Chang, Chiu-Lan; Fang, Ming; Hong, Bin; Ho, Kung-Cheng - In: Business Process Management Journal 27 (2021) 6, pp. 1822-1835
Purpose: To verify the effectiveness of the monetary policy, the impacts of monetary instruments on overnight spread under the interest rate corridor (IRC) are examined. The People's Bank of China (PBC) has operated the IRC since 2014. To understand the impacts of monetary instruments on...
