Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 40 , 10 November 2023
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Comparative Analysis of the Monetary Policy Practices: A Case Study of China and the United States
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Abstract
Currency policy plays a crucial role in macroeconomic management and is of significant importance for the economic stability and development of countries and regions. Understanding and evaluating the choices and consequences of different countries' currency policy practices are essential. This paper aims to compare and analyze the currency policy practices of China and the United States, two important economic entities, and explore their core elements, policy objectives, and impact on economic stability and growth. China, as the world's second-largest economy, has implemented a series of unique monetary policy measures to address domestic and external challenges. The United States, as the largest economy in the world, has a long-standing tradition of stable monetary policy and faces challenges and responsibilities consistent with its economic status.
Keywords
currency policy, China, United States, comparative analysis, core elements, policy objectives, economic stability, inflation control, employment, economic growth
References
1. "Introduction to U.S. Economy: Monetary Policy ", crsreports.congress.gov, (Accessed 4 Jun. 2023).
2. "Monetary Policy in China - Cornell University", prasad.dyson.cornell.edu, (Accessed 4 Jun. 2023).
3. "China’s Monetary Policy: Institutional Setting, Tools and Challenges", link.springer.com, (Accessed 4 Jun. 2023).
4. "Federal Reserve Board - Monetary Policy", federalreserve.gov, (Accessed 5 Jun. 2023).
5. "Is China better at monetary policy than America? - The Economist", economist.com, (Accessed 4 Jun. 2023).
6. "The non-linear impact of monetary policy on international reserves ...", link.springer.com, (Accessed 4 Jun. 2023).
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-101-8
- ISBN (Online)
- 978-1-83558-102-5
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/40/20231984
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited