A Trial Analysis on Improvement of Central Bank's Macro-regulation Mechanism under the Present Finance Dual Structure

Abstract

In view of government participating bank ownership in financial market,seen from the central and the local taxation-decentralization——financial dual structure,an analysis is made on the reasons for the central bank in China making it more complex and difficult to macro-regulate banking financial institutions.Some policy suggestions are made to improve central bank's macro-regulation mechanism in China with a comparison of and reference to the experience and doings of the Fed in monetary regulation.