Financial Distortions in China : A General Equilibrium Approach /
Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better o...
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| 其他作者: | , |
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2015.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2015/274 |
| 在线阅读: | Full text available on IMF |