In the early 2000s however, the PBOC found out that its available monetary policy instruments failed to transmit effectively to the banking sector, leading to excess investment lending and to "overheating" 过热 https://t.co/qipVTxM1sD
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RT @nina_econ: @NateBrulport @TiltingatM3 A relatively recent analysis of bank and central bank practices in China that I've found helpful…
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@NateBrulport @TiltingatM3 A relatively recent analysis of bank and central bank practices in China that I've found helpful is 'Remaking Monetary Policy in China,' by Mike Beggs @mikejbeggs and Luke Deer @lukdeer https://t.co/dnH9cJPYpn
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