Financial Repression and Interest Rate Liberalization in China

Abstract

China has been experiencing financial repression for a long time. The main feature of this repression is a regulated interest rate system. This results in private firms’ low likelihood of getting money from the official banking system, and at the same time seeded the emergence of the shadow banks, which introduces uncontrollable risks into the Chinese… (More)

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Cite this paper

@inproceedings{Hu2014FinancialRA, title={Financial Repression and Interest Rate Liberalization in China}, author={Bo Hu}, year={2014} }