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Interest Rate Liberalization in China

Interest Rate Liberalization in China by International Monetary Fund
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What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding interest rate control is a ceiling on the deposit rate, although lending rates are also regulated. Through case studies and model-based simulations, we find that liberalization will likely result in higher interest rates, discourage marginal investment, improve the effectiveness of intermediation and monetary transmission, and enhance the financial access of underserved sectors. This can occur without any major disruption. International experience suggests, however, that achieving these benefits without unnecessary instability, requires vigilant supervision, governance, and monetary policy, and a flexible policy toolkit.
International Monetary Fund; August 2009
29 pages; ISBN 9781452702643
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Title: Interest Rate Liberalization in China
Author: International Monetary Fund
 
ISBNs
1451917465
9781451873184
9781451917468
9781452702643