Financial Distortions in China : A General Equilibrium Approach

A General Equilibrium Approach

Financial Distortions in China : A General Equilibrium Approach
Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better outcomes than partial ones: removing the deposit rate... READ MORE...

Publication date: December 2015
ISBN 9781513565149
$18.00

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