China : Strengthening Monetary Policy Implementation

Strengthening Monetary Policy Implementation

China : Strengthening Monetary Policy Implementation
The People's Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks but their effectiveness will diminish as the sophistication of the economy increases. Empirical evidence supports maintaining a reference to money in China's monetary strategy and enhancing the role of interest rates in its conduct. We advocate READ MORE...

Publication date: January 2007
ISBN 9781451865783
$18.00

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