Economic reforms and long-run money demand in China: implications for monetary policy.

The results of a study suggest that Chinese monetary authorities should use the monetary aggregate M2 in setting monetary policy. Economic and financial reforms in China since the late 1970s have increased the importance of savings deposits within the money supply and reduced the importance of curre...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 60; pp. 936 - 946
Main Authors:	Hafer, R. W., Kutan, A. M.
Format:	Article
Published:	Southern Economic Association April 1994
Subjects:	Demand for money Monetary policy Economic change China
Online Access:	View this record in EBSCOhost