Research on the Relationship Between Monetary Policy and Financial Market Stability in China
- DOI
- 10.2991/978-94-6463-874-5_9How to use a DOI?
- Keywords
- Monetary policy; China; Impact; History
- Abstract
This article will systematically explore the development process of China’s monetary policy since 1949, starting from the establishment of the People’s Republic of China and divided into three stages: the planned economy period, the economic transformation period, and the market-oriented reform period. It will deeply analyze the evolution of monetary policy tools and goals in each stage. By comparing the monetary policy theories of Western countries, this paper focuses on analyzing the uniqueness of China’s monetary policy in terms of policy framework, target setting, and operational mechanisms. Research shows that China’s monetary policy has always been centered around the goal of “maintaining currency stability and promoting economic growth”, which differs from the Western countrie’s emphasis on the dual goals of inflation and employment. This article will combine historical data and policy cases to explore the impact of monetary policy on macroeconomic stability, financial resource allocation, and international balance of payments in different periods, revealing its key role in China’s economic system transformation, and providing a historical dimension and theoretical perspective for understanding China’s monetary policy practice.
- Copyright
- © 2025 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Haohan Yu PY - 2025 DA - 2025/11/03 TI - Research on the Relationship Between Monetary Policy and Financial Market Stability in China BT - Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025) PB - Atlantis Press SP - 58 EP - 63 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-874-5_9 DO - 10.2991/978-94-6463-874-5_9 ID - Yu2025 ER -