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The control of money supply in developing countries: China, 1949-1988

Working papers

This working paper is one of six country studies prepared as part of a study of the role of monetary policy in primary-producing, low income countries. The objective of the general study is to examine what monetary policy can be expected to accomplish in low income countries, and what are the principal constraints on its effectiveness. The country studies examine the development of monetary institutions, the determination of money supply and demand, and the objectives and experience of governments in implementing monetary policy in individual countries.

Anita Santorum