Money and Monetization in China's Economic Reform

Posted: 29 Nov 2015

See all articles by Kui-Wai Li

Kui-Wai Li

Munk School of Global Affairs, University of Toronto

Multiple version iconThere are 2 versions of this paper

Date Written: 1997

Abstract

In addition to privatization, marketization, liberalization and pragmatization, monetization has been argued as the fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money supply or interest rate are to affect macroeconomic variables, the construction of four causality relationships between interest rate and savings, money and inflation, interest rate and investment, and money and national income do not support the evidence of such a process in China between the late 1970s and early 1990s.

Keywords: Monetization, China economic reform

JEL Classification: E50, P24

Suggested Citation

Li, Kui-Wai, Money and Monetization in China's Economic Reform (1997). Applied Economics, Vol. 29, No. 9, 1997, Available at SSRN: https://ssrn.com/abstract=2696387

Kui-Wai Li (Contact Author)

Munk School of Global Affairs, University of Toronto ( email )

Toronto
Canada

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