Reforms in China’s Monetary Policy Reforms in China’s Monetary
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| China Monetary Policy Report, 87
China’s monetary policy framework, 3, 4, 5, 75–6, 96 instruments of, 78 targets, 76–7 transmission mechanism of, 88, 237 Chinese People’s Political Consultative Conference, 88 circulation and derivation theory claims, 9 Clark, 173, 233 clearing bank, 156 clearing instrument, 64 client, 10, 17–34, 69, 72, 128–9, 147, 152, 154 coins, 10, 38 collective enterprises, 88 commercial banks municipal commercial banks, 83 of systemic importance, 85, 100, 105 commercial bills, 37, 38 commodities, 25, 34, 73, 217, 222 competitive equilibrium, 35 conductivity coefficient, 169 conflicted virtue, 210–14 constraint on lending activities, 18 Construction Bank of China (CCB), 81 consumer credit, 86 consumer demand, 33–4, 197 consumer durables, 117 consumption consumption propensity, 113–17 Euler Equation of consumption, 179 function of consumption, 169 controllable policy assets, 130, 151 conventional money theory, 7, 9, 13–27, 32–3 corporate income taxes, 107 corporate logistic, 212 cost cost-push price rise, 218 CPC CPC Central Committee, 89, 93 CPI, 66, 68, 87, 99, 102, 147, 186, 221 CPPCC, 88 crawling peg, 90–1 credit consumer credit, 86 credit aggregate, 76–7, 104, 107 credit business, 17, 86 credit exchange, 13 credit level, 27, 87 credit market method, 39 credit money, 1–17, 18, 24–30, 128, 229, 237 credit monetary system, 7, 18, 30, 128, 229, 237 credit scale, 76–7, 96, 150, 215 credit stock, 107 credit structure, 83–6 creditor, 13–14, 23, 83, 211–14 exchange of credit claim, 23 vehicle of the credit, 27 credit policy, 83, 86, 88, 105 credit control, 77 credit limit control, 39 credit management, 96 credit policy support lending, 83, 105 244 ● Index credit policy—Continued financial stability, 83, 94–9, 105 special-purpose policy, 83, 105 credit quotas, 76, 128 credit size management, 104 currency appreciation of, 225 currency and payment demand, 172 currency deviation, 36 currency issuing, 166 current account current account balance, 164 flow, 164, 174, 196, 210 surplus, 3–4, 92–3, 168, 192–8, 206–14 cyclical factors, 165, 192, 195, 197 Decision on Issues Concerning the Building of the Socialist Market Economic System, 89 deficit, 4, 37, 46–56, 61–8, 121, 194–9, 210, 213, 230, 237 deflation, 51, 86, 107, 109, 110, 111, 160, 161, 212, 213, 214 degree of proactivity, 52 demand. Compare supply demand curve, 5, 54, 64, 181, 225 domestic demand, 97, 102, 117, 132, 192, 196–8, 205, 207, 218 effective demand, 34, 86, 107, 110 external demand, 102, 197–8 for liquidity, 56–60, 84–5 demographic dividend, 199, 203, 206, 209, 218, 221 deposit for big-ticket items, 113 cash deposits, 15, 69–70, 228 corporate deposits, 34 demand deposit, 36 deposit derivation and circulation, 16 deposit expansion, 14 deposit receipts, 59 deposit-loan gap, 32, 33, 68–75, 235 derived deposits, 20, 24–5 first deposit, 10 original deposit, 9–12, 20–5, 69 outstanding deposits, 18 remaining deposits, 17, 19, 33, 70 deposit rates, 82, 89, 109 upper limit for, 82 deposit reserve ratio, 12–14, 47, 67 ceiling of required deposit reserve ratio, 12 reserve payment, 13 depreciation of the nominal exchange rate, 219, 222 developed economies, 100, 169, 197, 198, 218 deviation, 99, 105, 113–25, 166, 175, 191 disposable income, 34, 193, 201, 205 domestic demand, 97, 102, 117, 132, 192–8, 205, 207, 218 domestic products, 117, 222 Dornbusch, 172, 234 double surplus, 100, 104, 106 in both the current and the capital accounts, 104 DSGE model, 5, 6, 163–91, 235–8. tải về 1.53 Mb. Chia sẻ với bạn bè của bạn:
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