Matches in SemOpenAlex for { <https://semopenalex.org/work/W2898873147> ?p ?o ?g. }
Showing items 1 to 64 of
64
with 100 items per page.
- W2898873147 abstract "This chapter employs the basic framework of modern evolutionary theory to understand the evolution of central banking both around the world and in China. The key mechanism of evolution involves a three-stage process: differentiation, selection, and amplification. This evolutionary algorithm selected previously dominant central banking models around the world, including the ones practiced in China over the past century. The previous paradigm of central banking was that of the single mandate, ie, the exclusive focus on achieving and maintaining monetary stability. The global financial crisis induced a dramatic change in the environment that central banks operate in, which rendered the single mandate model obsolete and demanded a new and fitter model of central banking to cope with new financial and economic realities. A dual mandate model of central banking, which re-focused central banking on financial stability as well as monetary stability, emerged as the new paradigm. Macroprudential policies became the latest weaponry at central banks' disposal to accomplish their newly mandated dual missions. China's reform era central banking development bore the same evolutionary logic: the People's Bank of China evolved from a soviet-style state bank to the country's designated central bank with a heavy planned economy legacy and then to a more modern central bank following and advocating market principles and converging with (but also differentiating from) international practices, reflecting fundamental changes in the country's underlying economic and political conditions and changing demands for central banking. China's latest experiences dealing with its own domestic financial headwinds, in addition to international developments, helped spawn a new round of central banking and financial regulatory reforms there." @default.
- W2898873147 created "2018-11-09" @default.
- W2898873147 creator A5021048543 @default.
- W2898873147 date "2018-05-25" @default.
- W2898873147 modified "2023-10-02" @default.
- W2898873147 title "An evolutionary theory of central banking and central banking in China" @default.
- W2898873147 doi "https://doi.org/10.4337/9781784719227.00014" @default.
- W2898873147 hasPublicationYear "2018" @default.
- W2898873147 type Work @default.
- W2898873147 sameAs 2898873147 @default.
- W2898873147 citedByCount "0" @default.
- W2898873147 crossrefType "book-chapter" @default.
- W2898873147 hasAuthorship W2898873147A5021048543 @default.
- W2898873147 hasConcept C126285488 @default.
- W2898873147 hasConcept C136264566 @default.
- W2898873147 hasConcept C144133560 @default.
- W2898873147 hasConcept C162324750 @default.
- W2898873147 hasConcept C165556158 @default.
- W2898873147 hasConcept C177002080 @default.
- W2898873147 hasConcept C17744445 @default.
- W2898873147 hasConcept C191935318 @default.
- W2898873147 hasConcept C199539241 @default.
- W2898873147 hasConcept C2775884135 @default.
- W2898873147 hasConcept C2778300220 @default.
- W2898873147 hasConcept C2992735868 @default.
- W2898873147 hasConcept C541756307 @default.
- W2898873147 hasConcept C556758197 @default.
- W2898873147 hasConcept C73283319 @default.
- W2898873147 hasConcept C74363100 @default.
- W2898873147 hasConcept C84505015 @default.
- W2898873147 hasConceptScore W2898873147C126285488 @default.
- W2898873147 hasConceptScore W2898873147C136264566 @default.
- W2898873147 hasConceptScore W2898873147C144133560 @default.
- W2898873147 hasConceptScore W2898873147C162324750 @default.
- W2898873147 hasConceptScore W2898873147C165556158 @default.
- W2898873147 hasConceptScore W2898873147C177002080 @default.
- W2898873147 hasConceptScore W2898873147C17744445 @default.
- W2898873147 hasConceptScore W2898873147C191935318 @default.
- W2898873147 hasConceptScore W2898873147C199539241 @default.
- W2898873147 hasConceptScore W2898873147C2775884135 @default.
- W2898873147 hasConceptScore W2898873147C2778300220 @default.
- W2898873147 hasConceptScore W2898873147C2992735868 @default.
- W2898873147 hasConceptScore W2898873147C541756307 @default.
- W2898873147 hasConceptScore W2898873147C556758197 @default.
- W2898873147 hasConceptScore W2898873147C73283319 @default.
- W2898873147 hasConceptScore W2898873147C74363100 @default.
- W2898873147 hasConceptScore W2898873147C84505015 @default.
- W2898873147 hasLocation W28988731471 @default.
- W2898873147 hasOpenAccess W2898873147 @default.
- W2898873147 hasPrimaryLocation W28988731471 @default.
- W2898873147 hasRelatedWork W1481600181 @default.
- W2898873147 hasRelatedWork W1608745719 @default.
- W2898873147 hasRelatedWork W170345652 @default.
- W2898873147 hasRelatedWork W2027405617 @default.
- W2898873147 hasRelatedWork W2374135619 @default.
- W2898873147 hasRelatedWork W2403047499 @default.
- W2898873147 hasRelatedWork W2613984046 @default.
- W2898873147 hasRelatedWork W3123853170 @default.
- W2898873147 hasRelatedWork W3123875932 @default.
- W2898873147 hasRelatedWork W3125334484 @default.
- W2898873147 isParatext "false" @default.
- W2898873147 isRetracted "false" @default.
- W2898873147 magId "2898873147" @default.
- W2898873147 workType "book-chapter" @default.