However, empirical studies did not support this assumption. China has been gradually moving to focus on the use of price instruments. An example would be that when inflationary pressure emerged at the beginning of this year, the central bank adjusted its lending rate and rediscount rate.
Future of the European debt problem  While fiscal integration and financial integration have been under discussion within the EU toward a fundamental solution of the European debt problem, the discussions are likely to have a long and bumpy way to go. There seems to be two risks to the way.