Monetization has been argued as the fifth feature in China's economic reform in addition to privatization, marketization, liberalization and pragmatization. If monetization is taken to mean a process through which variations in money supply or interest rate are to affect macroeconomic variables,...

This paper concentrates on three financial variables in promoting capital accumulation in the two groups of Asian economies. The empirical result shows that the ASEAN economies' financial performance is far less satisfactory than the four Asian NIEs. Considering the experience of the last two...

In addition to privatization, marketization, liberalization and pragmatization, monetization has been argued as the fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money supply or interest rate are to affect macroeconomic...

This article uses a Structural Vector Autoregressive (SVAR) approach to study the different shocks to the monetary performance in the two decades of the US economy prior to the 2008 financial crisis. By using the Federal Fund Rate as a measure of change in the monetary policy, this study shows...