05225oam 22012134 450 991078822920332120230721045711.01-4623-2751-61-4527-0264-01-4518-7318-297866128438461-282-84384-2(CKB)3170000000055324(EBL)1608400(SSID)ssj0000941801(PQKBManifestationID)11614165(PQKBTitleCode)TC0000941801(PQKBWorkID)10964435(PQKB)10186145(OCoLC)649029507(MiAaPQ)EBC1608400(IMF)WPIEE2009171(EXLCZ)99317000000005532420020129d2009 uf 0engurcn|||||||||txtccrInterest Rate Liberalization in China /Tarhan Feyzioglu, Nathan Porter, Elöd TakátsWashington, D.C. :International Monetary Fund,2009.1 online resource (30 p.)IMF Working Papers"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 achieving these benefits without unnecessary instability, requires vigilant supervision, governance, and monetary policy, and a flexible policy toolkit.IMF Working Papers; Working Paper ;No. 2009/171Interest ratesGovernment policyChinaMonetary policyChinaBanks and BankingimfIndustries: Financial ServicesimfMoney and Monetary PolicyimfMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionimfInterest Rates: Determination, Term Structure, and EffectsimfCentral Banks and Their PoliciesimfInformation and Market EfficiencyimfEvent StudiesimfGeneral Financial Markets: Government Policy and RegulationimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinanceimfBankingimfMonetary economicsimfDeposit ratesimfInterbank ratesimfLoansimfCommercial banksimfFinancial servicesimfFinancial institutionsimfInterest rate policyimfMonetary policyimfInterest ratesimfBanks and bankingimfChina, People's Republic ofimfInterest ratesGovernment policyMonetary policyBanks and BankingIndustries: Financial ServicesMoney and Monetary PolicyMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionInterest Rates: Determination, Term Structure, and EffectsCentral Banks and Their PoliciesInformation and Market EfficiencyEvent StudiesGeneral Financial Markets: Government Policy and RegulationBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinanceBankingMonetary economicsDeposit ratesInterbank ratesLoansCommercial banksFinancial servicesFinancial institutionsInterest rate policyMonetary policyInterest ratesBanks and bankingFeyzioglu Tarhan1168803Porter Nathan1485138Takáts Elöd630729International Monetary Fund.Asia and Pacific Dept.DcWaIMFBOOK9910788229203321Interest Rate Liberalization in China3704121UNINA