Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/298997 
Autor:innen: 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] Journal of Central Banking Theory and Practice [ISSN:] 2336-9205 [Volume:] 9 [Issue:] 3 [Year:] 2020 [Pages:] 135-161
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
This paper measures the financial strength of the People's Bank of China from the perspective of balance sheets, and then examine empirically whether its financial strength influences its policy commitments given its financial conditions. The econometric results suggest that, first, the financial strength of the People's Bank of China does affect its policy performance, although the effects are weak and overall results lack robustness with respect to the econometric technique and the choice of alternative measures of financial strength. Second, alternative financial strength indicator plays different role in helping the People's Bank of China achieve its alternative policy objectives. Therefore, maintaining benign financial conditions and a resilient balance sheet are necessary pre-conditions for the People's Bank of China to achieve desirable policy outcomes. Third, the People's Bank of China's current standalone finance is healthy under our stressing tests, despite certain concerns attained.
Schlagwörter: 
Financial Strength
The People's Bank of China
Balance Sheet Analysis
Stress Testing
Policy Performance
JEL: 
E31
E52
E58
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
1.61 MB





Publikationen in EconStor sind urheberrechtlich geschützt.