نتایج جستجو برای: credit allocation

تعداد نتایج: 109566  

2016
Hao Wang Honglin Wang Lisheng Wang Hao Zhou Justin Yifu Lin Min Ouyang Yingyi Qian Kang Shi Michael Zheng Song Yong Wang Wei Xiong

Shadow banking in China is mainly conducted by banks to evade the excessive credit control, which constitutes a dual-track approach to liberalize the country’s rigid interest rate policy. The market track of shadow banking can lead to efficiency gain by allowing credit resale to fund the more productive yet credit-deprived private enterprises (PEs). Pareto improvement can be achieved as the ban...

Journal: :China Journal of Accounting Research 2012

2014
Feng Dong Pengfei Wang Yi Wen

The supply and demand of credit are not always well aligned and matched, as is reflected in the countercyclical excess reserve-to-deposit ratio and interest spread between the lending rate and the deposit rate. We develop a search-based theory of credit allocation to explain the cyclical fluctuations in bank reserves, the interest spread, as well as credit rationing. We show that search frictio...

Journal: :The Quarterly Review of Economics and Finance 2014

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