Reforging the Central Bank

The Top-Level Design of the Chinese Financial System in the New Normal

Reforging the Central Bank presents an insightful comparison between financial development in China — a rising global economic superpower — under the old and new normal and an all-encapsulating study of current monetary transmission mechanism and monetary policy instruments. Focusing on the "top-level design" for Chinese financial system and the reformation of People's Bank of China (PBoC), China's central bank, Dr Deng, head of the Fixed Income Research Department at CITIC Securities, and his team provide a deep analysis with useful suggestions and bold predictions for the central bank's new policy framework, new objectives, and new mechanisms in the future.

As such, the carefully presented analysis of this book will be of value to researchers and curious readers who are interested in understanding of China's — a rising global economic superpower — future financial development environment.

Contents:

• "The Old Normal" and China's Central Bank
• Restructuring Government–Market Relation — Superstructuralism
• A New View of Interest Rate Liberalization
• New Objectives of Monetary Policy
• New Monetary Policy Tools
• New Transmission Mechanism for Monetary Policy
• The Central Bank in Big Data Era

Readership: Researchers, economists, finance professionals, analysts, individual investors, monetary and banking authorities in Asia and general readers who are interested in China's reform in its financial system, particularly the central bank's new policy framework.
Key Features:

• First book to propose the idea of "Central Bank 4.0"
• This book provides the most up-to-date analysis on China's central bank, including interest rate liberalization, Shanghai FTZ, the big data application etc.
• Contributed by top experts, including those from China's central bank and the Chinese Academy of Social Sciences