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W.E.P. - Würzburg Economic Papers, Lst. f. VWL, Geld u. internat. Wirtschaftsbeziehungen, Universität Würzburg >

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dc.contributor.authorGeiger, Michaelen_US
dc.description.abstractChina's monetary policy disposes of two sets of monetary policy instruments: Instruments of the central bank, the People's Bank of China (PBC) and non-monetary policy instruments. Additionally, the PBC's instruments include price-based indirect and quantity-based direct instruments. The simultaneous usage of these instruments leads to various distortions that ultimately prevent the interest rate channel of monetary transmission from functioning. Moreover, the strong influences of quantity-based direct instruments and non-monetary policy instruments question the approach of indirect monetary policy in general.en_US
dc.relation.ispartofseriesWürzburg economic papers 68en_US
dc.subject.keywordmonetary policy strategiesen_US
dc.subject.keywordmonetary policy instrumentsen_US
dc.titleMonetary Policy in China (1994-2004) : Targets, Instruments and their Effectivenessen_US
dc.typeWorking Paperen_US
Appears in Collections:W.E.P. - Würzburg Economic Papers, Lst. f. VWL, Geld u. internat. Wirtschaftsbeziehungen, Universität Würzburg

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