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Book Cover
Author Laurens, Bernard

Title China : strengthening monetary policy implementation / prepared by Bernard J. Laurens and Rodolfo Maino
Published [Washington, D.C.] : International Monetary Fund, 2007


Description 1 online resource (51 pages) : illustrations
Series IMF working paper ; WP/07/14.
Summary 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 adoption of an eclectic strategy involving the monitoring of several indicators, and of a short-term interest rate as the operational target. The PBC should be granted discretion to change its policy rate, and there are no technical obstacles for such a move to occur in the near future
Bibliography Includes bibliographical references (pages 48-51)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Zhongguo ren min yin hang.
SUBJECT Zhongguo ren min yin hang fast
Subject Monetary policy -- China
Monetary policy -- China -- Econometric models
Demand for money -- China
Demand for money -- China -- Econometric models
Monetary policy.
Multiplier (Economics)
money (objects)
Multiplier (Economics)
Demand for money
Demand for money -- Econometric models
Monetary policy
Monetary policy -- Econometric models
Form Electronic book
Author Maino, Rodolfo, 1961-
International Monetary Fund. Monetary and Capital Markets Department.
ISBN 9781451910315