China's Opening-up: The Impact On Monetary Policy Choice (enrich Series On China's Economic Issues) (volume 1)

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. Contents Preface to the Series Preamble PART I Monetary Characteristics during Macroeconomic Fluctuation in China Monetary Economy Characteristics during Macroeconomic Fluctuation in China and an International Comparison PART II A Study on Endogenous Factors of Monetary Transmission Mechanism in China Definition of Endogenous Money Supply and Relevant Concepts Literature Review of Endogenous Money Supply Theory Inventory, Monetary Shock and Relative Price Endogenous Disturbance Selection of Family Assets and Endogenous Fluctuation in Money Circulation VelocityFinancial Intermediary Asset Selection and Endogenous Money Supply Financial Accelerator and Endogenous Money Supply Macroeconomic Policy in Endogenous Money Supply Conditions PART III A Comparative Study of Demand-pull and Cost-push Inflation A Comparison of the Characteristics of Demand-pull and Cost-push Inflation Case Study of Cost-push Inflation PART IV Choice of Monetary Policy in the Context of Inflation Transmission and Excess Liquidity in an Open Economy Coordination and Substitution of Monetary Policy and Exchange Rate Policy in ChinaCharacteristics of Monetary Instruments and Policy Choice in the Context of Excess Liquidity References INDEX Fan Zhiyong Looks At The Characteristics Of China's Monetary Policy Since 1978, When China Opened Its Doors To Private Enterprise And The World. 1. Monetary Economy Characteristics During Macroeconomic Fluctuation In China And An International Comparison -- 2. Definition Of Endogenous Money Supply And Relevant Concepts -- 3. Literature Review Of Endogenous Money Supply Theory -- 4. Inventory, Monetary Shock And Relative Price Endogenous Disturbance -- 5. Selection Of Family Assets And Endogenous Fluctuation In Money Circulation Velocity -- 6. Financial Accelerator And Endogenous Money Supply -- 7. Financial Accelerator And Endogenous Money Supply -- 8. Macroeconomic Policy In Endogenous Money Supply Conditions -- 9. A Comparison Of The Characteristics Of Demand-pull And Cost-push Inflation -- 10. Case Study Of Cost-push Inflation -- 11. Coordination And Submission Of Monetary Policy And Exchange Rate Policy In China -- 12. Characteristics Of Monetary Instruments And Policy Choice In The Context Of Excess Liquidity. Fan Zhiyong. Includes Bibliographical References (p. [245]-265) And Index. This series covers a wide range of economic issues related to contemporary China. Tracking the future trend in China's economic development, this account discusses monetary policy, fiscal policy, the growth of regional economies, and industrial and banking developments