Reserve requirements and the bank lending channel in China

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10331657" target="_blank" >RIV/00216208:11230/16:10331657 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.jmacro.2016.08.007" target="_blank" >http://dx.doi.org/10.1016/j.jmacro.2016.08.007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jmacro.2016.08.007" target="_blank" >10.1016/j.jmacro.2016.08.007</a>

Result language
angličtina
Original language name
Reserve requirements and the bank lending channel in China
Original language description
This paper examines how reserve requirements influence the transmission of monetary policy through the bank lending channel in China while also taking into account the role of bank ownership. The implementation of Chinese monetary policy is characterized by the reliance on the reserve requirements as a regular policy tool with frequent adjustments. Using a large dataset of 170 Chinese banks for the period 2004-2013, we analyze the reaction of loan supply to changes in reserve requirements. We find no evidence of the bank lending channel through the use of reserve requirements. We observe, nonetheless, that changes in reserve requirements influence loan growth of banks. The same findings hold true for other monetary policy instruments. Further, we show that the bank ownership format influences transmission of monetary policy.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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