Font Size: a A A

Theoretical And Practical Research On China's Monetary Policy Objective

Posted on:2003-07-31Degree:MasterType:Thesis
Country:ChinaCandidate:J LiFull Text:PDF
GTID:2206360065450838Subject:Finance
Abstract/Summary:PDF Full Text Request
Monetary policy becomes more and more important in the ecnomic field of one country.Monetary policy involve ultimate objectives,intermediate target,operative target and monetary instrument. Discussing these questions respectively is good to learning and mastering monetary policy not only for scolars but also for practitioners.The thesis is composed of 4 chapters.The first chater discuss the monetary theories and describe the new developments happenning in western countries.First.discuss the conception of monetary policy,then the function and content.Second,discuss the theory of ultimate objectives,discuss the relation between the monetary policy and economy and price.Thirdly,discuss the theory of intermediate target.the theory of monetary demand,the history of intermadiate target,the rejection between the rate and the monetary supplement.Fourthly.discuss the theory of operative target.the process of monetary supply.Last,discuss the theory of monetary instruments.The second chapter discuss the history and the present conditions of monetary policy in our country.There are two peroids of the development:before the reform and after it.The target before the reform is developing economy.stalizing price.The instruments are scales of credit and the plan of cash putting.The conductive process of monetary policy is simple and dirctive.After the reform,especially during the 1990s,directive adjustion becomes more and more obvious and the indirective adjustion becomes less.The patterns of adjustion are transferring.The third chapter discuss the monetary policy under financial openning and financial innovation.Adding WTO is meanning our Chinese financial openning more widely.This leads to high-speed development of foreign capital.This also leads to the reform of financial system.The last chapter disuss the establishment of monetary policy indirective adjustion. First.the corrent indirective adjustion in our country is not complete.Taking the monetary supply as the intermediate target is rational nowadays,and the key is adjusting basic monetary.
Keywords/Search Tags:ultimate objectives, intermediate target, operative target, monetary instrument, rate, monetary supplement, indirective adjustion
PDF Full Text Request
Related items