Koivu, Tuuli - In: Economic Systems 36 (2012) 2, pp. 307-325
This paper studies the wealth channel in China. Although the wealth channel has been found to be functioning in many … advanced countries, its existence is yet to be explored in most emerging economies, also in China. In order to illuminate … findings support the view that a loosening of China's monetary policy does indeed lead to higher asset prices. Furthermore, a …