Forward-Looking Reaction to Bank Regulation
In: ECB Working Paper No. 1645
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In: ECB Working Paper No. 1645
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Working paper
Chapter 1 Introduction 11 Chapter 2 Reserve pools 23 Chapter 3 Public intervention and financial crises: an empirical study 43 Chapter 4 Credit conditions and durable consumption: evidence of a strong link 67 Chapter 5 The influence of bank ownership on credit supply: evidence from Russia's recent financial crisis 89 Chapter 6 Conclusions 109
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In: Credit, Currency, or Derivatives: Instrumentsof Global Financial Stability Orcrisis?; International Finance Review, S. 47-64
In: Bank of Finland Research Discussion Paper No. 1/2001
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In: Scandinavian economic history review, Band 47, Heft 2, S. 5-22
ISSN: 1750-2837
In: BOFIT Discussion Paper No. 4/2020
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A cornerstone of the Chinese growth model has been the opening up of its economy to private competition. Some observers claim that China has changed course since joining the WTO by increasingly promoting state capitalism , the large State Owned Enterprises, thereby compromising a growth model that has served it well. Due to the opaqueness of the Chinese system, even such a major shift in policy has been difficult to verify. We are able to look inside the covert policy process by studying the credit supply to Chinese listed companies, the drivers of the growth miracle, of the past decade. The econometric analysis corroborates the policy shift: we find a significant improvement in credit supply conditions of government firms relative to other firms during the latter part of the decade. The estimations also provide evidence of other major trends in credit supply that reflect the Chinese government s policy objectives.
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In: Pacific economic review, Band 19, Heft 1, S. 112-134
ISSN: 1468-0106
AbstractWe study the renminbi covered interest differential, an indicator of the effectiveness of capital controls. It is found that the differential is not shrinking over time and, in fact, appears larger after the global financial crisis than before. That is, capital controls in China are still substantial and effective. In addition to exchange rate changes and volatilities, the renminbi covered interest differential is affected by credit market tightness indicators. The marginal explanatory power of these macroeconomic factors, however, is small relative to the autoregressive component and the dummy variables that capture changes in China's policy.
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2013
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In: CESifo Working Paper Series No. 4377
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In: IMF Working Paper No. 13/246
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In: BOFIT Discussion Paper No. 22/2013
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In: Energy Policy, Band 45, Heft C, S. 762-770
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In: BOFIT Discussion Paper No. 34/2011
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In: Scandinavian economic history review, Band 48, Heft 1, S. 100-114
ISSN: 1750-2837