How Effective are Macroprudential Policies in China? /

This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is reflected as credit and asset price risks, while the latter is ref...

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Hlavní autor: Wang, Bin
Další autoři: Sun, Tao
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:IMF Working Papers; Working Paper ; No. 2013/075
On-line přístup:Full text available on IMF