Introduction -- The institutional structure, state and state-owned financial institutional arrangements -- Monetization and financial control by the state -- Financial support to the gradual reform -- The model of money demand during transition -- Transitional arrangements of the financial...

With the rapid increase in Chinese national strength and international influence, spillovers effects of China’s monetary policy have begun to emerge. This paper quantifies the spillovers and explores the transmission channels in a panel of 48 advanced and emerging economies. This paper uses a...