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The Rise of the People's Bank of China
Stephen BellHui Feng
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The Rise of the People's Bank of China

The Politics of Institutional Change

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The Peopleâ s Bank of China surpasses the Federal Reserve as the worldâ s biggest central bank. In the first comprehensive account of the evolution of central banking and monetary policy in reform China, Stephen Bell and Hui Feng show how the PBCâ s authority grew from a Leninist party-state that once jealously guarded its control.