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Applied Economics Letters Volume 25, 2018 - Issue 11
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Article

The myth of China’s monetization

Lei WangSchool of Finance, Guangdong University of Foreign Studies, Guangzhou, ChinaCorrespondence[email protected]
&
Taihui ZhuPolicy Research Bureau, China Banking Regulatory Committee; Institute of Finance and Banking, Chinese Academy of Social Sciences, Beijing, China
Pages 772-775 | Published online: 16 Aug 2017

References

  • Bahmani-Oskooee, M., and H. Rehman. 2005. “Stability of the Money Demand Function in Asian Developing Countries.” Applied Economics 37 (7): 773–792. doi:10.1080/0003684042000337424.
  • Friedman, M. 1956. “The Quantity Theory of Money-A Restatement.” In Studies in the Quantity Theory of Money, edited by M. Friedman, 1–21. Chicago: University of Chicago Press.
  • Friedman, M. 1959. “The Demand for Money: Some Theoretical and Empirical Results.” Journal of Political Economy 67 (4): 327–351. doi:10.1086/258194.
  • Friedman, M., and A. Schwartz. 1982. Monetary Trends in the United States and the United Kingdom. Chicago: University of Chicago Press.
  • Goldsmith, R. 1969. Financial Structure and Development. New Haven: Yale University Press
  • Liu, Y., S. ChiWei, X. Jiang, and T. Chang. 2015. “Is There Excess Liquidity in China?” China & World Economy 23 (3): 110–126. doi:10.1111/cwe.12117.
  • McKinnon, R. 1973. Money and Capital in Economic Development. New York: Brookings Institute Press.
  • Yi, G. 1991. “The Monetization Process in China during the Economic Reform.” China Economic Review 2 (1): 75–95. doi:10.1016/1043-951X(91)90013-X.

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