The Money Supply Process and Monetary Policy in China
by
Yanfen Huang
Book Details
Format
Paperback / Softback
ISBN-10
3631502168
ISBN-13
9783631502167
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Sep 26th, 2002
Print length
230 Pages
Weight
306 grams
Dimensions
15.00 x 21.00 x 1.50 cms
Ksh 10,650.00
Manufactured on Demand
0 in stock
Delivery Location
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Quality
Fast
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.
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