Credit Creation, Money Supply and Demand and Economic Structure Author: Li Bin/Wu Ge China Financial Publishing House Top 10 Popular Chinese Economic Books

Credit Creation, Money Supply and Demand and Economic Structure is a book that studies China's monetary and macroeconomic issues. In this book, the author uses a multi-sector and structuralist approach to explore the source of the total amount of money and the relationship between money supply and demand, economic growth, and inflation. The research content of the book mainly includes: First, the mechanism of credit money creation and its relationship with changes in economic structure. Second, the use of credit money creation theory to analyze issues such as deposit-loan gaps. Third, the relationship between offshore market development and money creation. Fourth, the issue of potential economic growth and money demand. Fifth, the study of output and inflation dynamics. Sixth, the study of money supply and demand and output and inflation dynamics. Seventh, the reasons and mechanisms for the differences in total money demand and monetization ratio (M2/GDP) among different economies. Eighth, the issue of money and structural inflation. Through the author's scientific research, standardized and clear theoretical explanations and practical analysis, it helps readers to more fully understand many important monetary and macroeconomic phenomena in my country's economy, and deepen their understanding of issues such as "excessive money issuance", deposit-loan gaps, the "going out" of the RMB, and the functions and positioning of monetary policy. I believe that every reader who pays attention to China's macroeconomics and finance will be inspired and benefited after reading this book. The authors, Researcher Li Bin and Researcher Wu Ge, have been engaged in monetary policy work in the central bank for a long time. They have a broad macroeconomic vision and rich front-line policy operation experience. Their logical thinking is also accumulated through their practical work. Professor Lin Yifu, former Chief Economist and Vice President of the World Bank, National School of Development of Peking University, and Professor Li Yang, Vice President and Academician of the Chinese Academy of Social Sciences, personally wrote the preface for Credit Creation, Money Supply and Demand and Economic Structure. Professor Huang Da of Renmin University of China fully affirmed the book. Li Jiange, Chairman of the Sun Yefang Economic Science Foundation, Bai Chong'en, Chair Professor and Vice Dean of the School of Economics and Management of Tsinghua University, and Xu Chenggang, Chair Professor of the School of Economics and Finance of the University of Hong Kong, jointly recommended this book. It provides a window for us to observe and understand China's macroeconomics and monetary policy during the economic transition period, which has strong theoretical value and practical significance.