Abstract
As financial liberalisation intensifies, China needs to reform its monetary policy framework commensurate with structural changes in the economy to ensure effective policy management in preparation for capital account convertibility. Without sufficient monetary policy tools, China will not be able to manage the economic volatility stemming from its transition to a market-driven model under the Impossible Trinity paradigm.
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© 2015 Chi Lo
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Lo, C. (2015). Monetary Policy Reform Fraught with Risks. In: China’s Impossible Trinity. Palgrave Macmillan, London. https://doi.org/10.1057/9781137538796_7
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DOI: https://doi.org/10.1057/9781137538796_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-55597-0
Online ISBN: 978-1-137-53879-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)