Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal
英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献
ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter
澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文
小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法
英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查
temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语
经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目
日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题
职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意
论文作者:英语论文论文属性:作业 Assignment登出时间:2014-08-29编辑:yangcheng点击率:10013
论文字数:3555论文编号:org201408272216029984语种:英语 English地区:英国价格:免费论文
关键词:货币政策monetary policy历史背景英国作业财政政策
摘要:这是一篇介绍中国的财政和货币政策历史的留学生小essay,中国实际上是世界上的新兴力量,资金流量和流动资产正在以惊人的水平增加,这也被称为货币供应增长,但是这也带来了很多问题,本文就此展开分析。
Monetary policies, as any other policy needs instruments to be able to manipulate, in order to attain the desired effects in the economy, as consequence of the system’s complexity. Central Banks deal specially with interest rates, monetary base (money supply), reserves, discount window lending or arranging a currency board. As any other policy, monetary authorities must consider the time lags for the multiplier to take place, and determine their perspective. Should it adopt a short-term or long term perspective? Are they looking forward to ease money supply growth in order to decrease unemployment rate, depreciate local currency and promote their local exports competiveness abroad? Should they respond reactively with interest rates to inflationary pressures and economic overheats, augmenting leverage rates for the private sector and at the same time spurring foreign investment?
Control of the money supply
Many studies based on China’s economic development and growth, match in their hypothesis for China’s main macroeconomic objective “aimed at continuing to achieve economic growth, while keeping inflation at a minimum” (Seki, M. Nakayama, S. & Suzuki Y. 2006).
Yu Yong-Ding’s review of China’s Macroeconomic Development and Policies in the 1990’s, also sustains the hypothesis stated above. From this article we can see how China has been continuously attempting it’s sustainable growth (10.1%, annual average) keeping inflation at a minimum (Chart 9) since the past 2 decades. China’s highest rate of inflation was evidenced in 1994 (24.1%). Yong-Ding attributes this upshot to three main causes. First, shortage resulted from previous years massive capital flows translated to substantial growth of the monetary base (Figure 2). Second, price liberalization. Third, the sterilization policy deployed by the Public Bank of China (PBC), a policy that has underpin world’s currency wars. In this situation, the PBC reacted with restricting its monetary policy, controlling and reducing its monetary supply, increasing interest rates and the minimum reserve ratio.
In the past decade, it was observed a very similar behavior of China’s PBC macroeconomic reactions towards inflation and economic growth. Osamu Tanaka in his research of China’s Macroeconomic Policy Shift in 2008, which he refers to, as the political process from tightening to easing, recalls the macroeconomic policy trends. In 2003, PBC tightened its monetary policy and raised the minimum reserve rate, in response to overheated investment, by 5 basic points, from 7% to 7.5%. This decision was accompanied by an interest rate hike (benchmark rate hike) of 0.27% (Chart 17). In this decade the PBC had a policy of revaluating gradually the renminbi (RMB) currency. China has realiz本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。