Abstract
This part tries to introduce the structure of its monetary system, including its monetary authority, the decision-making process and the main instruments of its monetary policy, and thereby understands the money supply in China.
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Notes
- 1.
We use the data of M2 as all forms of deposits in financial system.
- 2.
We get Currency in Circulation (M0), M2 and Base Money (Monetary Base) from the official reports.
- 3.
Money Multiplier announced by the official reports is almost the same as the Money Multiplier that calculated directly using M2/Base Money, except some certain quarters.
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Wang, J. (2016). Rising CNY: “The Elephant in the Room”. In: The Past and Future of International Monetary System. SpringerBriefs in Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-0164-2_5
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DOI: https://doi.org/10.1007/978-981-10-0164-2_5
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Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-0163-5
Online ISBN: 978-981-10-0164-2
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