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Interest Rate Liberalization in China

2009-08-01 Business & Economics
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Release : 2009-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 182/5 ( reviews)

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Book Synopsis Interest Rate Liberalization in China by : Mr.Tarhan Feyzioglu

Download or read book Interest Rate Liberalization in China written by Mr.Tarhan Feyzioglu. This book was released on 2009-08-01. Available in PDF, EPUB and Kindle. Book excerpt: What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding interest rate control is a ceiling on the deposit rate, although lending rates are also regulated. Through case studies and model-based simulations, we find that liberalization will likely result in higher interest rates, discourage marginal investment, improve the effectiveness of intermediation and monetary transmission, and enhance the financial access of underserved sectors. This can occur without any major disruption. International experience suggests, however, that achieving these benefits without unnecessary instability, requires vigilant supervision, governance, and monetary policy, and a flexible policy toolkit.

China’s Monetary Policy and Interest Rate Liberalization

2014-05-01 Business & Economics
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Release : 2014-05-01
Genre : Business & Economics
Kind : eBook
Book Rating : 298/5 ( reviews)

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Book Synopsis China’s Monetary Policy and Interest Rate Liberalization by : Wei Liao

Download or read book China’s Monetary Policy and Interest Rate Liberalization written by Wei Liao. This book was released on 2014-05-01. Available in PDF, EPUB and Kindle. Book excerpt: China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant financial innovation (so-called shadow banking) and more liberalized interest rates. The analysis of international experience suggests that rapid development of the financial system often leads to structural shifts in the MDF. For example, financial innovation and liberalization alter the sensitivity of money balances to income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and interest rates that existed between 2002 and 2008 disappears after 2008. This coincides with the period of rapid financial innovation, especially the growth in off-balance sheet and nonbank financial intermediation. The results suggest that usefulness of M2 as an intermediate monetary target has declined with financial innovation and reform. A result that underscores the importance of moving toward increased reliance on more price-based targets such as interest rates.

A Study on Interest Rate Liberalization in China

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Book Rating : 447/5 ( reviews)

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Book Synopsis A Study on Interest Rate Liberalization in China by : Guogang Wang

Download or read book A Study on Interest Rate Liberalization in China written by Guogang Wang. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt:

Market-Based Interest Rate Reform in China

2018-12-07 Business & Economics
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Release : 2018-12-07
Genre : Business & Economics
Kind : eBook
Book Rating : 992/5 ( reviews)

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Book Synopsis Market-Based Interest Rate Reform in China by : China Finance 40 Forum Research Group

Download or read book Market-Based Interest Rate Reform in China written by China Finance 40 Forum Research Group. This book was released on 2018-12-07. Available in PDF, EPUB and Kindle. Book excerpt: The market-based interest rate reform remains a core part of China’s financial reforms, and an important topic of both theoretical and policy studies. This book presents a comprehensive analysis of the process and logic of China’s interest rate reform from a historical perspective. It is structured along three lines, i.e. loosening interest rate controls, establishing market-based interest rates, and building an effective interest rate adjustment mechanism, and systematically reviews the characteristics and evolvement of the reform process. The book further explores the lessons and challenges of the reform by examining China’s development stage and auxiliary reforms needed, and offers policy recommendations on how to further push forward the reform.

Interest Rate Liberalization in China

2009
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Release : 2009
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Interest Rate Liberalization in China by : International Monetary Fund

Download or read book Interest Rate Liberalization in China written by International Monetary Fund. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: Annotation What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding interest rate control is a ceiling on the deposit rate, although lending rates are also regulated. Through case studies and model-based simulations, we find that liberalization will likely result in higher interest rates, discourage marginal investment, improve the effectiveness of intermediation and monetary transmission, and enhance the financial access of underserved sectors. This can occur without any major disruption. International experience suggests, however, that achieving these benefits without unnecessary instability, requires vigilant supervision, governance, and monetary policy, and a flexible policy toolkit.

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