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dc.contributor.authorGeiger, Michaelen
dc.date.accessioned2009-01-29T14:57:30Z-
dc.date.available2009-01-29T14:57:30Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/22361-
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
dc.language.isoengen
dc.publisher|aUniversity of Würzburg, Department of Economics |cWürzburgen
dc.relation.ispartofseries|aW.E.P. - Würzburg Economic Papers |x68en
dc.subject.jelE52en
dc.subject.jelE58en
dc.subject.ddc330en
dc.subject.keywordChinaen
dc.subject.keywordmonetary policy strategiesen
dc.subject.keywordmonetary policy instrumentsen
dc.titleMonetary Policy in China (1994-2004): Targets, Instruments and their Effectiveness-
dc.typeWorking Paperen
dc.identifier.ppn511445091en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewep:68en

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