China's Opening-up

This book looks at the characteristics of China's monetary policy since 1978, when China opened its door to private enterprises and the world. It provides a comprehensive study backed by theoretical and empirical researches in the following three aspects: (1) the impact on the monetary transmission mechanism by the private sector; (2) the identification of cost-push inflation and related monetary policy choices; and (3) challenges and responses to China's monetary policy under the open-door policy.