Financial Distortions in China

Released on by Diego Anzoategui
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  • Financial Distortions in China Book Detail

  • Author : Diego Anzoategui
  • Release Date : 2015-12-24
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 31
  • ISBN 13 : 1513582798
  • File Size : 12,12 MB
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Financial Distortions in China by Diego Anzoategui PDF Summary

Book Description: 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 outcomes than partial ones: removing the deposit rate ceiling alone increases output, but the efficiency of capital allocation does not improve. Removing implicit guarantees improves output through lower cost of capital for private companies and better resource allocation.

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Financial Distortions in China

Financial Distortions in China

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Widespread implicit guarantees and interest ceilings were major distortions in China’s financial system, contributing to a misallocation of resources. We anal

Financial Distortions in China

Financial Distortions in China

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Widespread implicit guarantees and interest ceilings were major distortions in China'sfinancial system, contributing to a misallocation of resources. We analyze

Debt and Distortion

Debt and Distortion

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China’s unprecedented growth has transformed the lives of its people and impacted economies across the globe. The financial system supported this growth by pr