Structure And Boundary Of Monetary Regulation Power

The people’s Bank of China is the country’s central bank; monetary regulationpower is entitled to the power of the main body, it is power to exercise monetarycontrol under the State Council. With the continuous development of China’s marketeconomy, especially in recent years, monetary regulation power in response to themonetary crisis, the real estate bubble and inflation issues played an important role.Excessive concentration of monetary regulation power, will inevitably lead to abuseof power, and it will breed corruption, will also produce a series of serious socialproblems. Therefore, the monetary regulation into the power frame of legalregulation is necessary.If we regard power as a free, so free to a certain boundary, it is necessary tomake a measure of order, freedom and balance order to achieve a just outcomewould mean, therefore, the power to monetary regulation should be limited."ThePeople’s Bank of China Law" gives the power monetary regulation People’s Bank ofChina, namely the power to formulate and implement monetary policy, the People’sBank of China has elected to use various monetary policy tools to regulate andcontrol the money supply in order to maintain monetary stability, to maintain ahealthy and sustainable economy development. However, in the "The People’s Bankof China Law" is rarely found in the relevant provisions of the abuse of power by themain monetary regulatory authority should bear the adverse consequences.Monetary regulatory authority as a public authority itself has a powerful social force,it should be tilted in the legislation, which tend to protect the exercise of power andless power requirements should bear the adverse legal consequences contrary to themodern rule of law by limiting the national spiritual powers in order to protect thepowers of citizens.This article describes four parts constructed from monetary control of itsborders power:The first part of the general theory of monetary regulation power t fromexpounds structure of monetary regulation power, mainly from the power of the main monetary regulation, content, feature static analysis of monetary regulationpower angle.The second part is from the root of the power to produce an analysis ofmonetary regulation, monetary regulation power is not explained, there has neverbeen, nor is accompanied generate money to produce, but the development ofcommodity economy to a certain stage of the product. After the Second World War,Eastern Europe, the Soviet Union, the new technological revolution, etc., towards amulti-polar world, and gradually formed a unified market, the development ofmonetary control powers with economic theory should also be made based onchanges adjustment adapted thereto.The third part of the operation from a dynamic point of view of monetaryregulation power, the power to run the monetary regulation is formulated from amonetary policy objective of monetary policy formulation and implementationprocess. To establish and maintain policies run power monetary regulation power,monetary regulation must apply the law to restrict the power from the program, themonetary regulation of the power to control the extent permitted by law.The fourth part is the binding mechanism of monetary regulation power, thepower to establish a unified and complete monetary regulation power and restraintmechanisms can effectively prevent the abuse of monetary regulation and the powerto prevent the occurrence of corruption. Constraints are mainly monetaryregulation power to legal constraints of monetary regulation power to restrictmonetary regulation power moral power to restrict the powers of monetaryregulation power and the power to restrict the powers of the four monetaryregulation power authority and restraint mechanisms, these four constraintmechanism to better serve structure and boundaries to explore the role of monetaryregulation power between them are not mutually isolated, but rather acomplementary whole.