Geng, Guangjie; Han, Zhixuan; wu, holly; Cheng, Miao; … - 2023
This paper proposes a model of collateral policy to study the impact of the expansion of collateral scope by central … empirically tests the effect of the expansion of the collateral scope for Medium-Term Lending Facility (MLF) by the People's Bank … of China's on corporate financing costs. We find that this loosening of collateral policy in China can significantly …