05308oam 22012494 450 991082897160332120200520144314.01-4623-2751-61-4527-0264-01-4518-7318-297866128438461-282-84384-2(CKB)3170000000055324(EBL)1608400(SSID)ssj0000941801(PQKBManifestationID)11614165(PQKBTitleCode)TC0000941801(PQKBWorkID)10964435(PQKB)10186145(OCoLC)649029507(IMF)WPIEE2009171(MiAaPQ)EBC1608400(IMF)WPIEA2009171(EXLCZ)99317000000005532420020129d2009 uf 0engurcn|||||||||txtccrInterest Rate Liberalization in China /Tarhan Feyzioglu, Nathan Porter, Elöd Takáts1st ed.Washington, 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 policyChinaBankingimfBanks and BankingimfBanks and bankingimfBanksimfCentral Banks and Their PoliciesimfCommercial banksimfDeposit ratesimfDepository InstitutionsimfEvent StudiesimfFinanceimfFinancial institutionsimfFinancial servicesimfGeneral Financial Markets: Government Policy and RegulationimfIndustries: Financial ServicesimfInformation and Market EfficiencyimfInterbank ratesimfInterest rate policyimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfLoansimfMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionimfMicro Finance InstitutionsimfMonetary economicsimfMonetary policyimfMoney and Monetary PolicyimfMortgagesimfChina, People's Republic ofimfInterest ratesGovernment policyMonetary policyBankingBanks and BankingBanks and bankingBanksCentral Banks and Their PoliciesCommercial banksDeposit ratesDepository InstitutionsEvent StudiesFinanceFinancial institutionsFinancial servicesGeneral Financial Markets: Government Policy and RegulationIndustries: Financial ServicesInformation and Market EfficiencyInterbank ratesInterest rate policyInterest ratesInterest Rates: Determination, Term Structure, and EffectsLoansMarket Structure and Pricing: Oligopoly and Other Forms of Market ImperfectionMicro Finance InstitutionsMonetary economicsMonetary policyMoney and Monetary PolicyMortgages332.8;332.82Feyzioglu Tarhan1168803Porter Nathan1769994Takáts Elöd630729International Monetary Fund.Asia and Pacific Dept.DcWaIMFBOOK9910828971603321Interest Rate Liberalization in China4246377UNINA