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Inflation and Growth in China

Inflation and Growth in China »

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 1996

DOI: http://dx.doi.org/10.5089/9781557755421.071

ISBN: 9781557755421

Keywords: inflation, monetary policy, money supply, foreign exchange, central bank

The linkage between inflation and economic growth has been the subject of considerable interest and debate. The 18 papers included in this volume comprise the proceedings of a conference on inflation and growth in...

Monetary and Exchange System Reforms in China
			: An Experiment in Gradualism

Monetary and Exchange System Reforms in China : An Experiment in Gradualism »

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

DOI: http://dx.doi.org/10.5089/9781557755629.084

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions,...

Deepening Structural Reform in Africa
			: Lessons from East Asia

Deepening Structural Reform in Africa : Lessons from East Asia »

Series: Books

Author(s): Laura Wallace

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 1997

DOI: http://dx.doi.org/10.5089/9781557756343.071

ISBN: 9781557756343

Keywords: structural adjustment, foreign exchange, banking, privatization, central bank

As Africa looks for ways to deepen and accelerate the economic reform process, what lessons can East Asia offer? this book edited by Laura Wallace, records the proceedings of a seminar that involved a dynamic excha...

II China’s Financial Reforms Since 1978: An Overview

II China’s Financial Reforms Since 1978: An Overview »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

Given the country’s history and size, China’s reform process thus far has been a unique experience. The transformation of China’s economy started at a much earlier date than the reform of similar economic sy...

III Financial Sector Development

III Financial Sector Development »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

Financial sector development has been characterized by the establishment of a two-tier banking system, followed by the significant expansion of the sector. The sector has diversifie...

IV Legal Underpinning for a Market-Based Financial System

IV Legal Underpinning for a Market-Based Financial System »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

Until 1995, the existence and operations of the People’s Bank of China (PBC) were based upon provisional regulations promulgated in 1986. The four state-owned specialized banks and...

V Development of Money and Capital Markets

V Development of Money and Capital Markets »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

While money market development has remained slow in the first decade and a half of reforms, capital market development has become one of the most salient parts of financial developm...

VI Payments, Clearing, and Settlement System

VI Payments, Clearing, and Settlement System »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

Despite 16 years of economic reforms, the Chinese economy is still largely cash based. Furthermore, the share of cash payments in total payments has increased since the beginning of...

VII Instruments of Monetary Policy and Monetary Developments

VII Instruments of Monetary Policy and Monetary Developments »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

Prior to the reforms, monetary policy was implemented through the credit plan and the cash plan. As the credit plan was the financial counterpart of the physical or investment plan,...

VIII Developments in the Exchange System

VIII Developments in the Exchange System »

Source: Monetary and Exchange System Reforms in China : An Experiment in Gradualism

Series: Occasional Papers

Author(s): Marc Quintyn , Bernard Laurens , Hassanali Mehran , and Tom Nordman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1996

ISBN: 9781557755629

Keywords: foreign exchange, central bank, monetary policy, bonds, financial sector

The Chinese exchange system has changed at an accelerating speed during the past fifteen years from one in which access to foreign exchange was highly restricted and the exchange ra...