China’s Monetary Policy Regulation and Financial Risk Prevention

The Study of Effectiveness and Appropriateness

Authors: Zhou, Hui

  • Makes an empirical study on monetary policy effectiveness, provides theoretical basis and empirical demonstration implementation in China
  • Uses GARCH mean value model and MGARCH-BEKK model to build pressure index and gives a three-level pre-warning on currency crisis, bank crisis and asset bubble crisis
  • Systemically introduces the idea of macro-prudential regulation into China financial system
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eBook $99.00
price for USA (gross)
  • ISBN 978-3-662-44093-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-662-44092-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 4, 2016
  • ISBN 978-3-662-52587-6
  • Free shipping for individuals worldwide
About this book

This book utilizes an innovative approach combining qualitative and quantitative methods to investigate the correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial risk prevention systems and reaches conclusions with both theoretical and practical value. The book offers an empirical analysis of the effectiveness of monetary policy, specifies the correlations between monetary policy, economic growth and inflation and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous research in China has primarily focused on the correlation between monetary policy and a specific asset price, while this book comprehensively addresses the appropriateness of real estate, stock, bond and futures price regulation through monetary policies, lending it a high degree of practical significance. In order to arrive at a systemic risk prevention and regulation mechanism for China, the book uses the GARCH mean value model and MGARCH-BEKK model to create a pressure index and provide a three-level pre-warning system for currency crises, bank crises and asset bubble crises. The book systemically introduces the idea of macro-prudential regulation into the Chinese financial system by first clarifying the necessity of implementing macro-prudential regulation in China and then proving its effectiveness in mitigating pro-cyclicality and enhancing steady economic growth by constructing a mitigation model.

Table of contents (8 chapters)

  • Literature Review and Research Framework

    Zhou, Hui

    Pages 1-18

  • Effectiveness Study of Chinese Monetary Policy Regulation on Economic Growth and Inflation

    Zhou, Hui

    Pages 19-32

  • Appropriateness Study of Monetary Policy Regulation on Real Estate Price

    Zhou, Hui

    Pages 33-59

  • Appropriateness Study of Monetary Policy Regulation on Stock Price

    Zhou, Hui

    Pages 61-78

  • Appropriateness Study of Monetary Policy Regulation on Bond Price

    Zhou, Hui

    Pages 79-97

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-662-44093-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-662-44092-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 4, 2016
  • ISBN 978-3-662-52587-6
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
China’s Monetary Policy Regulation and Financial Risk Prevention
Book Subtitle
The Study of Effectiveness and Appropriateness
Authors
Copyright
2015
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-662-44093-3
DOI
10.1007/978-3-662-44093-3
Hardcover ISBN
978-3-662-44092-6
Softcover ISBN
978-3-662-52587-6
Edition Number
1
Number of Pages
XIX, 186
Number of Illustrations and Tables
3 b/w illustrations, 42 illustrations in colour
Topics