| Description |
1 online resource (5 pages) |
| Series |
IMF Working Papers ; v. Working Paper No. 14/75 |
|
IMF Working Papers
|
| Summary |
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant financial innovation (so-called shadow banking) and more liberalized interest rates. The analysis of international experience suggests that rapid development of the financial system often leads to structural shifts in the MDF. For example, financial innovation and liberalization alter the sensitivity of |
| Notes |
Print version record |
| Form |
Electronic book
|
| Author |
Tapsoba, Sampawende J.-A
|
| ISBN |
9781513542102 |
|
1513542109 |
|
1513554301 |
|
9781513554303 |
|
