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|z 9781484385647
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|a 1018-5941
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|a BD-DhAAL
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|a McMahon, Michael.
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|a China's Monetary Policy Communication :
|b Frameworks, Impact, and Recommendations /
|c Michael McMahon, Alfred Schipke, Xiang Li.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (32 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its financial system and open its economy. This paper discusses the country's unique institutional setup and empirically analyzes the impact on financial markets of the PBC's main communication channels, including a novel communication channel. The results suggest that there has been significant progress but that PBC communication is still evolving toward the level of other major economies. The paper recommends medium-term policy reforms and reforms that can be adopted quickly.
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|a Mode of access: Internet
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|a Li, Xiang.
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|a Schipke, Alfred.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/244
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/244/001.2018.issue-244-en.xml
|z IMF e-Library
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