Date of Award

1-1-2013

Document Type

Thesis

Degree Name

M.A.

Department

Economics

First Advisor

Tracy Mott

Abstract

Author: Hailun Zhang

Title: CHINA'S BUSINESS CYCLE AND MONETARY POLICY

Advisor: Tracy Mott

Degree Date: March 2013

Abstract

Economic reform that began in 1978 became a landmark in the evolution of the Chinese economy. The Chinese economy then gradually transferred from a planned economy to a market-oriented economy. I mainly focus on China's business cycles and monetary policy after 1978 in this paper.

I use GDP growth to measure the Chinese business cycle. Instead of the level of GDP, the business cycles in the thesis I am talking about are ups and downs in the rate of growth.

In Chapter Two, I illustrated all five business cycles which have occurred over the past 30 years. I also introduced some of China's financial background in Chapter Three, including institutional condition, banking system, economic reform and existing problems. This background introduction gives a clearer picture of China's financial situation and implementation of monetary policy. In Chapter Four, I analyzed some aspects of China's monetary policy such as the credit plan, interest rate, and exchange rate. Chapter Five discussed China's inflation situation and some relevant monetary policy decisions

Provenance

Recieved from ProQuest

Rights holder

Hailun Zhang

File size

100 p.

File format

application/pdf

Language

en

Discipline

Economics

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