Series: IMF Working Papers
Author(s): Wei Liao , and Sampawende Tapsoba
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2014
Keywords: Financial Liberalization, Financial Innovation, Money Demand Function, financial reforms, financial market, money demand, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects)
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of prog...