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Interest rate liberalization in China /
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 wi...
| Cote: | Libro Electrónico |
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| Auteurs principaux: | , , |
| Collectivité auteur: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
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| Collection: | IMF working paper ;
WP/09/171. |
| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | 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 ac. |
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| Description matérielle: | 1 online resource (28 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 27-28). |