Marvin Goodfriend

For Marvin Goodfriend's latest contributions to The Japan Times, see below:

Commentary / World Nov 23, 2006

What monetary policy does China need?

PRAGUE -- China's remarkable growth has been financed recently by a rapid expansion of money and bank credit that is producing an increasingly unsustainable investment boom. This renews concern that the country may not be able to avert a replay of the painful boom-and-bust ...