Journal of Central Banking Law and Institutions
Vol. 1 No. 1 (2022)

China’s Central Bank and Monetary Policy in the Context of Global Financial Crisis: A Historical View

Shen Wei (Shanghai Jiao Tong University Law School)

Article Info

Publish Date
28 Dec 2021

Abstract

Central banks have been said to take partial responsibility for the global financial crisis. In a broader sense, central banks play a key role in shaping monetary and economic policies. After the global financial crisis, central banks are burdened with more tasks of ensuring economic growth, employment, and financial stability. This article takes a historical view towards the policy landscape and monetary instruments the People’s Bank of China, China’s central bank, has been working on to achieve various policy initiative. Although the general consensus is that China’s central bank may have more authority in policymaking, its multiple tasks, functions,and goals may constrain its capabilities and autonomy. China central bank’s ambition to internationalize Renminbi may further complicate its policy agenda and the way it deploys monetary instruments.

Copyrights © 2022




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Journal of Central Banking Law and Institutions
Website

Abbrev

jcli

Publisher

Bank Indonesia Institute

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Journal of Central Banking Law and Institutions (JCLI) is an international peer-reviewed journal. ​​JCLI publishes triannually. JCLI focuses on a range of topics examining the intersection of central banking law and institutions on the monetary, financial system, and payment systems that include ...