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The independence of Chinese central bank

1. Introduction
How much degree of the independence the country’s central bank has? It concerns whether the country’s monetary policy is reasonable and scientific; whether the stability of currency value is ensured; whether the country’s economy could have a healthy development. The problem of the central bank’s independence is one of the most important problems of a country’s finance and legal development.
1.1 Definition
The central bank is a special financial institution, which has the power (given by the government)of making and carrying out monetary policy, giving the national economy control and management. The central bank is the bank of government; the bank of issue; the bank of banks; the bank of controlling macro-economy. The main difference between the central bank and the commercial banks is that the purpose of the central bank is not to make a profit, the purpose of the central bank is to give the service to the......

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Approximate Word Count: 1920
Approximate Pages: 8 (250 words per double-spaced page)

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