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The Role of Central Banking in China's Economic Reforms

59 Role of Central Banking
Carsten A. HOLZ
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"A thoroughly researched study of the banking system from 1978 to early 1990." -- Australian Journal of Chinese Affairs  | 236 pages


Introduction: The Monetary System in the Context of Economic Reform      1 Change in the Role of Money      2 Institutional Reform of the Banking System

Part 1 The People's Bank of China

  • Chapter 1 Organization
  • Chapter 2 Monetary Policy Instruments: Traditional Liquidity Policy
  • Chapter 3 Monetary Policy Instruments: Modern Liquidity Policy
  • Chapter 4 Monetary Policy Instruments: Interest Rates
  • Chapter 5 Influence of State Budget Deficits and of Financial Institutions on Monetary Policy


Part 2 Monetary Policy and the Economy

  • Chapter 6 Monetary Policy
  • Chapter 7 Monetary Overinvestment
  • Conclusions
  • Appendix A: Economic Data
  • Appendix B: Glossary of Chinese Terms
  • Selected References 


  • Carsten HOLZ, Associate Professor of Social Science at the Hong Kong University of Science and Technology, was awarded the 2001 Gordon White Prize for Economic Reforms and State Sector Bankruptcy in China, see The China Quarterly (June 2001, No. 166).

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