Understanding the monetary policy of China, the world’s second largest economy, is more crucial today than ever, and yet it is not widely researched or well-understood outside of China. This chapter tries to narrow this gap by shedding light on the institutional setting of China's monetary...

When monetary policy was still largely confined to the setting of interest rates and conventional open market operations, monetary policy implementation could be considered a technical issue beyond the scope for academic analysis. This has changed with the advent of the so-called unconventional...

Singapore's monetary policy is centred on the management of the Singapore dollar exchange rate against a trade-weighted basket of currencies of its major trading partners. The Monetary Authority of Singapore (MAS) manages the Singapore dollar exchange rate within an undisclosed band by...

This chapter highlights exchange-traded funds (ETF) purchases conducted by the Bank of Japan under Quantitative and Qualitative Monetary Easing with Yield Curve Control. The policy to purchase stocks indirectly is unprecedented in terms of both scale and duration among major central banks. The...