Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal: The Top-Level Design of the Chinese Financial System in the New Normal

Reforging the Central Bank presents an insightful comparison between financial development in China — a rising global economic superpower — under the old and new normal and an all-encapsulating study of current monetary transmission mechanism and monetary policy instruments. Focusing on the "top-level design" for Chinese financial system and the reformation of People's Bank of China (PBoC), China's central bank, Dr Deng, head of the Fixed Income Research Department at CITIC Securities, and his team provide a deep analysis with useful suggestions and bold predictions for the central bank's new policy framework, new objectives, and new mechanisms in the future.

As such, the carefully presented analysis of this book will be of value to researchers and curious readers who are interested in understanding of China's — a rising global economic superpower — future financial development environment.

Contents:

• Macroeconomic Regulations and Chinese Central Bank under the Old Normal
• The New Normal and New Challenges
• Central Bank's New Monetary Policy
• New Objectives for Monetary Policy
• Revolutions in Monetary Policy Instruments
• New Monetary Policy Transmission Mechanism
• The Central Bank and Financial Regulation
• The Globalization of Central Bank under the New Normal

Readership: Researchers, economists, finance professionals, analysts, individual investors, monetary and banking authorities in Asia and general readers who are interested in China's reform in its financial system, particularly the central bank's new policy framework.
Central Bank;Chinese Financial System;Monetary Policy;Interest Rate Liberalization;RMB;YuanKey Features:

• First book to propose the idea of "Central Bank 4.0"
• This book provides the most up-to-date analysis on China's central bank, including interest rate liberalization, Shanghai FTZ, the big data application etc.
• Contributed by top experts, including those from China's central bank and the Chinese Academy of Social Sciences