東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Remaking monetary policy in China = ...

Beggs, Michael.

FindBook

Google Book

Amazon

博客來

Remaking monetary policy in China = markets and controls, 1998-2008 /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Remaking monetary policy in China/ by Michael Beggs, Luke Deer.
其他題名:	markets and controls, 1998-2008 /
作者:	Beggs, Michael.
其他作者:	Deer, Luke.
出版者:	Singapore :Springer Singapore : : 2019.,
面頁冊數:	xi, 125 p. :ill., digital ;24 cm.
內容註:	1. Introduction: the 'new macroeconomic consensus' arrives in China -- 2. A bank-dominated financial system -- 3. Targets: why money and credit? -- 4. Transmission: inside the banking black box -- 5. Instruments: the evolution of policy strategy -- 6. Conclusion.
Contained By:	Springer Nature eBook
標題:	Monetary policy - China. -
電子資源:	https://doi.org/10.1007/978-981-13-9726-4
ISBN:	9789811397264

Remaking monetary policy in China = markets and controls, 1998-2008 /
Beggs, Michael.

Remaking monetary policy in Chinamarkets and controls, 1998-2008 /[electronic resource] :by Michael Beggs, Luke Deer. - Singapore :Springer Singapore :2019. - xi, 125 p. :ill., digital ;24 cm.

1. Introduction: the 'new macroeconomic consensus' arrives in China -- 2. A bank-dominated financial system -- 3. Targets: why money and credit? -- 4. Transmission: inside the banking black box -- 5. Instruments: the evolution of policy strategy -- 6. Conclusion.

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. Michael Beggs is Senior Lecturer in Political Economy at the University of Sydney, Australia. Luke Deer is a Research Affiliate in Finance at the University of Sydney Business School, Australia.

ISBN: 9789811397264

Standard No.: 10.1007/978-981-13-9726-4doiSubjects--Topical Terms:

648007
Monetary policy
--China.

LC Class. No.: HG1285 / .B44 2019

Dewey Class. No.: 332.4951

Remaking monetary policy in China = markets and controls, 1998-2008 /
LDR:02528nmm a2200337 a 4500 001 2243004
003 DE-He213
005 20200704135014.0
006 m d
007 cr nn 008maaau
008 211207s2019 si s 0 eng d
020 $a 9789811397264 $q (electronic bk.)
020 $a 9789811397257 $q (paper)
024 7 $a 10.1007/978-981-13-9726-4 $2 doi
035 $a 978-981-13-9726-4
040 $a GP $c GP
041 0 $a eng
050 4 $a HG1285 $b .B44 2019
072 7 $a KCB $2 bicssc
072 7 $a BUS039000 $2 bisacsh
072 7 $a KCB $2 thema
072 7 $a KCBM $2 thema
082 0 4 $a 332.4951 $2 23
090 $a HG1285 $b .B416 2019
100 1 $a Beggs, Michael. $3 3502786
245 1 0 $a Remaking monetary policy in China $h [electronic resource] : $b markets and controls, 1998-2008 / $c by Michael Beggs, Luke Deer.
260 $a Singapore : $b Springer Singapore : $b Imprint: Palgrave Pivot, $c 2019.
300 $a xi, 125 p. : $b ill., digital ; $c 24 cm.
505 0 $a 1. Introduction: the 'new macroeconomic consensus' arrives in China -- 2. A bank-dominated financial system -- 3. Targets: why money and credit? -- 4. Transmission: inside the banking black box -- 5. Instruments: the evolution of policy strategy -- 6. Conclusion.
520 $a 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. Michael Beggs is Senior Lecturer in Political Economy at the University of Sydney, Australia. Luke Deer is a Research Affiliate in Finance at the University of Sydney Business School, Australia.
650 0 $a Monetary policy $z China. $3 648007
650 1 4 $a Macroeconomics/Monetary Economics/Financial Economics. $3 2179654
650 2 4 $a International Political Economy. $3 3251877
650 2 4 $a Political Economy/Economic Systems. $3 3382822
650 2 4 $a Asian Economics. $3 2191385
700 1 $a Deer, Luke. $3 3502787
710 2 $a SpringerLink (Online service) $3 836513
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-981-13-9726-4
950 $a Economics and Finance (SpringerNature-41170)