Abstract
The issue of the legal status and independence of central banks has been a hot and controversial topic in the three centuries of their development. The development of the legal status of the central bank has shown a tendency to be constantly integrated with the state power, while at the same time exhibiting a process of pursuing the strengthening of independence. The legal status of China's central bank, the People's Bank of China (PBC), has not been clearly defined either at the legal level or in academic circles. However, it remains to be examined and studied whether enhancing the independence of the PBC is conducive to the sustainable development of China's economy, the stability of the financial environment, and the effective implementation of monetary policy. Therefore, this paper will start from the current situation of the independence of the PBC, point out the shortcomings of the legal status of the central banks in China and put forward some feasible suggestions for the development of independence.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
