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"A thoroughly researched study of the banking system over the period from 1978 to early 1990.... Holz's work deserves to be read widely by analysts from both the traditional and econometric schools."--Australian Journal of Chinese Affairs

"A timely book for specialists on China's economy.... An indispensable book for those who focus on China's monetary policy and financial system.... The richness of detail distilled from a huge amount of background materials... helps the reader to overcome the difficult language barrier and savor the reality of central banking in China."--China Review International

"An excellent study of how the People's Bank of China carries out its unenviable task of ensuring monetary stability for China's vast area and population." --The China Quarterly

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