Introduction:
The market-based interest rate reform remains a core part of China's financial reforms, and an important topic of both theoretical and policy studies. This book presents a comprehensive analysis of the process and logic of China's interest rate reform from a historical perspective. It is structured along three lines, i.e. loosening interest rate controls, establishing market-based interest rates, and building an effective interest rate adjustment mechanism, and systematically reviews the characteristics and evolvement of the reform process. The book further explores the lessons and challenges of the reform by examining China's development stage and auxiliary reforms needed, and offers policy recommendations on how to further push forward the reform.
Table of Contents:
Chapter 1: Interest Rate Deregulation: China's Path
Chapter 2: Characteristics of China's Interest Rate System
Chapter 3: Central Bank Interest Rate Adjustment over the Course of Market-based Interest-rate Reform
Chapter 4: Interest Rate Liberalization and Economic and Financial Development
Chapter 5: Market-based interest rate reform and the construction of related systems
Chapter 6: Overall Evaluation and Policy Recommendation on China's Interest Rate Reform
Excerpt:
http://new.cf40.org.cn/uploads/newsletter/PanChapter6.pdf
About the Research Group:
Lead: Pan Gongsheng
Members: