Conway, Paul; Herd, Richard; Chalaux, Thomas - Economics Department, Organisation de Coopération et … - 2010
As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant …. Furthermore, interest rates are an important determinant of investment spending in China, via the user cost of capital, and … inflation objective as the nominal anchor. This paper relates to the 2010 OECD Economic Review of China (www.oecd.org/eco/surveys/china …