China's Monetary Policy: Too Tight?

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关键词
China’s Monetary Policy; Too Tight; In; than;
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中图分类号
F822.0 [方针政策及其阐述];
学科分类号
020101 ; 020203 ; 020204 ;
摘要
The prudent monetary policy with Chinese characteristics has taken shape step by step since the beginning of 1998. The background for the formation of the policy was: (1) financial risk problem was extraordinarily outstanding and the pressing task at the time was to prevent and reduce financial risks; (2) a turning-point change occurred in the market supply and demand, with structural conflicts becoming the main contradictions and the effective demand for loans was inadequate; (3) a proactive fiscal policy was implemented, with the central finance issuing bonds to commercial banks, which meant the use of monetary policy to sustain
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页码:16 / 20
页数:5
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