Annual Evaluation for the Independence of People's Bank of China: An Attempt of Fuzzy Quantization

Abstract

In the research field of central bank, Central Bank Independence (CBI) is usually the focus of attention. Since 2003, the president and management system of People's Bank of China (PBC), which is the central bank of China, have not changed. And traditional methods cannot apply to evaluating CBI change of PBC in this interval. This paper tries to select some related indexes and make an annually quantitative evaluation for the independence of PBC from 2003 to 2013. The research conclusion will provide basis for the future research on the relationship between CBI of PBC and monetary policy effect. Furthermore, it can offer support for the system perfection of central bank management. Keywords-CBI; PBC;Central Bank; Fuzzy Quantization