02947nam 2200601Ia 450 991046400900332120181114215814.01-4623-2751-61-4527-0264-01-4518-7318-297866128438461-282-84384-2(CKB)3170000000055324(EBL)1608400(SSID)ssj0000941801(PQKBManifestationID)11614165(PQKBTitleCode)TC0000941801(PQKBWorkID)10964435(PQKB)10186145(OCoLC)649029507(MiAaPQ)EBC1608400(EXLCZ)99317000000005532420100609d2009 uf 0engurcn|||||||||txtccrInterest rate liberalization in China[electronic resource] /prepared by Tarhan Feyzioglu, Nathan Porter, and Elod Takàts[Washington, D.C.] International Monetary Fund, Asia and Pacific Dept.20091 online resource (30 p.)IMF working paper ;WP/09/171"August 2009."1-4519-1746-5 Contents; I. Introduction; II. A Model of China's Banking Sector; A. Baseline Oligopoly Model; B. Calibration; III. How May Interest Rate Liberalization Change Chinese Banking?; A. The Impact of Liberalization; B. Robustness; IV. What Has Been the Experience with Liberalization Elsewhere?; Box: Key Dates in Interest Rate liberalization in China; A. Nordic Countries; B. Savings and Loan in the U.S.; C. Turkey; D. Korea; E. Lessons; V. Conclusion; Technical Appendix; ReferencesWhat 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 acIMF working paper ;WP/09/171.Interest ratesGovernment policyChinaMonetary policyChinaElectronic books.Interest ratesGovernment policyMonetary policyFeyzioğlu Tarhan N862011Porter Nathan1971-905677Takáts Elöd1975-630729International Monetary Fund.Asia and Pacific Dept.MiAaPQMiAaPQMiAaPQBOOK9910464009003321Interest rate liberalization in China2025811UNINA