This paper studies monetary policy transmission in China's peer-to-peer lending market. Using spectral measures of … causality, we explore the impacts of Chinese monetary policy shocks on China's P2P market interest rates and lending amounts …

The People's Bank of China (PBoC) has taken numerous measures to cushion the impacts of the COVID-19 health crisis on … pricing signals, we employ a dynamic-factor modeling approach to derive an indicator of China's monetary policy stance. Our …