Jump to ContentJump to Main Navigation
China, Asia, and the New World Economy$
Users without a subscription are not able to see the full content.

Barry Eichengreen, Yung Chul Park, and Charles Wyplosz

Print publication date: 2008

Print ISBN-13: 9780199235889

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199235889.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 February 2020

Chinese Macroeconomic Management: Issues and Prospects

Chinese Macroeconomic Management: Issues and Prospects

(p.254) 10 Chinese Macroeconomic Management: Issues and Prospects
China, Asia, and the New World Economy

Yu Yongding

Oxford University Press

This chapter begins with a historical review of China's monetary policy since the later 1990s. It briefly describes China's fiscal policy, then discusses China's growth prospects in 2006. It is argued that China is currently at a transitional stage between a government-led and market-led banking system, where neither official diktat nor market prices allow effective monetary control. Similarly, with the development of additional channels for capital flows into and out of the country, the authorities' limited tolerance for exchange rate flexibility increasingly poses a constraint on monetary control.

Keywords:   monetary policy, China, inflation, fiscal policy, government-led banking, market-led banking

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 .