China's policy transmission increasingly similar to advanced economies – BIS paper

shu-334145906-china-blur-night-skyscrapers-crowd

Monetary policy surprises have “sizeable” effects on interest rates in China, suggesting channels of monetary transmission that are increasingly similar to advanced economies, finds a Bank for International Settlements working paper.

As China has sought to transform itself into a market economy, monetary policy shocks have become more influential on interest rates, even though the People’s Bank of China uses multiple instruments to conduct monetary policy, note the authors, Güneş Kamber and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.