Showing 1 - 7 of 7
We estimate the quantity-based monetary policy system in China. We argue that China's rising shadow banking was … inextricably linked to banks' balance-sheet risk and hampered the effectiveness of monetary policy on the banking system during the …
Persistent link: https://www.econbiz.de/10012956932
research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend … offers a constructive framework for studying China's modern macroeconomy …
Persistent link: https://www.econbiz.de/10013021472
We argue that China's rising shadow banking was inextricably linked to potential balance-sheet risks in the banking … banking (the banking system) in China …
Persistent link: https://www.econbiz.de/10013001204
analysis. The stylized facts differ qualitatively across different phases or economies. We argue that the impacts of China …
Persistent link: https://www.econbiz.de/10012908470
We develop a new empirical framework to identify and estimate the effects of monetary stimulus on the real economy. The framework is applied to the Chinese economy when monetary policy in normal times was switched to an extraordinarily expansionary regime to combat the impact of the 2008...
Persistent link: https://www.econbiz.de/10012982935
Using three unique micro datasets, we find that an unexpected and unprecedented loosening of China's LTV policy for non …
Persistent link: https://www.econbiz.de/10014090767
allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …
Persistent link: https://www.econbiz.de/10013289458