What Drives China's Interbank Market?

What Drives China's Interbank Market?
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We argue, using a theoretical model and empirical analysis, that the regulation of key retail interest rates READ MORE...

Publication date: September 2009
ISBN 9781451873368
$18.00

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