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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Veröffentlicht in:	MAGKS - Joint Discussion Paper Series in Economics (Band 06-2018)
Autoren:	Chen, Hongyi, Li, Ran, Tillmann, Peter
Format:	Artikel
Sprache:	Englisch
Veröffentlicht:	2017
Schlagworte:	firm-level data monetary transmission financial system Wirtschaft state-owned enterprises state-dependent local projections VAR Economics
Online-Zugang:	PDF-Volltext
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