Government Competition, Credit Mismatch and the Effectiveness of Monetary Policy— An Explanation for M2/GDP
Xiuping Li, Libin Han
Available Online May 2019.
- https://doi.org/10.2991/bems-19.2019.15How to use a DOI?
- Government Competition; credit mismatch; monetary policy; M2/GDP.
- 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.
- 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 PB - Atlantis Press SP - 88 EP - 91 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 -