allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …

allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …

allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …

allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …

allocation. We develop a two-stage estimation approach and apply it to China's loanlevel data that covers all sectors in the …

This paper studies whether monetary transmission in China is asymmetric. While researchers found an asymmetric … transmission in the U.S. and other economies, China offers a specific rationale for asymmetries: the presence of state … provide evidence of a systematic and sizable asymmetry in the transmission of monetary policy shocks in China. The nature of …