Sun S. 2010-Bank lending channel in China''''s monetary policy transmission mechanism-A VECM approach

... not been effective in China’s monetary policy transmission as in developed economies Researches on credit channel in China’s monetary policy transmission have been conducted since 2000 (see Wang ... Their findings support the existence of bank lending channel Mello and Pisu (2009) conducted a study to test for the existence of a bank lending channel in the trans...

Ngày tải lên: 18/06/2016, 20:56

... for the bank lending channel in Sri Lanka The growth of the non-banking financial sector such as the emergence of non -bank financial institutions, unit trusts, insurance companies, the growth of ... weakening the bank lending channel Therefore, given the rapid changes in the financial sector and the relative importance of banks as a source of fund...

Ngày tải lên: 18/06/2016, 20:57

... translated into bank credit, the chief motivation of our study By effectively constraining new bank lending, a continued weakness in the banking sector following the crisis, tended to offset the impact ... amount of credit supply In other words, after monetary easing, banks’ net worth could increase, causing a decline in the EFP With lower cost of funds, banks are more willin...

Ngày tải lên: 18/06/2016, 20:30

... How monetary policy works over the business cycle 19 Why business cycles occur? Other roles for monetary policy Monetary policy and growth Monetary policy and employment 22 Monetary policy ... within a specific target band Monetary policy is encountered by ordinary New Zealanders in several ways New Zealanders directly encounter the main instrument of monetary p...

Ngày tải lên: 15/03/2014, 01:20

... Market Interest Rates We begin by examining the linkages between wholesale market interest rates and the Bank of Ghana policy interest rate (the prime rate) When the transmission from the policy interest ... 12 Regarding the interbank interest rate, equation (2c), the model establishes a link between the policy interest rate and the interbank market...

Ngày tải lên: 15/03/2014, 14:20

... interest rate channel and credit channel, works in India, as in other six EMEs considered by them Evolution of Monetary Policy Operating Framework in India In India, as in most countries, monetary policy ... of output, inflation, money and credit (ii) Monetary Policy Impact on Inflation The impulse response functions imply that increase in policy in...

Ngày tải lên: 29/03/2014, 13:20

Ngày tải lên: 25/07/2014, 01:20

... with a nonlinear rule COMPANY LOGO www.themegallery.com RESEARCH QUESTION  whether central banks’ monetary policy can indeed be described by a linear Taylor rule or, instead, by a nonlinear rule? ... financial variables in the rule  Modeling the nonlinear Taylor rule COMPANY LOGO www.themegallery.com Specification and estimation of the linear Taylor...

Ngày tải lên: 14/07/2015, 08:34

... Interest rate setting by universal banks and the transmission mechanism in the euro area Introduction The level of interest rates is one of the main determinants of savings and investment ... market interest rates with a comparable maturity Interest rate setting by universal banks and the transmission mechanism in the euro area...

Ngày tải lên: 15/03/2014, 02:20

... explaining the interbank rate Subsequently, the interbank rate is significant in explaining the deposit rate, and the deposit rate is significant in explaining the loan rate This finding implies that the ... rates following the 25-bp increase of BI rate in the year 2005-2014 There are 12 episodes of 25-bp BI rate increase in the year 20052014 The lines in the g...

Ngày tải lên: 18/06/2016, 20:38

... system.32 B The Law on Prevention and Control of Water Pollution and Regulations The LPCWP is China’s main national law focused on water pollution As amended in 2008, this law “is enacted for the purposes ... to the LPCWP, polluting industries are subject to a variety of rules and regulations Nationally, these include the Implementing Rules o...

Ngày tải lên: 18/02/2014, 04:20

... process Unbreakable Cycle: Drug Dependency, Mandatory Confinement, and HIV/AIDS in China’s Guangxi Province finds that most mandatory treatment centers, while ostensibly meant to provide drug treatment, ... Address: http://www.hrw.org December 2008 1-5 643 2-4 1 6-8 An Unbreakable Cycle Drug Dependency Treatment, Mandatory Confinement, and HI...

Ngày tải lên: 14/03/2014, 23:20