Hidden money creation is impacting policy, PBoC economist warns

china-currency

Unconventional forms of money creation in China are skewing statistics and hampering policy implementation, research published by the Bank for International Settlements finds.

Guofeng Sun uses the phrase “banks’ shadow” to differentiate money creation that doesn’t rely on conventional lending from “shadow banking” more broadly. The head of the People’s Bank of China’s Research Institute seeks to identify different kinds of shadow money and generate more accurate figures on money creation.

“Ban

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: