Books > Business & Economics > Economics > Macroeconomics > Monetary economics
|
Buy Now
Remaking Monetary Policy in China - Markets and Controls, 1998-2008 (Hardcover, 1st ed. 2019)
Loot Price: R1,521
Discovery Miles 15 210
|
|
Remaking Monetary Policy in China - Markets and Controls, 1998-2008 (Hardcover, 1st ed. 2019)
Expected to ship within 10 - 15 working days
|
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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.