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Published in:
The Impossible Trinity in China Read chapter Read first chapter

2015 | OriginalPaper | Chapter

Monetary Policy Reform Fraught with Risks

Author : Chi Lo

Published in: China’s Impossible Trinity

Publisher: Palgrave Macmillan UK

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As financial liberalisation intensifies, China needs to reform its monetary policy framework commensurate with structural changes in the economy to ensure effective policy management in preparation for capital account convertibility. Without sufficient monetary policy tools, China will not be able to manage the economic volatility stemming from its transition to a market-driven model under the Impossible Trinity paradigm.

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previous chapter From Financial Repression to Liberalisation
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Metadata
Title
Monetary Policy Reform Fraught with Risks
Author
Chi Lo
Copyright Year
2015
Publisher
Palgrave Macmillan UK
Book
China’s Impossible Trinity

Print ISBN: 978-1-349-55597-0

Electronic ISBN: 978-1-137-53879-6

Copyright Year: 2015

DOI
https://doi.org/10.1057/9781137538796_7