Habib, Michel Antoine; Peng, Yushi; Wang, Yanjie; Wang, Zexi - 2023
implementation of central bank policy in China. Specifically, we examine the response of China’s commercial banks to People’s Bank of … China (PBC) guidelines intended to decrease mortgage lending and to slow down the rise in residential property prices. We … unaffected. We conclude that China’s different levels of government and the CCP’s different factions enjoy some discretion in …