China's Economic Transition Unveiled: How Money Demand Shapes the Future.
The article explores how China's monetary system changed during its shift from a planned to a market economy. By analyzing data from 1984 to 2010, the researchers identified shifts in money demand for households, firms, and overall economy. They considered factors like credit plans and interest rates to understand how the economy was controlled during this transition. The study provides insights into how monetary systems evolve during economic changes and contributes to the development of economic theories.