Advertisement

Monetary Policy Reform Fraught with Risks

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.

Keywords

Interest Rate Monetary Policy European Central Bank Lending Rate Financial Liberalisation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Chi Lo 2015

Authors and Affiliations

  • Chi Lo
    • 1
  1. 1.Economic StrategistHong Kong

Personalised recommendations