Analysis on the Influence of Shadow Banking on the Effectiveness of China's Monetary Policy

DOI

10.2991/iceess-19.2019.33How to use a DOI?

Keywords

Shadow Banking, Monetary Policy, Effectiveness, VAR model

Abstract

After more than ten years of development, shadow banking has formed a certain scale in China, during this period, the effectiveness of monetary policy to the market economy also promoted; at the same time, the shadow banking has also caused both advantages and disadvantages. In this paper, we exam 141 sets of monthly data from January 2007 to September 2018 explore a better implementation of monetary policy and the status quo of China's shadow banking management. We find that shadow banking and monetary policy have a strong negative relationship in the short term, but the long-term negative correlation is weak but the impact time is long.

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  - Yun Sun
AU  - Xiangyu Chen
AU  - Shaosong Wang
PY  - 2019/10
DA  - 2019/10
TI  - Analysis on the Influence of Shadow Banking on the Effectiveness of China's Monetary Policy
BT  - Proceedings of the 2019 2nd International Conference on Education, Economics and Social Science (ICEESS 2019)
PB  - Atlantis Press
SP  - 125
EP  - 128
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceess-19.2019.33
DO  - 10.2991/iceess-19.2019.33
ID  - Sun2019/10
ER  -