Since 2014
The Competitive Game between Hot Money and Central Bank Monetary Policy
Advances in Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
The Competitive Game between Hot Money and Central Bank Monetary Policy
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| Creator |
Ji, Ye; University of Shanghai for Science and Technology
Fang, Hua; University of Shanghai for Science and Technology Zhao, Xiao-bo; University of Shanghai for Science and Technology |
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| Subject |
Hot money; Monetary Policy; Game
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| Description |
After the outbreak of U.S. Subprime Crisis in 2008, the outside hot money continued to pull into Chinese capital market. Combined with the appreciation of the RMB and the housing bubble in both stock and housing market, which made international short-term speculative capital went into Chinese market through a variety of informal tunnels, by the same time exacerbating the inflation, overflowing the liquidity and enhancing the high-level of CPI. While in the other side, Chinese Central Bank took actively monetary policy to respond to the hot money, through raising the deposit reserve ratio and interest rate to fight against with those unfriendly capitals. Therefore, how to find a point of balance between two game parts is the focus of this paper.
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| Publisher |
World Science Publisher
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| Contributor |
—
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| Date |
2012-10-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/x-download
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| Identifier |
http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/818
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| Source |
Advances in Applied Economics and Finance; Vol 2, No 2 (2012); 334-339
2167-6348 |
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| Language |
eng
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| Relation |
http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/818/634
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| Rights |
Copyright NoticeProposed Creative Commons Copyright Notices1. Proposed Policy for Journals That Offer Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).Proposed Policy for Journals That Offer Delayed Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication, with the work [SPECIFY PERIOD OF TIME] after publication simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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