Central Bank Theory and Practice

Author: Chen Yan, Editor-in-Chief
Publisher:
Publish Date: 2005-06-01
Features: "Central Bank Theory and Practice" takes the central role of the central bank in the modern economic and financial system as its starting point, focusing on the internal operational mechanisms of the central bank in fulfilling its duties and the objective impacts on finance and the economy at both micro and macro levels. From the perspectives of theory and practice, it systematically elaborates on modern central bank theory and operations, emphasizing the three core responsibilities of the central bank—formulating and implementing monetary policy, providing financial services, and supervising and regulating the financial industry. Part I covers the central bank system, introducing the general patterns of the emergence and development of the central bank system, as well as the fundamental theories of modern central bank systems, including their types and structures. Part II focuses on central bank operations, specifically examining the content, characteristics, and relationships of central bank balance sheets, payment and clearing, statistical analysis, and treasury representation, as well as their connections to the central bank's functional roles. Part III is dedicated to monetary policy, emphasizing the theories and practices of its composition, transmission, and policy effects. Part IV introduces financial supervision, covering the objectives, principles, and systems of central bank financial supervision and regulation, with a focus on the content of banking supervision by the central bank. This textbook can serve as a university teaching material but is also suitable for finance professionals and other economic management personnel for reference.