New Objectives of Monetary Policy

Haiqing Deng and Xi Chen

Chapter 4 in Reforging the Central Bank:The Top-Level Design of the Chinese Financial System in the New Normal, 2016, pp 91-130 from World Scientific Publishing Co. Pte. Ltd.

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.

Keywords: Central Bank; Chinese Financial System; Monetary Policy; Interest Rate Liberalization; RMB; Yuan (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2016
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