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Open Market Operations in China: Practice and Experience
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作者 Dai Genyou, Director, Monetary Policy Department, People’s Bank of China. 《China & World Economy》 SCIE 2003年第4期21-29,共9页
On the basis of reviewing the reform on open mar-ket operations, this paper analyzes the framework, op-erational target and basic experience of open marketoperations of the People’s Bank of China. The authorpoints ou... On the basis of reviewing the reform on open mar-ket operations, this paper analyzes the framework, op-erational target and basic experience of open marketoperations of the People’s Bank of China. The authorpoints out that open market operations need to be coor-dinated with the use of other monetary policyinstruments; the infrastructure of open market opera-tions should be strengthened, and the development ofthe money market and the bond market should be fur-ther promoted. The author ends this article with theoutlook for open market operations in the future. 展开更多
关键词 PBC on of IS in Practice and experience OPEN been
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