Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal

by Haiqing Deng, Xi Chen

Overview

Reforging the Central Bank presents an insightful comparison between financial development in China — a rising global economic superpower — under the old and new normal and an all-encapsulating study of current monetary transmission mechanism and monetary policy instruments. Focusing on the 'top-level design' for Chinese financial system and the reformation of People's Bank of China (PBoC), China's central bank, Dr Deng, head of the Fixed Income Research Department at CITIC Securities, and his team provide a deep analysis with useful suggestions and bold predictions for the central bank's new policy framework, new objectives, and new mechanisms in the future.As such, the carefully presented analysis of this book will be of value to researchers and curious readers who are interested in understanding of China's — a rising global economic superpower — future financial development environment.

Product Details

ISBN-13:	9789814704793
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	05/20/2016
Series:	Series On Chinese Economics Research , #14
Pages:	220
Product dimensions:	6.10(w) x 9.10(h) x 0.90(d)

Table of Contents

Introduction: From "The Old Normal" to "The New Normal" vii

Chapter 1 "The Old Normal" and China's Central Bank 1

Chapter 2 Restructuring Government-Market Relation - Superstructuralism 41

Chapter 3 A New View of Interest Rate Liberalization 55

Chapter 4 New Objectives of Monetary Policy 91

Chapter 5 New Monetary Policy Tools 131

Chapter 6 New Transmission Mechanism for Monetary Policy 143

Chapter 7 The Central Bank in Big Data Era 193

Bibliography 207

Index 209