---

China´s financial reforms have undergone a large-scale transformation over the past several years. This book aims to outline the structure and current features of China´s monetary policy, drawing upon the author´s years of experience working within the People´s Bank of China and insider´s view of the decision-making process.

---

List of Tables and Figures
About the Author
Preface
Introduction
1. Monetary Theory
2. Monetary Policy
3. Exchange Rate Policy
Index

---

´Sun Guofeng´s long experience at the People´s Bank of China has given him a unique vantage point from which to analyze the evolution of Chinese monetary policy over the past two decades. He brings his experience and insight to bear in analyzing central banking developments in China, making Reforms in China´s Monetary Policy: A Frontbencher´s Perspective a key resource for those interested in understanding the reforms that have reshaped China´s monetary policy.´ - Carl Walsh, Distinguished Professor of Economics, University of California, Santa Cruz, USA

"An extended career in the forefront of monetary policy operations of China´s central bank has endowed Sun Guofeng with voracious and logical thinking by which he proposes his innovative theory about money creation and develops many unique views on China´s economic and financial issues and monetary policy practice based on this theory. This book giving us an all-round perspective into Sun´s monetary theory, China´s monetary policy and reform of exchange rate regime will inspire and reward every reader interested in the economic and financial developments of China."- Yi Gang, Deputy Governor of People´s Bank of China

---

Sun Guofeng is the Deputy Director General of the People´s Bank of China´s Monetary Policy Department.

---