Research on the Independence of the Central Bank and Its Inspiration to the PBC

DOI

https://doi.org/10.2991/assehr.k.201030.067How to use a DOI?

Keywords

central bank independence, The People’s Bank of China, conservative banker theory, monetary policy

Abstract

The central bank of a country generally undertakes important tasks such as stabilizing prices, preventing high inflation and conducting financial supervision. It plays a vital role in a country’s economy and financial market. The central bank’s monetary policy has implications for all industries. In order to study the independence of my country’s central bank, this article first defines the independence of the central bank at two levels, analyzes several typical foreign banks of the Federal Reserve, the Bank of Japan, and the Bank of Korea, and then analyzes the independence of the People’s Bank of China. An in-depth interpretation of the current situation is analyzed, and some suggestions for improving the independence of the People’s Bank of China is put forward in this paper.

Open Access

This is an open access article distributed under the CC BY-NC license.

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TY  - CONF
AU  - Wei Qiu
AU  - Kun Xiong
PY  - 2020
DA  - 2020/11/02
TI  - Research on the Independence of the Central Bank and Its Inspiration to the PBC
BT  - 2020 International Conference on Social Sciences and Big Data Application (ICSSBDA 2020)
PB  - Atlantis Press
SP  - 332
EP  - 336
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201030.067
DO  - https://doi.org/10.2991/assehr.k.201030.067
ID  - Qiu2020
ER  -