Jump to ContentJump to Main Navigation
The Oxford Companion to the Economics of China$
Users without a subscription are not able to see the full content.

Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 17 January 2019

Monetary policy in China

Monetary policy in China

Chapter:
(p.194) 29 Monetary policy in China
Source:
The Oxford Companion to the Economics of China
Author(s):

Eswar Prasad

Boyang Zhang

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199678204.003.0030

This chapter examines the state of monetary and exchange rate policies in China. China’s increasing openness to trade and financial flows and the economy’s gradual transition to a market-oriented policy has increased the importance of developing an effective monetary policy framework. Monetary policy plays a crucial role in macro-economic and financial stability, helps to promote the efficient allocation of resources, and serves as a buffer against internal and external shocks. Despite the evolution of China’s monetary policy framework over time, it remains constrained by a managed exchange rate regime, institutional weaknesses, and an underdeveloped financial system that reduces the potency of the monetary transmission mechanism.

Keywords:   Chinese economy, monetary policies, exchange rates, financial system, internal and external shocks

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .