March 2016

With the widespread application of electronic money and the computerization of settlement,the central bank issued base money(cash and commercial bank deposits at the central bank) is to withdraw from people’s day-to-day economic activity,the growing medium of exchange may be losing its touch the body, the development of electronic money. The central bank reduced the public’s demand for base money,which is bound to weaken the effectiveness of monetary policy in the past, and may even lose its effect on the formation of the central bank’s monetary policy a severe challenge.Despite such challenges in the performance of China’s far less than fully developed,but we must also beRead More →