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| Author: | Liu, Jie |
| Title: | Reserve for bank savings: the regulation and control weapon of China's monetary policy (original in Chinese) |
| Journal: | China Reform (c)
1998 : 3, p.44-45 |
| Index terms: | MONETARY POLICY SAVINGS CHINA |
| Language: | chn |
| Abstract: | The economic development and the development of financial industry have proved that 13% reserve for savings which has been maintained for 9 years is obviously too high. It leads to a twist in relationship between commercial banks and the central bank. Adjusting the rate of reserve for savings will increase the available funds of state commercial banks for credit and reduce cost of funds. In addition, it accords with the demand of macro financial regulation and control mechanism with the indirect regulation and control as the main means. It will further promote the reform of China's system of base money supply as well. |
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