Паричният режим на Китай по пътя на трансформацията
China’s Monetary Regime on Course for Transformation

Author(s): Kamellia Penkova
Subject(s): Economy, National Economy, Supranational / Global Economy, Public Finances, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: monetary policy regime; inflation targeting; People’s Bank of China
Summary/Abstract: The specific monetary regime is highly important to the overall monetary policy structure. In terms of changing economic conditions a change in the monetary regime could be necessary. This paper aims to analyze the monetary regime in the People's Republic of China and to determine whether there is a transformation in its nature. For this purpose, a historical review of the indicators targeted by the Central Bank of China is made, the de jure monetary regime is determined. Furthermore, are stated conditions that a monetary policy regime should fulfill to be called an inflation targeting. Finally, an analysis was made to establish whether the de facto monetary regime is inflation targeting.

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