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

DOI

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)
PB  - Atlantis Press
SP  - 88
EP  - 91
SN  - 2352-5428
UR  - https://doi.org/10.2991/bems-19.2019.15
DO  - 10.2991/bems-19.2019.15
ID  - Li2019/05
ER  -