Reforging the Central Bank: The Top-level Design of the Chinese Financial System in the New Normal

Reforging the Central Bank presents an insightful comparison between financial development in China -- a rising global economic superpower -- under the old and new normal and an all-encapsulating study of current monetary transmission mechanism and monetary policy instruments. Focusing on the "top-level design" for Chinese financial system and the reformation of People's Bank of China (PBoC), China's central bank, Dr Deng, head of the Fixed Income Research Department at CITIC Securities, and his team provide a deep analysis with useful suggestions and bold predictions for the central bank's new policy framework, new objectives, and new mechanisms in the future.

As such, the carefully presented analysis of this book will be of value to researchers and curious readers who are interested in understanding of China's -- a rising global economic superpower -- future financial development environment.

Xi Chen is an Assistant Professor of Political Science at the University of North Carolina at Chapel Hill. His articles have appeared in Comparative Politics and The China Quarterly. He has contributed to three books: Contemporary Chinese Politics: New Sources, Methods, and Field Strategies (Cambridge University Press, 2010), edited by Allen Carlson et al; Popular Protest in China (2008), edited by Kevin O'Brien; and Grassroots Political Reform in Contemporary China (2007), edited by Elizabeth Perry and Merle Goldman.