| The Analysis of Impulse Response of Bank Landing to the Impact of Monetary Policy in China |
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| 作者姓名： | RAN Mao-sheng MO Gao-qi LIAO Ying-gao |
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| 摘 要： | Abundant researches approve that the bank-lending channel is the main monetary transmission channel in China recent years. But the most of investigations only focus on the behavior of the gross bank-lending index in the monetary transmission, and the further investigation hasn't been carried on. This paper divides the gross index of bank lending into the short-term and mid-, long-term loans based on the internal and external researches. It analyzes how the financial institutions adjust their lending policy under the impact of the monetary policy of the central bank and the effect of the adjustments on the macroeconomic, making the further study of the bank-lending channel in monetary transmission in China.
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| 关 键 词： | bank lending impulse response monetary policy short-term loan mid- long-term loans |
| 修稿时间： | 9/8/2003 12:00:00 AM |
The Analysis of Impulse Response of Bank Landing to the Impact of Monetary Policy in China |
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| RAN Mao-sheng,MO Gao-qi,LIAO Ying-gao.The Analysis of Impulse Response of Bank Landing to the Impact of Monetary Policy in China[J].Storage & Process,2004(2):150-153. |
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| Authors: | RAN Mao-sheng MO Gao-qi LIAO Ying-gao |
| |
| Abstract: | Abundant researches approve that the bank-lending channel is the main monetary transmission channel in China recent years. But the most of investigations only focus on the behavior of the gross bank-lending index in the monetary transmission, and the further investigation hasn't been carried on. This paper divides the gross index of bank lending into the short-term and mid-, long-term loans based on the internal and external researches. It analyzes how the financial institutions adjust their lending policy under the impact of the monetary policy of the central bank and the effect of the adjustments on the macroeconomic, making the further study of the bank-lending channel in monetary transmission in China. |
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| Keywords: | bank lending impulse response monetary policy short-term loan mid- long-term loans |
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