Interest Rate Liberalization in China / / Tarhan Feyzioglu, Nathan Porter, Elöd Takáts

• Autore: Feyzioglu Tarhan
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (30 p.)
• Disciplina: 332.8;332.82
• Soggetto topico: Interest rates - Government policy - China; Monetary policy - China; Banking; Banks and Banking; Banks and banking; Banks; Central Banks and Their Policies; Commercial banks; Deposit rates; Depository Institutions; Event Studies; Finance; Financial institutions; Financial services; General Financial Markets: Government Policy and Regulation; Industries: Financial Services; Information and Market Efficiency; Interbank rates; Interest rate policy; Interest rates; Interest Rates: Determination, Term Structure, and Effects; Loans; Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection; Micro Finance Institutions; Monetary economics; Monetary policy; Money and Monetary Policy; Mortgages
• Soggetto geografico: China, People's Republic of
• Altri autori: PorterNathan TakátsElöd
• Note generali: "August 2009."
• Nota di contenuto: 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; References
• Sommario/riassunto: What 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.
• Titolo autorizzato: Interest Rate Liberalization in China
• ISBN: 1-4623-2751-6; 1-4527-0264-0; 1-4518-7318-2; 9786612843846; 1-282-84384-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910828971603321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/171