This book looks at the characteristics of China’s monetary policy since 1978, when China opened its door to private enterprises and the world. It provides a comprehensive study backed by theoretical and empirical researches in the following three aspects: (1) the impact on the monetary transmission mechanism by the private sector; (2) the identification of cost-push inflation and related monetary policy choices; and (3) challenges and responses to China’s monetary policy under the open-door policy.
1. Detailed overview of the characteristics of China's monetary economy
2. Comprehensive examination into the relationship between China's opening-up policy and monetary policy
3. In-depth analysis on cost-push and demand-pull inflation in China
4. Unique insight into China's future monetary policy choices
About the Author:
Fan Zhiyong is an Associate Professor of Economics, School of Economics, Renmin University of China. His researches focus on the international capital market research and open macroeconomics. His publications include China's Monetary Economics and Its International Comparisons (2007) and Research on China's Demand-Pull Inflation and Cost-Push Inflation and Its Policy Choice (2008).