Research on China's Monetary Policy System and Conduction Mechanism

This book examines the impact of China's monetary policy on four transmission mechanisms: interest rate, credit, exchange rate, and asset price, and its influence on the macroeconomy.

Format: Hardback
Length: 288 pages
Publication date: 29 March 2023
Publisher: Springer Verlag, Singapore

This book delves into a comprehensive examination of the impact of China's monetary policy on four key transmission mechanisms: interest rates, credit, exchange rates, and asset prices. By carefully analyzing these transmission channels, the book seeks to determine whether China's monetary policy exerts influence on these mechanisms and, in turn, whether these mechanisms have a significant impact on the overall macroeconomy. The study employs a rigorous methodology, drawing on a range of empirical evidence and economic theories, to arrive at its findings.

Interest rates play a pivotal role in the transmission of monetary policy, as changes in interest rates can affect borrowing costs and investment decisions across different sectors of the economy. The book explores the relationship between China's monetary policy and interest rates, examining how changes in interest rates impact consumer spending, business investment, and overall economic growth.

Credit is another critical transmission mechanism, as it allows individuals and businesses to access capital for investment and consumption. The book investigates the impact of China's monetary policy on credit availability, interest rates, and credit risk, examining how these factors influence economic activity and investment decisions.

Exchange rates are also important in the transmission of monetary policy, as they can affect the competitiveness of domestic industries and the trade balance of the country. The book analyzes the relationship between China's monetary policy and exchange rates, examining how changes in exchange rates impact exports, imports, and overall economic growth.

Asset prices, such as stock prices and property prices, are closely linked to economic conditions and can serve as indicators of economic health. The book investigates the impact of China's monetary policy on asset prices, examining how changes in asset prices affect consumer confidence, investment decisions, and overall economic stability.

In conclusion, this book provides a valuable contribution to the literature on China's monetary policy and its impact on the macroeconomy. By examining the transmission mechanisms of interest rates, credit, exchange rates, and asset prices, the book sheds light on the complex interplay between monetary policy and economic outcomes. The findings of the study have important implications for policymakers and investors alike, as they can help inform decisions about monetary policy and economic development in China.

Weight: 623g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811990595
Edition number: 1st ed. 2023