Financial Distortions in China is popular PDF and ePub book, written by Diego Anzoategui in 2015-12-24, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Financial Distortions in China can be Read Online from any device for your convenience.
Financial Distortions in China Book PDF Summary
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.
Detail Book of Financial Distortions in China PDF
- Author : Diego Anzoategui
- Release : 24 December 2015
- Publisher : International Monetary Fund
- ISBN : 9781513582795
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 12,9 Mb
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