Автор: Beggs Michael, Deer Luke Название: Remaking Monetary Policy in China: Markets and Controls, 1998-2008 ISBN: 9811397252 ISBN-13(EAN): 9789811397257 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book covers the recent history of Chinese monetary policy. While most current work focuses on This book traces and explains the evolution of Chinese monetary policy in the years before 2008. The turn towards interest rate deregulation and market-oriented policy in China in recent years is often seen as a break with former command-and-control policy norms, in favour of Western central banking norms. We argue that Chinese monetary policy already went through a transformation under the influence of ‘new consensus’ macroeconomics after 1998, but that this surprisingly led to increased reliance on direct banking controls in the 2000s. Therefore, many of the controls that look to many like a remnant of central planning are in fact an outcome of an earlier attempt to ‘rationalise’ monetary policy, in unusual Chinese conditions. Specifically, policy returned to direct controls because of an underdeveloped interbank money market, and a glut of bank liquidity associated with enormous foreign exchange inflows in the mid-2000s.
Автор: Beggs Robert Название: Mastering Kali Linux for Advanced Penetration Testing ISBN: 1782163123 ISBN-13(EAN): 9781782163121 Издательство: Неизвестно Рейтинг: Цена: 74780.00 T Наличие на складе: Есть у поставщика Поставка под заказ.
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