The roadmap of interest rate liberalisation in China
Datos Bibliográficos
| ID | 13119376 |
|---|---|
| Autores | Terence Tai‐leung Chong (0000-0001-6866-9382, Chinese University of Hong Kong, autor de correspondencia), Wenqi Liu (0000-0002-9359-5589, Chinese University of Hong Kong) |
| Año | 2017 |
| Volumen | 5 |
| Número | 4 |
| Páginas | 421-440 |
| Fecha de publicación | 2017-10-02 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Economic and Political Studies (JOURNAL) |
| Identificadores de la revista | ISSN: 2470-4024 • E-ISSN: 2095-4816 |
| Editorial | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/20954816.2017.1384614 |
| OpenAlex | W2744277808 |
| Idioma | EN |
| Citas recibidas | 1 |
| Referencias citadas | 14 |
This paper examines the roadmap of interest rate liberalisation in China, including the current dual-track interest rate system and the future benchmark rate system. It provides a theoretical foundation for China to develop its own benchmark interest rate. A vector autoregression model is estimated to investigate the effectiveness of Chinese market interest rates, Shanghai Interbank Offered Rate (SHIBOR), and repo rates against different factors such as market size, volatility, transmission channels of monetary policy, and term structures of interest rates. The result shows that SHIBOR affects both the market and the economy. As SHIBOR promptly reflects the changes in currency markets, we argue that it has the potential to become China’s benchmark interest rate
Benchmark (surveying · China · Currency · Economics · Financial economics · Interest rate · Liberalization · Market economy · Monetary economics · Vector autoregression · Volatility (finance · Global Financial Crisis and Policies · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Obras citantes distintas | 1 |
|---|---|
| Citas por año | 0,2 |
| Intervalo de citas | 2021 - 2021 (1) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 1 |