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| Tekijä: | Zeng, Yongyi Yao, Zhengchun |
| Otsikko: | Analysis concerning the way selected by the central bank to maintain finance steady gamble (original in Chinese) |
| Lehti: | Finance and Economics
2000 : 2, p.34-38 |
| Asiasana: | CENTRAL BANKS FINANCIAL POLICY FINANCIAL MANAGEMENT FINANCIAL CONTROL MONETARY POLICY GAMES |
| Kieli: | chn |
| Tiivistelmä: | The two mechanisms, activity of the last borrower and punishment on quitting the market, are not substitutive, but complementary. Selecting this mixed strategy, the central bank does not give any commitment, but let the market guess. In so doing, it is favorable for implementation of monetary policy and financial steadiness, so as to improve the overall standard of social welfare. |
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