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New Objectives of Monetary Policy

In: Reforging the Central Bank The Top-Level Design of the Chinese Financial System in the New Normal

Author

Listed:
  • Haiqing DENG
  • Xi CHEN

Abstract

The previous three chapters have discussed the differences between the “Old and New normal,” restructuring the relationship between the government and the market and the approach to liberalize interest rates. The next three chapters will focus on the transformation of monetary policy framework by the central bank under the “New Normal.” This framework consists of objectives, instruments and the transmission mechanism, which will be elaborated in the following three chapters.

Suggested Citation

  • Haiqing DENG & Xi CHEN, 2016. "New Objectives of Monetary Policy," World Scientific Book Chapters, in: Reforging the Central Bank The Top-Level Design of the Chinese Financial System in the New Normal, chapter 4, pages 91-130, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814704809_0004
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    More about this item

    Keywords

    Central Bank; Chinese Financial System; Monetary Policy; Interest Rate Liberalization; RMB; Yuan;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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