Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China

This paper studies whether monetary transmission in China is asymmetric. While researchers found an asymmetric transmission in the U.S. and other economies, China offers a specific rationale for asymmetries: the presence of state-owned enterprises (SOEs) enjoying preferential access to financing...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 06-2018)
Main Authors:	Chen, Hongyi, Li, Ran, Tillmann, Peter
Format:	Article
Language:	English
Published:	2017
Subjects:	firm-level data state-dependent local projections VAR state-owned enterprises monetary transmission financial system Wirtschaft Economics
Online Access:	PDF Full Text
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