Abstract

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There have been extensive discussions and reflections on central banking since the outbreak of the global financial crisis (GFC). Country circumstances differ, but there are also a number of issues with common interests. As China has the features of both a large transition economy and an emerging market economy, China’s central bank and its monetary policy are yet to be well understood by the outside world. I would like to take this opportunity to discuss post-crisis issues of common concern on central banking, as well as the objectives, roles and practices of China’s central bank....