Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)

Government Competition, Credit Mismatch and the Effectiveness of Monetary Policy— An Explanation for M2/GDP

Authors
Xiuping Li, Libin Han
Corresponding Author
Xiuping Li
Available Online May 2019.
DOI
https://doi.org/10.2991/bems-19.2019.15How to use a DOI?
Keywords
Government Competition; credit mismatch; monetary policy; M2/GDP.
Abstract
This paper points out that the key of the current China monetary policy cannot effectively promote the economic growth of the local government is central to the relationship between competition and credit preference for state-owned enterprises, strengthen the local government intervention, reduce the efficiency of the allocation of resources of monetary policy. In the future, reshaping the relationship between the central and local governments and the further reform of state-owned enterprises is the key to improve the efficiency of monetary policy.
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Proceedings
1st International Conference on Business, Economics, Management Science (BEMS 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-720-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/bems-19.2019.15How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xiuping Li
AU  - Libin Han
PY  - 2019/05
DA  - 2019/05
TI  - Government Competition, Credit Mismatch and the Effectiveness of Monetary Policy— An Explanation for M2/GDP
BT  - 1st International Conference on Business, Economics, Management Science (BEMS 2019)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/bems-19.2019.15
DO  - https://doi.org/10.2991/bems-19.2019.15
ID  - Li2019/05
ER  -