasak and published by Springer Nature. This book was released on 2019-11-14 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help China bounce back from its economic slowdown and the financial implications in a policy trilemma context. Further, it investigates both the rationale of the BRI and its pitfalls, focusing on the various options for financing the project based on the Mundell & Fleming model. The book also analyses the impact of the BRI as well as possible policy options to deal with China’s policy trilemma in a structurally more balanced “new normal” economic growth model. Lastly, it reviews the financial stability issues concerning liberalization policies in China.
Book Synopsis China's Three Decades of Economic Reforms by : Xiaohui Liu
Download or read book China's Three Decades of Economic Reforms written by Xiaohui Liu and published by Routledge. This book was released on 2009-09-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economy continues to grow rapidly, with important consequences for its own society and environment, as well as for the wider world economy. This book provides much-needed insight, using the latest research findings, into China’s successful reform experience and its challenges over three decades.
Book Synopsis Report on Currency and Finance by : Reserve Bank of India
Download or read book Report on Currency and Finance written by Reserve Bank of India and published by . This book was released on 2004 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Sveriges Riksbank and the History of Central Banking by : Tor Jacobson
Download or read book Sveriges Riksbank and the History of Central Banking written by Tor Jacobson and published by . This book was released on 2018-05-24 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a comprehensive analysis of the historical experiences of monetary policymaking of the world's largest central banks. Written in celebration of the 350th anniversary of the central bank of Sweden, Sveriges Riksbank. Includes chapters on other banks around the world written by leading economic scholars.
Book Synopsis The Rise of the People's Bank of China by : Stephen Bell
Download or read book The Rise of the People's Bank of China written by Stephen Bell and published by Harvard University Press. This book was released on 2013-06-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The People’s Bank of China surpasses the Federal Reserve as the world’s biggest central bank. In the first comprehensive account of the evolution of central banking and monetary policy in reform China, Stephen Bell and Hui Feng show how the PBC’s authority grew from a Leninist party-state that once jealously guarded its control.
Book Synopsis Globalization, Competition and Growth in China by : Jian Chen
Download or read book Globalization, Competition and Growth in China written by Jian Chen and published by Routledge. This book was released on 2006-04-18 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting original work and new thinking, this book explores the current state of globalization, competition and growth in China.
Book Synopsis The International Political Economy of China’s Exchange Rate Policy Making by : Zhaohui Wang
Download or read book The International Political Economy of China’s Exchange Rate Policy Making written by Zhaohui Wang and published by Springer Nature. This book was released on 2021-01-21 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the international political economy of China’s exchange rate policy making from theoretical and empirical perspectives. It identifies the limitations in the existing Economics studies on the RMB exchange rate and the research gap of the Comparative Political Economy (CPE) and International Political Economy (IPE) approaches to exchange rate politics. The author develops a three-level game framework for China’s exchange rate policy making based on revision and synthesis of the existing CPE and IPE approaches, which provides a richer portrait of the dynamism and complexity of China’s exchange rate policy making. The book has applied the three-level game framework to empirically analyzing China’s exchange rate policy making under the Hu-Wen administration. The book also discusses some further exploration of China’s exchange rate policy in the Xi era and comparative case study of exchange rate policy making. It is a timely and rigorous study on the role that international and domestic politics play in forging China’s exchange rate policy making in the twenty-first century.
Book Synopsis China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations by : Michael McMahon
Download or read book China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations written by Michael McMahon and published by International Monetary Fund. This book was released on 2018-11-16 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial markets are eager for any signal of monetary policy from the People’s Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its financial system and open its economy. This paper discusses the country’s unique institutional setup and empirically analyzes the impact on financial markets of the PBC’s main communication channels, including a novel communication channel. The results suggest that there has been significant progress but that PBC communication is still evolving toward the level of other major economies. The paper recommends medium-term policy reforms and reforms that can be adopted quickly.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1484314727 Total Pages :77 pages Book Rating :4.4/5 (843 download)
Book Synopsis People's Republic of China by : International Monetary Fund. Asia and Pacific Dept
Download or read book People's Republic of China written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-08-15 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.
