of the long-term swap yield. The empirical findings show that the People's Bank of China's influence extends even to the …

of the long-term swap yield. The empirical findings show that the People's Bank of China's influence extends even to the …

This paper measures the financial strength of the People's Bank of China from the perspective of balance sheets, and …. The econometric results suggest that, first, the financial strength of the People's Bank of China does affect its policy … in helping the People's Bank of China achieve its alternative policy objectives. Therefore, maintaining benign financial …