PBOC Governor says should be a separation between government finances, central bank

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China Governor Yi Gang writing in the state-media outlet China Securities Journal:

  • should be separation between fiscal and monetary 
  • separating government finances from the central bank avoids debt monetisation
  • central bank balance sheet should not bear the credit risk of enterprises
People's Bank of China Governor Yi Gang writing in the state-media outlet China Securities Journal:
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