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This book utilizes an innovative approach combining qualitative and quantitative methods to investigate the correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial risk prevention systems, and reaches conclusions with both theoretical and practical value. The book offers an empirical analysis of the effectiveness of monetary policy, specifies the correlations between monetary policy, economic growth and inflation, and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous research in China has primarily focused on the correlation between monetary policy and a specific asset price, while this book comprehensively addresses the appropriateness of real estate, stock, bond and futures price regulation through monetary policies, lending it a high degree of practical significance. In order to arrive at a systemic risk prevention and regulation mechanism for China, the book uses the GARCH mean value model and MGARCH-BEKK model to create a pressure index and provide a three-level pre-warning system for currency crises, bank crises and asset bubble crises. The book systemically introduces the idea of macro-prudential regulation into the Chinese financial system by first clarifying the necessity of implementing macro-prudential regulation in China and then proving its effectiveness in mitigating pro-cyclicality and enhancing steady economic growth by constructing a mitigation model.

Economics/Management Science. --- Financial Economics. --- Macroeconomics/Monetary Economics. --- Economic Policy. --- Economics. --- Economic policy. --- Macroeconomics. --- Finance. --- Economie politique --- Politique économique --- Macroéconomie --- Finances --- Financial risk management -- China. --- Inflation (Finance) -- China. --- Monetary policy -- China. --- Finance --- Business & Economics --- Finance - General --- Monetary policy --- Financial risk management --- Macroeconomics/Monetary Economics//Financial Economics. --- Risk management --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy

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With

Banks and banking -- China. --- China -- Politics and government -- 1976-2002. --- China -- Politics and government -- 2002-. --- Monetary policy -- China. --- Banks and banking --- Monetary policy --- Finance --- Business & Economics --- Banking --- China --- Politics and government --- E-books --- CN / China - Chine --- 333.111.0 --- banques --- chine --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- banken --- china

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Private finance --- China --- Money --- Monetary policy --- Politique monétaire --- CN / China - Chine --- 333.111.0 --- -333.101 --- 333.820 --- -333.480 --- Studies of the East Asian Institute, Columbia University --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Finance --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Banksysteem en bankstelsel. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Geldstelsel. --- Politique monétaire --- 333.101 --- 333.480 --- Banksysteem en bankstelsel --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Geldstelsel --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Money - China. --- Monetary policy - China.

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This edited volume expands the scope of risk management beyond finance to include resources and environment issues in China. It presents the state-of-the-art approaches of using risk management to effectively manage resources and environment. Both case studies and theoretical methodologies are discussed.

Corporations -- Finance -- China. --- Finance -- China. --- Investments, Foreign -- Law and legislation -- China. --- Monetary policy -- China. --- Public welfare -- China. --- Risk management -- China. --- Risk management --- Natural resources --- Economic development --- Environmental management --- Environmental risk assessment --- Management --- Business & Economics --- Management Theory --- Management Styles & Communication --- Environmental stewardship --- Stewardship, Environmental --- Business. --- Operations research. --- Decision making. --- Environmental economics. --- Business and Management. --- Operation Research/Decision Theory. --- Environmental Economics. --- Risk assessment --- Precautionary principle --- Environmental sciences --- Operations Research/Decision Theory. --- Economics --- Environmental quality --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Environmental aspects --- Economic aspects --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Decision making

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China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant financial innovation (so-called shadow banking) and more liberalized interest rates. The analysis of international experience suggests that rapid development of the financial system often leads to structural shifts in the MDF. For example, financial innovation and liberalization alter the sensitivity of money balances to income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and interest rates that existed between 2002 and 2008 disappears after 2008. This coincides with the period of rapid financial innovation, especially the growth in off-balance sheet and nonbank financial intermediation. The results suggest that usefulness of M2 as an intermediate monetary target has declined with financial innovation and reform. A result that underscores the importance of moving toward increased reliance on more price-based targets such as interest rates.

Finance -- China. --- Interest rates -- China. --- Monetary policy -- China. --- Finance --- Business & Economics --- Money --- Banks and Banking --- Macroeconomics --- Money and Monetary Policy --- Real Estate --- Demand for Money --- Financial Markets and the Macroeconomy --- Monetary Policy --- International Financial Markets --- Personal Income, Wealth, and Their Distributions --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Housing Supply and Markets --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Monetary economics --- Banking --- Property & real estate --- Demand for money --- Personal income --- Velocity of money --- Housing prices --- National accounts --- Prices --- Monetary base --- Income --- Banks and banking --- Housing --- Money supply --- China, People's Republic of