The Money Supply Process And Monetary Policy In China

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The Money Supply Process and Monetary Policy in China

Author : Yanfen Huang
Publisher : Peter Lang Pub Incorporated
ISBN 13 : 9780820460680
Total Pages : 215 pages
Book Rating : 4.4/5 (66 download)

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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."

Money, Banking, And Financial Markets In China

Author : Gang Yi
Publisher : Routledge
ISBN 13 : 0429702817
Total Pages : 312 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Money, Banking, And Financial Markets In China by : Gang Yi

Download or read book Money, Banking, And Financial Markets In China written by Gang Yi and published by Routledge. This book was released on 2019-04-24 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews how the current banking system in China has emerged from the all-inclusive monobank system in the past. It discusses the money supply mechanism, evaluates monetary policies, analyzes the monetization process, and provides a summary of the development of financial markets.

Reforms in China's Monetary Policy

Author : Sun Guofeng
Publisher : Springer
ISBN 13 : 113750448X
Total Pages : 267 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Reforms in China's Monetary Policy by : Sun Guofeng

Download or read book Reforms in China's Monetary Policy written by Sun Guofeng and published by Springer. This book was released on 2016-04-29 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's financial reforms have undergone a large-scale transformation over the past several years. This book aims to outline the structure and current features of China's monetary policy, drawing upon the author's years of experience working within the People's Bank of China and insider's view of the decision-making process.

Research on China’s Monetary Policy System and Conduction Mechanism

Author : Wei Liu
Publisher : Springer Nature
ISBN 13 : 9811990603
Total Pages : 299 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Research on China’s Monetary Policy System and Conduction Mechanism by : Wei Liu

Download or read book Research on China’s Monetary Policy System and Conduction Mechanism written by Wei Liu and published by Springer Nature. This book was released on 2023-03-28 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book chooses four different transmission mechanisms of interest rate, credit, exchange rate, and asset price to study whether China’s monetary policy has an impact on these four transmission mechanisms and then studies whether these four transmission mechanisms have an impact on the macroeconomy, so as to determine the impact of China’s monetary policy on macro-goals.

Remaking Monetary Policy in China

Author : Michael Beggs
Publisher : Springer
ISBN 13 : 9811397260
Total Pages : 125 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Remaking Monetary Policy in China by : Michael Beggs

Download or read book Remaking Monetary Policy in China written by Michael Beggs and published by Springer. This book was released on 2019-08-16 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the recent history of Chinese monetary policy. While most current work focuses on This book traces and explains the evolution of Chinese monetary policy in the years before 2008. The turn towards interest rate deregulation and market-oriented policy in China in recent years is often seen as a break with former command-and-control policy norms, in favour of Western central banking norms. We argue that Chinese monetary policy already went through a transformation under the influence of ‘new consensus’ macroeconomics after 1998, but that this surprisingly led to increased reliance on direct banking controls in the 2000s. Therefore, many of the controls that look to many like a remnant of central planning are in fact an outcome of an earlier attempt to ‘rationalise’ monetary policy, in unusual Chinese conditions. Specifically, policy returned to direct controls because of an underdeveloped interbank money market, and a glut of bank liquidity associated with enormous foreign exchange inflows in the mid-2000s.

Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal

Author : Haiqing Deng
Publisher : World Scientific
ISBN 13 : 9814704814
Total Pages : 219 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal by : Haiqing Deng

Download or read book Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal written by Haiqing Deng and published by World Scientific. This book was released on 2016-03-11 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforging the Central Bank presents an insightful comparison between financial development in China — a rising global economic superpower — under the old and new normal and an all-encapsulating study of current monetary transmission mechanism and monetary policy instruments. Focusing on the 'top-level design' for Chinese financial system and the reformation of People's Bank of China (PBoC), China's central bank, Dr Deng, head of the Fixed Income Research Department at CITIC Securities, and his team provide a deep analysis with useful suggestions and bold predictions for the central bank's new policy framework, new objectives, and new mechanisms in the future.As such, the carefully presented analysis of this book will be of value to researchers and curious readers who are interested in understanding of China's — a rising global economic superpower — future financial development environment.

Chinese Monetary Policy - From Theory to Practice

Author : Finn Marten Körner
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Chinese Monetary Policy - From Theory to Practice by : Finn Marten Körner

Download or read book Chinese Monetary Policy - From Theory to Practice written by Finn Marten Körner and published by . This book was released on 2016 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese monetary policy constitutes a marked example of a clash between theory and practice. In theory, a fixed exchange rate regime with capital mobility turns the money supply into an endogenous variable while expansionary pressure can be alleviated by the central bank by foreign currency transactions. For China, this standard view is contended by the 'compensation thesis' as proposed by Lavoie and Wang (2012) according to which the central bank maintains discretion over money supply by using alternative balance sheet instruments. In this paper we show that the People's Bank of China's (PBoC) activities can be better characterized by the 'compensation thesis' view of alternative money supply operations. In addition, we can thus characterize the PBoC's policy stance as being directed at targeting inflation and exchange rate stability via a five-phase policy mix using sterilization bonds and reserve requirements according to macroeconomic conditions. After downgrading the loans-to-deposits ratio of 75% to the status of an indicator and given the rise in lending despite a high reserve ratio, the quantity-driven approach to monetary policy of the PBoC faces an uncertain future.

The Role of the PBC in the Money Supply Process and the Impact of the Money Supply on Inflation in China

Author : Huiyang Wang
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (378 download)

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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:

Estimating Money Demand for Monetary Control in China

Author : Maxwell J. Fry
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Estimating Money Demand for Monetary Control in China by : Maxwell J. Fry

Download or read book Estimating Money Demand for Monetary Control in China written by Maxwell J. Fry and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of China's Cultural Revolution in December 1978 heralded the start of a gradual process of economic liberalization and reform. In the financial sector, the monobank system was abandoned in favor of a two-tier banking system in which the People's Bank of China (PBC) became the central bank and its commercial lending activities were transferred to four specialized banks. While monetary policy has undergone change since 1978, the credit plan remains the key operating instument. Credit ceilings are set for each specialized bank and subceilings are also imposed for specific types of loans, such as working capital and fixed investment loans. Although banks have some discretion in varying interest rates, China's interest rates are basically determined by administrative fiat. One consequence of China's selective credit policy implemented through nonprice rationing mechanisms is that the banks hold a large overhang of excess reserves. Increasing inconsistencies between the development of a market-based economy and the use of credit ceilings as the main instrument of monetary policy has led the Chinese authorities to accelerate financial sector reforms since 1993. As part of these reforms, indicative monetary targets are to be achieved through open market operations supplemented by reserve requirements, discount rates, and greater flexibility in interest rates. Necessarily, appropriate targets for the money supply can be set only after the demand for money has been predicted. This paper addresses questions raised by the PBC's Research Department in connection with their initial work on estmating the demand for money in China.

The Handbook of China's Financial System

Author : Marlene Amstad
Publisher : Princeton University Press
ISBN 13 : 0691205841
Total Pages : 504 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Handbook of China's Financial System by : Marlene Amstad

Download or read book The Handbook of China's Financial System written by Marlene Amstad and published by Princeton University Press. This book was released on 2020-11-17 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, in-depth, and authoritative guide to China's financial system The Chinese economy is one of the most important in the world, and its success is driven in large part by its financial system. Though closely scrutinized, this system is poorly understood and vastly different than those in the West. The Handbook of China’s Financial System will serve as a standard reference guide and invaluable resource to the workings of this critical institution. The handbook looks in depth at the central aspects of the system, including banking, bonds, the stock market, asset management, the pension system, and financial technology. Each chapter is written by leading experts in the field, and the contributors represent a unique mix of scholars and policymakers, many with firsthand knowledge of setting and carrying out Chinese financial policy. The first authoritative volume on China’s financial system, this handbook sheds new light on how it developed, how it works, and the prospects and direction of significant reforms to come. Contributors include Franklin Allen, Marlene Amstad, Kaiji Chen, Tuo Deng, Hanming Fang, Jin Feng, Tingting Ge, Kai Guo, Zhiguo He, Yiping Huang, Zhaojun Huang, Ningxin Jiang, Wenxi Jiang, Chang Liu, Jun Ma, Yanliang Mao, Fan Qi, Jun Qian, Chenyu Shan, Guofeng Sun, Xuan Tian, Chu Wang, Cong Wang, Tao Wang, Wei Xiong, Yi Xiong, Tao Zha, Bohui Zhang, Tianyu Zhang, Zhiwei Zhang, Ye Zhao, and Julie Lei Zhu.

Sveriges Riksbank and the History of Central Banking

Author : Rodney Edvinsson
Publisher :
ISBN 13 : 1107193109
Total Pages : 527 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Sveriges Riksbank and the History of Central Banking by : Rodney Edvinsson

Download or read book Sveriges Riksbank and the History of Central Banking written by Rodney Edvinsson 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.

The Chinese Macroeconomy and Financial System

Author : Ronald M Schramm
Publisher : Routledge
ISBN 13 : 131751193X
Total Pages : 313 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis The Chinese Macroeconomy and Financial System by : Ronald M Schramm

Download or read book The Chinese Macroeconomy and Financial System written by Ronald M Schramm and published by Routledge. This book was released on 2015-04-24 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly "top down," this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the text is able to dig deeper into understanding the fundamental characteristics of the Chinese economy. The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy. eResources including chapter questions with solutions and lecture slides will be available on this webpage.

The Federal Reserve System Purposes and Functions

Author : Board of Governors of the Federal Reserve System
Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Monetary Policy and the Design of Financial Institutions in China,1978-90

Author : L. Jin
Publisher : Springer
ISBN 13 : 0230380174
Total Pages : 273 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Monetary Policy and the Design of Financial Institutions in China,1978-90 by : L. Jin

Download or read book Monetary Policy and the Design of Financial Institutions in China,1978-90 written by L. Jin and published by Springer. This book was released on 1994-10-17 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a systematic study of monetary policy and financial institution in China during its decentralisation- and market-oriented economic reform. It not only contains substantial information on money and finance and the operation of financial institutions in China, but also identifies mechanisms of the monetary expansion as the general feature of monetary policy.

The New Palgrave Dictionary of Economics

Author : NA NA
Publisher : Palgrave Macmillan
ISBN 13 : 9780333786765
Total Pages : 7300 pages
Book Rating : 4.7/5 (867 download)

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Book Synopsis The New Palgrave Dictionary of Economics by : NA NA

Download or read book The New Palgrave Dictionary of Economics written by NA NA and published by Palgrave Macmillan. This book was released on 2008-05-11 with total page 7300 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Monetary and Currency Policy Management in Asia

Author : Masahiro Kawai
Publisher : Edward Elgar Publishing
ISBN 13 : 0857933353
Total Pages : 321 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Monetary and Currency Policy Management in Asia by : Masahiro Kawai

Download or read book Monetary and Currency Policy Management in Asia written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.

China's Financial System

Author : Franklin Allen
Publisher :
ISBN 13 : 9781680830606
Total Pages : 140 pages
Book Rating : 4.8/5 (36 download)

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Book Synopsis China's Financial System by : Franklin Allen

Download or read book China's Financial System written by Franklin Allen and published by . This book was released on 2015-11-18 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a review of China's financial system and compares it to other financial systems. It reviews what has worked and what has not within the markets and intermediaries in China, the effects of the recent development of China's financial system on the economy, and a non-standard financial sector operating beyond the markets and banking sectors.