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China’s macroprudential policies: Framework, implementations and implications
Journal of Financial Compliance,
3
(3),
273-285
(2020)
Abstract
Since 2009, the use of macroprudential instruments to tackle financial stability problems has been increasing. International regulatory authorities including the International Monetary Fund (IMF), Financial Stability Board (FSB) and Bank for International Settlements (BIS) have identified the components of an effective macroprudential framework. On 29th December, 2015, the People’s Bank of China (PBC, China’s central bank) announced that China will implement macroprudential assessment (MPA) from 2016. This paper makes an original contribution by examining China’s macroprudential policies, including their framework, implementation and implication.
Keywords: People’s Bank of China (PBC); macroprudential assessment (MPA); JEL classification: G18; G28
The full article is available to subscribers to the journal.
Author's Biography
Kerry Liu is an Associate at the China Studies Centre, University of Sydney, Australia. He has been a China Economist working in the private sector across the Asia Pacific, including Beijing, Sydney and Hong Kong, covering China’s macroeconomy, financial markets and politics. He has published a number of papers in leading refereed journals, including Research in Economics and Journal of Economic Issues. He holds a PhD in Finance from the University of Melbourne, an MPhil in Economics and a BE in Mechanics from Tongji University (Shanghai).
