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Reserve requirements and the bank lending channel in China
(21.09.2015)
BOFIT Discussion Papers 26/2015
BOFIT Discussion Papers 26/2015
This paper examines how reserve requirements influence the transmission of monetary policy through the bank lending channel in China while also taking into account the role of bank ownership. The implementation of Chinese ...
Monetary policy shocks and peer-to-peer lending in China
(05.12.2019)
BOFIT Discussion Papers 23/2019
BOFIT Discussion Papers 23/2019
This paper studies monetary policy transmission in China’s peer-to-peer lending market. Using spectral measures of causality, we explore the impacts of Chinese monetary policy shocks on China’s P2P market interest rates ...
Does bank efficiency affect the bank lending channel in China?
(08.02.2021)
BOFIT Discussion Papers 3/2021
BOFIT Discussion Papers 3/2021
This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese banks over the period 2006–2017, we investigate how the reaction of the loan supply to monetary policy ...
What does peer-to-peer lending evidence say about the risk-taking channel of monetary policy?
(29.08.2019)
BOFIT Discussion Papers 16/2019
BOFIT Discussion Papers 16/2019
This paper uses loan application-level data from a peer-to-peer lending platform to study the risk-taking channel of monetary policy. By employing a direct ex-ante measure of risk-taking and estimating the simultaneous ...
China's monetary policy and the loan market : How strong is the credit channel in China?
(09.08.2019)
BOFIT Discussion Papers 15/2019
BOFIT Discussion Papers 15/2019
We study the credit channel of Chinese monetary policy in a structural vector autoregressive framework. Using combinations of zero and sign restrictions, we identify monetary policy shocks linked to supply and demand ...
Technological innovation and the bank lending channel of monetary policy transmission
(20.12.2023)
BOFIT Discussion Papers 9/2023
BOFIT Discussion Papers 9/2023
This paper studies whether and how banks’ technological innovations affect the bank lending channel of monetary policy transmission. We first provide a theoretical model in which banks’ technological innovation relaxes ...
BigTech credit and monetary policy transmission : Micro-level evidence from China
(13.04.2023)
BOFIT Discussion Papers 2/2023
BOFIT Discussion Papers 2/2023
ABSTRACT
This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies ...