Broad Money Demand and Asset Substitution in China

Broad Money Demand and Asset Substitution in China
Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these changes, we estimate an error correction model... READ MORE...

Publication date: June 2009
ISBN 9781451872781
$18.00

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