Ma, Guonan; Xiandong, Yan; Xi, Liu - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
requirements tend to signal a tightening bias, to squeeze excess reserves of banks, to push market interest rates higher, and to … policy tool, as it imposes a tax burden on Chinese banks that in turn appear to have passed a significant portion of this …