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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

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,...