We examine the effects of monetary and macroprudential policies in the Asia-Pacific region, where many inflation targeting economies have adopted macroprudential policies in order to safeguard financial stability. Using structural panel vector autoregressions that identify both monetary and...

The internationalization of China's Renminbi will be a game changer to the global finance and politics, and its success thus far has been evidenced by the International Monetary Fund (IMF)'s recent move to include the currency in its SDR basket. This scheme provides a unique opportunity to...

China’s financial regulatory system is crucial to the global economy, but is little understood. This book surveys and explicates the current status, the development, and planned reform of the Chinese financial supervision and regulatory system in a systematic way. From the shadow banking...