Monetary and Exchange System Reforms in China: An Experiment in Gradualism

Marc Quintyn, Bernard Laurens, Hassanali Mehran and Tom Nordman

No 1996/006, IMF Occasional Papers from International Monetary Fund

Abstract: In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.

Keywords: OP; People's Bank of China; monetary policy; PBC branch; government; market; PBC headquarters; PBC law; PBC branch account; cash plan; Commercial banks; Credit; Government securities; Interbank markets; Southeast Asia; Global; Europe; East Asia; Eastern Europe (search for similar items in EconPapers)
Pages: 100
Date: 1996-09-26
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Citations: View citations in EconPapers (25)

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