Titlebook: Central Bank Regulation and the Financial Crisis; A Comparative Analys Miao Han Book 2016 The Editor(s) (if applicable) and The Author(s) 2

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Optische Modulatoren und Schalter,During their long developmental history, central banks have made important changes, but their definition as both the government’s banker and the bankers’ bank is rarely questioned.. As explained by the BOE:

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Riccardo Farchioni,Giuseppe GrossoThe People’s Bank of China (PBC), established on 1 January 1948, is the youngest of the four central banks selected here. This chapter will first review its two-tier relationship under change during China’s market-oriented reform before assessing its crisis management solutions during the GFC.

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From Centrally Planned Economy to Market-Oriented Principles: The People’s Bank of China under ChangThe People’s Bank of China (PBC), established on 1 January 1948, is the youngest of the four central banks selected here. This chapter will first review its two-tier relationship under change during China’s market-oriented reform before assessing its crisis management solutions during the GFC.

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