Ljungwall, Christer; Xiong, Yi; Yutong, Zou - In: China Economic Review 25 (2013) C, pp. 105-116
Using a unique monthly data set over the period 2000:1–2008:12, this paper presents empirical findings on China's central bank, the People's Bank of China, from the viewpoint of its financial strength and the cost of monetary policy instruments. The results show that PBoC is constrained by the...