Haku
Viitteet 1-3 / 3
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 ...
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 ...