Akram, Tanweer; Pervin, Shahida - 2024
index, the exchange rate of the Chinese yuan, and the balance sheet of the People's Bank of China (PBOC). The findings show … holds for China, implying that the PBOC's actions are a driver of the long-term CGB yield. This means that policymakers in … China have considerable leeway in fiscal and monetary operations, government deficit finance, and central government debt …