This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …

The recent upgrade of the People's Bank of China's monetary policy framework establishes a corridor system of interest … employ a dynamic factor modelling approach to derive an indicator of China's monetary policy stance. The approach is based on …

This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …

Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … captures China's unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor … distorts the efficient reactions of the economy. Moreover, for China's central bankers the choice of a particular monetary …

This paper discusses the macroeconomic effects of China's informal banking regulatory tool “window guidance …

This paper discusses the macroeconomic effects of China's informal banking regulatory tool “win-dow guidance …