| ID | 088488 |
| Title Proper | Financial Market Turmoil |
| Other Title Information | Implications for Monetary Policy Transmission in China |
| Language | ENG |
| Author | Zhang, Chengsi ; Clovis, Joel |
| Publication | 2009. |
| Summary / Abstract (Note) | The recent financial market turmoil has initiated another search for insightful understanding of the interactions between the financial market and monetary policy. This paper explores these interactions in terms of the transmission mechanism of monetary policy in China. We argue that evolving financial development, enhanced by the expansion of the financial market, has altered the conventional channel for monetary transmission in China. Analyzing marked changes in the financial landscape and taking into account policy regime shifts in China, the paper provides clear evidence showing that the financial market has become a new and important channel for transmission of monetary policy in China. |
| `In' analytical Note | China and World Economy Vol. 17, No. 3; May-June 2009: p1-22 |
| Journal Source | China and World Economy Vol. 17, No. 3; May-June 2009: p1-22 |
| Key Words | Credit Crunch ; Economic Growth ; Financial Crisis ; Monetary Policy Transmission |