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- W2977929210 abstract "Since foreign exchange reserves are increasing rapidly and the exchange rate regime is facing with a choice,the independence of monetary policy in China garnered particular attention.In this essay,the Ordered Probit model is introduced to conduct an empirical analysis on the independence of Chinese monetary policy relative to the U.S.monetary policy.The results show that: from January 1998 to June 2011,China has basically maintained the independence of monetary policy.Analyzing the difference of the independence of Chinese monetary policy in the two periods from January 1998 to June 2005 and July 2005 to June 2011,when the floating band of the exchange rate showed a significant difference,it can be concluded that the relaxation of the RMB exchange rate floating range did not result in the enhancement of the independence of Chinese monetary policy,and the relaxation of exchange controls cannot enhance the independence of Chinese monetary policy." @default.
- W2977929210 created "2019-10-10" @default.
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- W2977929210 date "2012-01-01" @default.
- W2977929210 modified "2023-09-25" @default.
- W2977929210 title "Empirical Analysis on the Independence of Chinese Monetary Policy Relative to the U.S. Monetary Policy" @default.
- W2977929210 hasPublicationYear "2012" @default.
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