We analyze the impact of monetary policy instruments on interbank lending rates and retail bank lending in China using …'s Bank of China uses changes in the required reserve ratios and open market operations to influence liquidity in money …

China has a dual-track interest-rate system: bank deposit and lending rates are regulated while money and bond rates … findings of this study help us to understand why the central bank conducts monetary policy in China the way it does, using a …

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 …

the People's Bank of China (PBoC) should be a key question for the central bank in modernising its monetary policy toolkit …. In this paper, we tackle this issue empirically and find that China's money markets not only listen to the PBoC's words … evidence of effective oral and written communication by the PBoC aimed at China's money markets …

China's recent monetary stimulation has substantially boosted economic. We argue that its efficacy derives from state …

We investigate how monetary policy in a mixed financial system such as that of China, which is characterized by a …

channel in China while also taking into account the role of bank ownership. The implementation of Chinese monetary policy is …

's Bank of China (PBC) since 2014. The focus is on the pass-through of the PBC's policy target rates pass-through to the …

Despite the swift rise of shadow banking in China over the last decade, the challenge it poses to the monetary policy …