The Choice and Development of China's Monetary Policy

Author: Meng Jianhua
Publisher:
Publish Date: 2006-05-01
Features: This book introduces the intellectual origins, fundamental theories, and the background and foundation of China's monetary policy implementation. It divides the formulation and implementation of China's monetary policy into three stages: exploration, improvement, and maturity. Using a chronological approach, it provides a detailed analysis of the economic context, major monetary policy measures, and their implementation effects for each year from 1984 to 2005. The book reviews the evolution of China's monetary policy's ultimate goals, intermediate targets, instrument selection, and transmission mechanisms. It also elaborates on China's interest rate system and the process of interest rate liberalization, discusses the independence of China's central bank, the effectiveness of monetary policy, and regionalization. Additionally, it explores the coordination between China's monetary policy and fiscal policy, industrial policy, exchange rate policy, capital markets, financial stability, and international cooperation during the reform and opening-up process. The book is written in a fluent style and uses plain language and appropriate analogies to explain complex concepts clearly. Most of the content employs data analysis, empirical analysis, and inductive-deductive methods, with a research process that is systematic and easy to follow. Therefore, the book should have a broad readership, making it suitable not only for researchers but also as a reference for readers with basic knowledge of economics and finance to delve deeper into monetary policy issues.