Hou, Xiaohui; Wang, Qing - In: Journal of Macroeconomics 38 (2013) PB, pp. 442-451
This paper examines how banking marketization affects the transmission of monetary policy through the bank lending … channel, and tests whether the relationship between banking marketization and the transmission of monetary policy changes … across heterogeneous banks. Our results suggest that as the degree of banking marketization increases, China’s monetary …