Understanding Chinese Bond Yields and their Role in Monetary Policy /

China's financial prices are informative enough for the PBC to introduce a monetary policy framework centered around interest rates. While bond yields are not fully efficient?reflecting regulation, liquidity, and segmentation?we find they contain considerable information about the state of the...

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Bibliographic Details
Main Author: Porter, Nathan
Other Authors: Cassola, Nuno
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/225
Online Access:Full text available on IMF