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The Nexus of Monetary Policy and Shadow Banking in China

Citations

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Cited by:

  1. Lu, Yao & Zhan, Shuwei & Zhan, Minghua, 2024. "Has FinTech changed the sensitivity of corporate investment to interest rates?—Evidence from China," Research in International Business and Finance, Elsevier, vol. 68(C).
  2. Jiang, Hai & Yuan, Chao, 2022. "Monetary policy, capital regulation and bank risk-taking：Evidence from China," Journal of Asian Economics, Elsevier, vol. 82(C).
  3. Allen, Franklin & Qian, Yiming & Tu, Guoqian & Yu, Frank, 2019. "Entrusted loans: A close look at China's shadow banking system," Journal of Financial Economics, Elsevier, vol. 133(1), pages 18-41.
  4. Ferrara, Maria & Garofalo, Antonio & Agovino, Massimiliano, 2020. "Disinflation costs in China and monetary policy regimes," Economic Modelling, Elsevier, vol. 93(C), pages 586-594.
  5. Zhan, Shurui & Tang, Yangfei & Li, Shuai & Yao, Yaojun & Zhan, Minghua, 2021. "How does the money market development impact the bank lending channel of emerging Countries? A case from China," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
  6. Wu, Nan & Wen, Fenghua & Gong, Xu, 2022. "Marionettes behind co-movement of commodity prices: Roles of speculative and hedging activities," Energy Economics, Elsevier, vol. 115(C).
  7. Ma, Yongfan & Hu, Xingcun, 2024. "Shadow banking and SME investment: Evidence from China's new asset management regulations," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 332-349.
  8. Tianye Lin & Yangyang Ji & Sen Zhang, 2020. "Real Estate, Interest Rates, and Crowding-out Effects," CEMA Working Papers 613, China Economics and Management Academy, Central University of Finance and Economics.
  9. Burdekin, Richard C. K. & Siklos, Pierre L., 2025. "Combating crises and deflation in China's central bank: Modeling post-pandemic monetary policymaking," BOFIT Discussion Papers 2/2025, Bank of Finland Institute for Emerging Economies (BOFIT).
  10. Gao, Bei & Wu, Xingwang & Yang, Xiaojun & Miao, Haoran, 2024. "Unveiling the Yin and Yang of expansionary monetary policy: Differential impact on inequality in China based on a national-level survey," Finance Research Letters, Elsevier, vol. 69(PA).
  11. Karlo Kauko, 2021. "The Vanishing Interest Income of Chinese Banks," Asian Economic Papers, MIT Press, vol. 20(3), pages 94-113, Fall.
  12. Aldasoro, Iñaki & Cornelli, Giulio & Ferrari Minesso, Massimo & Gambacorta, Leonardo & Habib, Maurizio Michael, 2025. "Stablecoins, money market funds and monetary policy," Economics Letters, Elsevier, vol. 247(C).
  13. Haelim Anderson & Guillermo Ordonez & Selman Erol, 2019. "Interbank Networks in the Shadows of the Federal Reserve Act," 2019 Meeting Papers 1285, Society for Economic Dynamics.
  14. Yang, Wenke & Che, Zhen, 2025. "Shadow banking risk exposure and green new quality productivity forces resilience: Pathways to development for Chinese firms," International Review of Financial Analysis, Elsevier, vol. 102(C).
  15. Changjun Liao & Shengquan Wang, 2021. "The Political Economy of the Differential Regional Effects of Monetary Policy: Evidence From China," The Developing Economies, Institute of Developing Economies, vol. 59(4), pages 351-370, December.
  16. Li, Weixue & Wang, Sipei & Cheung, Adrian (Wai Kong) & Xu, Changsheng, 2024. "Shadow banking, investment and interest rate transmission: Evidence from macroprudential policy in China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 115-133.
  17. Chen, Zhuo & He, Zhiguo & Liu, Chun, 2020. "The financing of local government in China: Stimulus loan wanes and shadow banking waxes," Journal of Financial Economics, Elsevier, vol. 137(1), pages 42-71.
  18. Huang, Yi & Panizza, Ugo & Portes, Richard, 2024. "Corporate foreign bond issuance and interfirm loans in China," Journal of International Economics, Elsevier, vol. 152(C).
  19. Allen, Franklin & Qian, Jun & Qian, Meijun, 2018. "A Review of China’s Institutions," CEPR Discussion Papers 13269, C.E.P.R. Discussion Papers.
  20. Linh My Tran & Chi Hong Mai & Phuoc Huu Le & Chi Linh Vu Bui & Linh Viet Phuong Nguyen & Toan Luu Duc Huynh, 2019. "Monetary Policy, Cash Flow and Corporate Investment: Empirical Evidence from Vietnam," JRFM, MDPI, vol. 12(1), pages 1-14, March.
  21. Stefan Avdjiev & Leonardo Gambacorta & Linda S. Goldberg & Stefano Schiaffi, 2025. "The Risk Sensitivity of Global Liquidity Flows: Heterogeneity, Evolution and Drivers," NBER Working Papers 33674, National Bureau of Economic Research, Inc.
  22. Chen, Hongyi & Tillmann, Peter, 2021. "Monetary policy uncertainty in China," Journal of International Money and Finance, Elsevier, vol. 110(C).
  23. Feng, Xu & Lütkebohmert, Eva & Xiao, Yajun, 2022. "Wealth management products, banking competition, and stability: Evidence from China," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
  24. Sun, Sha & Qian, Gong & Yu, Jingjing, 2024. "The impacts of China's shadow banking regulation on bank lending—An empirical analysis based on textual analysis and machine learning," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
  25. Masud Rana & Hasibul Islam & Md. Abdullah Al Mamun & Rebeka Sultana Rekha, 2025. "Impacts of bank loan performance, stability and risk factors on sustainable development goals: insights from South and Southeast Asia," Asia-Pacific Journal of Regional Science, Springer, vol. 9(2), pages 449-478, June.
  26. Jiarui Zhang & Yingying Shi, 2024. "The resource reallocation effect of monetary policy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 665-683, January.
  27. Zhu, Xiaodong, 2021. "The varying shadow of China's banking system," Journal of Comparative Economics, Elsevier, vol. 49(1), pages 135-146.
  28. Jiang, Bo, 2024. "The real effect of shadow banking regulation: Evidence from China," Emerging Markets Review, Elsevier, vol. 59(C).
  29. Dong, Yan & Dong, Mengyao & Tan, Suhang & Ge, Ran, 2024. "Shadow banking, financial regulation, and bank risk in China," Finance Research Letters, Elsevier, vol. 63(C).
  30. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy surprises and corporate investment growth in China," Economic Modelling, Elsevier, vol. 131(C).
  31. Jin Cao & Chao Cui & Valeriya Dinger & Martin B. Holm & Shulong Kang, 2025. "Identifying the Depreciation Rate of Durables from Marginal Spending Responses," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(1), pages 223-241, February.
  32. Ghosh, Saurabh & Mazumder, Debojyoti, 2023. "Do NBFCs propagate real shocks?," Journal of Asian Economics, Elsevier, vol. 85(C).
  33. Wu, Nan & Zhang, Zuopeng & Lin, Boqiang, 2024. "Responses of financial stress and monetary policy to global warming: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 92(C).
  34. Wei, Xin & Liu, Xi & Zhang, Xueyong, 2022. "Shadow banking and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
  35. Vlieghe, Gertjan, 2022. "Demographics and other constraints on future monetary policy," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
  36. Li, Shuai & Zhan, Shuwei & Zhan, Shurui & Zhan, Minghua, 2023. "How does financial development change the effect of the bank lending channel of monetary policy in developing countries?—Evidence from China," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 502-519.
  37. Hasan, Iftekhar & Kwak, Boreum & Li, Xiang, 2024. "Financial technologies and the effectiveness of monetary policy transmission," European Economic Review, Elsevier, vol. 161(C).
  38. Yiping Huang & Xiang Li & Han Qiu & Changhua Yu, 2023. "Big tech credit and monetary policy transmission: micro-level evidence from China," BIS Working Papers 1084, Bank for International Settlements.
  39. Guofeng Sun, 2019. "China's Shadow Banking: Bank's Shadow and Traditional Shadow Banking," BIS Working Papers 822, Bank for International Settlements.
  40. Tsang, Andrew, 2021. "Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy," WiSo-HH Working Paper Series 62, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
  41. Lin, Jianhao & Mei, Ziwei & Chen, Liangyuan & Zhu, Chuanqi, 2023. "Is the People's Bank of China consistent in words and deeds?," China Economic Review, Elsevier, vol. 78(C).
  42. Lyu, Yongjian & Yi, Heling & Cao, Jin & Yang, Mo, 2022. "Time-varying monetary policy shocks and the dynamics of Chinese commodity prices," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
  43. Han, Qian & Song, Zhaogang & Yuan, Yufei & Zhao, Yuanhang, 2023. "Monetary transmission and government investment in China," China Economic Review, Elsevier, vol. 82(C).
  44. Hou, Shuting & Zheng, Bowen, 2024. "The unintended interaction effect of monetary and macroprudential policies: Evidence from China’s bank-level data," Finance Research Letters, Elsevier, vol. 67(PB).
  45. Richard Simmons & Paolo Dini & Nigel Culkin & Giuseppe Littera, 2021. "Crisis and the Role of Money in the Real and Financial Economies—An Innovative Approach to Monetary Stimulus," JRFM, MDPI, vol. 14(3), pages 1-28, March.
  46. Tang, Ying & Li, Zhiyong & Chen, Jing & Deng, Chao, 2021. "Liquidity creation cyclicality, capital regulation and interbank credit: Evidence from Chinese commercial banks," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
  47. Makram El-Shagi & Yishuo Ma, 2024. "New Evidence on the PBoC's Reaction Function," CFDS Discussion Paper Series 2024/5, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
  48. He, Siyi & Jin, Qinglu & Wu, Sirui, 2025. "The real effect of shadow banking regulation on corporate innovation: Evidence from conduit business," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
  49. Chen, Hongyi & Li, Ran & Tillmann, Peter, 2019. "Pushing on a string: State-owned enterprises and monetary policy transmission in China," China Economic Review, Elsevier, vol. 54(C), pages 26-40.
  50. Jie Luo & Cheng Wang, 2025. "Banking And Banking Reforms In China In A Model Of Costly State Verification," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 849-882, May.
  51. Cafiso, Gianluca & Rivolta, Giulia, 2024. "Conventional monetary interventions through the credit channel and the rise of non-bank institutions," Economic Systems, Elsevier, vol. 48(1).
  52. Lim, King Yoong & Liu, Chunping & Zhang, Shuonan, 2024. "Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting," Emerging Markets Review, Elsevier, vol. 59(C).
  53. Tchablemane Yenlide, 2020. "Possibilité d’une union monétaire dans la zone CEDEAO : Test de coordination des politiques budgétaires et monétaires," Working Papers hal-02560792, HAL.
  54. Jiang, Ruishi & Ruan, Jia & Long, Keru & Ni, Jianhui, 2024. "Monetary policy, corporate credit and digital transformation," Finance Research Letters, Elsevier, vol. 67(PA).
  55. Jia, Junyi & Chen, Jingwei & Yang, Yao, 2025. "Bond default of super-large real estate company and government debt risk," International Review of Financial Analysis, Elsevier, vol. 103(C).
  56. Yang, Liu & van Wijnbergen, S. & Qi, Xiaotong & Yi, Yuhuan, 2019. "Chinese shadow banking, financial regulation and effectiveness of monetary policy," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
  57. Elliott, David & Meisenzahl, Ralf R. & Peydró, José-Luis, 2024. "Nonbank lenders as global shock absorbers: Evidence from US monetary policy spillovers," Journal of International Economics, Elsevier, vol. 149(C).
  58. Hasan, Iftekhar & Li, Xiang & Takalo, Tuomas, 2023. "Technological innovation and the bank lending channel of monetary policy transmission," IWH Discussion Papers 14/2021, Halle Institute for Economic Research (IWH), revised 2023.
  59. Fungáčová, Zuzana & Kerola, Eeva & Weill, Laurent, 2023. "Does bank efficiency affect the bank lending channel in China?," Emerging Markets Review, Elsevier, vol. 55(C).
  60. Wei, Xiaoyun & Han, Liyan, 2020. "Targeted reduction in reserve requirement ratio and optimal monetary policy in China," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 209-230.
  61. Kaiji Chen & Haoyu Gao & Patrick Higgins & Daniel F. Waggoner & Tao Zha, 2023. "Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data," Journal of Finance, American Finance Association, vol. 78(2), pages 1147-1204, April.
  62. Yang, Xingquan & Han, Liang & Li, Wanli & Yin, Xingqiang & Tian, Lin, 2017. "Monetary policy, cash holding and corporate investment: Evidence from China," China Economic Review, Elsevier, vol. 46(C), pages 110-122.
  63. Huang, Min & Jiang, Hai, 2025. "Shadow banking, macroprudential policy and banks’ systemic risk," Research in International Business and Finance, Elsevier, vol. 77(PB).
  64. Ma, Chao & Zhang, Shuoxun, 2024. "Can housing booms elevate financing costs of financial institutions?," Journal of Development Economics, Elsevier, vol. 167(C).
  65. Xing Chen & Yilei Wu & Yi Ding & Tongxin Zhang, 2025. "RETRACTED ARTICLE: Exploring the Nexus of Liquidity Regulation, Bank Risk-Taking, and Shadow Banking: A Comprehensive Analysis of Chinese Commercial Banks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 601-629, March.
  66. sheunesu zhou, 2020. "Shadow Banking, Bank Liquidity and Monetary Policy Shocks in Emerging Countries: A Panel VAR Approach," Journal of Economics and Behavioral Studies, AMH International, vol. 11(6), pages 46-59.
  67. Ran, Gao & Zixiang, Zhu & Jianhao, Lin, 2022. "Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China," Economic Modelling, Elsevier, vol. 113(C).
  68. Jie Gao & Bo Chen, 2025. "Examining Characteristics and Causes of Juglar Cycles in China, 1981–2024," Sustainability, MDPI, vol. 17(19), pages 1-27, September.
  69. Yihao Xue & Qiaoyu Liang & Bing Tong, 2022. "The Effects of Energy Supply Shocks and Interest Rate Liberalization in China," CFDS Discussion Paper Series 2022/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
  70. Ren, Xiaoyi & Shao, Huan, 2022. "Non-state shareholder governance and shadow banking business: Evidence from Chinese state-owned manufacturing enterprises," Research in International Business and Finance, Elsevier, vol. 60(C).
  71. Chen, Kaiji & Higgins, Patrick & Zha, Tao, 2024. "Constructing quarterly Chinese time series usable for macroeconomic analysis," Journal of International Money and Finance, Elsevier, vol. 143(C).
  72. Pan, Hongjie & Wang, Zhaojie & Ding, Shusheng & Yu, Guangsheng, 2025. "Credit risk assessment of shadow banking: Evidence from China," Research in International Business and Finance, Elsevier, vol. 77(PB).
  73. Lyu, Yongjian & Yi, Heling & Hu, Yingyi & Yang, Mo, 2021. "Economic uncertainty shocks and China's commodity futures returns: A time-varying perspective," Resources Policy, Elsevier, vol. 70(C).
  74. Ridoy Deb Nath & Mohammad Ashraful Ferdous Chowdhury, 2021. "Shadow banking: a bibliometric and content analysis," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-29, December.
  75. Chang Ma & John H. Rogers & Sili Zhou, 2019. "The Effect of the China Connect," Finance and Economics Discussion Series 2019-087, Board of Governors of the Federal Reserve System (U.S.).
  76. Tang, Yajun & Wang, Li & Shu, Haicheng & Li, Tianci, 2024. "Does managerial ability affect bank loan pricing?," Finance Research Letters, Elsevier, vol. 62(PB).
  77. Saki Bigio & Yuliy Sannikov, 2019. "A Model of Intermediation, Money, Interest, and Prices," Working Papers 150, Peruvian Economic Association.
  78. Dominic Cucic & Denis Gorea, 2024. "Non-bank lending and the transmission of monetary policy," BIS Working Papers 1211, Bank for International Settlements.
  79. Zhang, Wen, 2022. "China’s government spending and global inflation dynamics: The role of the oil price channel," Energy Economics, Elsevier, vol. 110(C).
  80. Fu, Buben & Wang, Bin, 2020. "The transition of China's monetary policy regime: Before and after the four trillion RMB stimulus," Economic Modelling, Elsevier, vol. 89(C), pages 273-303.
  81. Lyu, Xiaoyi & Hu, Hao, 2024. "The dynamic impact of monetary policy on stock market liquidity," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 388-405.
  82. Yan, Cheng & Lian, Yujun & Xu, Xiangxiang & Chen, Chang-Chih, 2025. "Share pledge lending, monetary policy, and shadow banking nexus," Pacific-Basin Finance Journal, Elsevier, vol. 92(C).
  83. Tao Zha & Kaiji Chen, 2017. "The Asymmetric Transmission of China's Monetary Policy," 2017 Meeting Papers 516, Society for Economic Dynamics.
  84. Ms. Yu Shi & Robert M. Townsend & Wu Zhu, 2019. "Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks," IMF Working Papers 2019/111, International Monetary Fund.
  85. Feng, Ling & Li, Zhiyuan & Liu, Yixuan & Zhou, Yahong, 2025. "Did FinTech steal the cheese of banks? Evidence from Chinese firm exports," China Economic Review, Elsevier, vol. 91(C).
  86. An, Hui & Rao, Hanyu & Xu, Ruihui & Zhang, Huaxi, 2025. "Financial regulation and innovation dynamics: The China banking wealth management case," Pacific-Basin Finance Journal, Elsevier, vol. 92(C).
  87. Yan Jiang & Yaping Xu & Shengsheng Li, 2022. "How Does Monetary Policy Uncertainty Influence Firms’ Dynamic Adjustment of Capital Structure," SAGE Open, , vol. 12(1), pages 21582440211, January.
  88. Karlo Kauko, 2021. "The Vanishing Interest Income of Chinese Banks," Asian Economic Papers, MIT Press, vol. 20(3), pages 94-113, Fall.
  89. Long, Shaobo & Pei, Hongxia & Tian, Hao & Li, Fangfang, 2021. "Asymmetric impacts of economic policy uncertainty, capital cost, and raw material cost on China’s investment," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 129-144.
  90. Lu, Yao & Li, Lu & Zhan, Huanqi & Zhan, Minghua, 2024. "Fintech, information heterogeneity, and the regional distribution effects of corporate financing constraints," Economic Modelling, Elsevier, vol. 137(C).
  91. Shiyun Cao & Jennifer T. Lai & Paul D. McNelis, 2024. "Financial Contagion in China, Real Estate Markets, and Regulatory Intervention," Boston College Working Papers in Economics 1083, Boston College Department of Economics.
  92. Javier Bianchi & Saki Bigio, 2022. "Banks, Liquidity Management, and Monetary Policy," Econometrica, Econometric Society, vol. 90(1), pages 391-454, January.
  93. Ma, Wei & Zhang, Renzhong & Han, Liyan & Li, Wei, 2025. "Divergent relationships between exchange rate pass-through and policy rates across economies: An extension of the Taylor rule," Finance Research Letters, Elsevier, vol. 71(C).
  94. Ge, Xinyu & Li, Xiao-Lin & Li, Yong & Liu, Yan, 2022. "The driving forces of China's business cycles: Evidence from an estimated DSGE model with housing and banking," China Economic Review, Elsevier, vol. 72(C).
  95. Li, Huan & Ni, Jinlan & Xu, Yueli & Zhan, Minghua, 2021. "Monetary policy and its transmission channels: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
  96. Renzhi, Nuobu & Beirne, John, 2025. "The nexus of peer-to-peer lending and monetary policy transmission: Evidence from the People's Republic of China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
  97. Le, Vo Phuong Mai & Matthews, Kent & Meenagh, David & Minford, Patrick & Xiao, Zhiguo, 2021. "Shadow banks, banking policies and China’s macroeconomic fluctuations," Journal of International Money and Finance, Elsevier, vol. 116(C).
  98. Yin Germaschewski, 2022. "House price, credit supply, and government policy in China," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(2), pages 971-1026, May.
  99. Chang, Chun & Liu, Zheng & Spiegel, Mark M. & Zhang, Jingyi, 2019. "Reserve requirements and optimal Chinese stabilization policy," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 33-51.
  100. Cincinelli, Peter & Pellini, Elisabetta & Urga, Giovanni, 2021. "Leverage and systemic risk pro-cyclicality in the Chinese financial system," International Review of Financial Analysis, Elsevier, vol. 78(C).
  101. Luo, Ronghua & Fang, Hongyan & Liu, Jinjin & Zhao, Senyang, 2019. "Maturity mismatch and incentives: Evidence from bank issued wealth management products in China," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
  102. Hodula, Martin & Ngo, Ngoc Anh, 2024. "Does macroprudential policy leak? Evidence from shadow bank lending in EU countries," Economic Modelling, Elsevier, vol. 132(C).
  103. Zhang, Min & Zhang, Yahong, 2022. "Monetary stimulus policy in China: The bank credit channel," China Economic Review, Elsevier, vol. 74(C).
  104. Wang, Li & Huang, Zeyu & Wang, Yanan & Yang, Yining, 2025. "Digital transformation in banking: Curbing procyclical leverage to strengthen financial stability," International Review of Financial Analysis, Elsevier, vol. 103(C).
  105. Shukai Du, 2024. "Competition and regional Phillips curve: Evidence from China," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-21, May.
  106. Kaiji Chen & Tao Zha, 2018. "Macroeconomic Effects of China's Financial Policies," FRB Atlanta Working Paper 2018-12, Federal Reserve Bank of Atlanta.
  107. Sumit Agarwa & Yongheng Deng & Quanlin Gu & Jia He & Wenlan Qian & Yuan Ren, 2022. "Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission [Policy intervention in debt renegotiation: evidence from the home affordable modification program]," Review of Finance, European Finance Association, vol. 26(3), pages 487-520.
  108. Yemba, Boniface & Kitenge, Erick & Tang, Biyan & Gaekwad, Neepa B., 2024. "Monetary policy in China: A Factor Augmented VAR approach," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 975-1008.
  109. Andrew Tsang, 2024. "Uncovering heterogeneous regional impacts of Chinese monetary policy," Empirical Economics, Springer, vol. 67(3), pages 915-940, September.
  110. Chang Ma & John H. Rogers & Sili Zhou, 2019. "The Effect of the China Connect," Finance and Economics Discussion Series 2019-087, Board of Governors of the Federal Reserve System (U.S.).
  111. Hodula, Martin & Libich, Jan, 2023. "Has monetary policy fueled the rise in shadow banking?," Economic Modelling, Elsevier, vol. 123(C).
  112. Liu, Amanda & Shim, Ilhyock, 2024. "Shadow loans and regulatory arbitrage: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 160(C).
  113. Wu, Meng-Wen & Xu, Li & Shen, Chung-hua & Zhang, Ke-Kun, 2021. "Overconfident CEOs and shadow banking in China," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
  114. Cai, Yu & Wang, Qing, 2022. "Money funds manage returns," Pacific-Basin Finance Journal, Elsevier, vol. 71(C).
  115. Cui, Jun, 2025. "Explore of Bank Competition on Non-Financial Enterprises' Financial Capabilities: Shadow Banking as a Moderating Effect," OSF Preprints 7jtwc_v1, Center for Open Science.
  116. Wu, Dan & Li, Rong & Li, Yingting, 2024. "Impact of Off-Balance-Sheet Activities on the Effectiveness of Monetary Policy," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
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  119. Xiaoming Li & Zheng Liu & Yuchao Peng & Zhiwei Xu, 2020. "Bank Risk-Taking and Monetary Policy Transmission: Evidence from China," Working Paper Series 2020-27, Federal Reserve Bank of San Francisco.
  120. Jianhao Lin & Jiacheng Fan & Yifan Zhang & Liangyuan Chen, 2023. "Real‐time macroeconomic projection using narrative central bank communication," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 202-221, March.
  121. Makram El-Shagi & Yishuo Ma, 2021. "Nine blind men and the PBoC," CFDS Discussion Paper Series 2021/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
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  123. Lin, Jianhao & Fan, Jiacheng & Zhang, Yifan, 2025. "Information Dissemination and the Monetary Policy Uncertainty Premium: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 171(C).
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  125. Guo, Yumei & Huang, Xianjing & Peng, Yuchao, 2020. "How does house price influence monetary policy transmission?," International Review of Financial Analysis, Elsevier, vol. 72(C).
  126. Li, Li & Tang, Yao & Xiang, Jingjie, 2020. "Measuring China's monetary policy uncertainty and its impact on the real economy," Emerging Markets Review, Elsevier, vol. 44(C).
  127. Das, Sonali & Song, Wenting, 2023. "Monetary policy transmission and policy coordination in China," China Economic Review, Elsevier, vol. 82(C).
  128. Yin Germaschewski, 2023. "House price volatility in China: Demand versus supply," Economic Inquiry, Western Economic Association International, vol. 61(1), pages 199-220, January.
  129. Chen, Lirong & Long, Yuxuan & Tang, Xuemei & Wang, Jiani, 2025. "Can accounts receivable factoring restrain corporate financialization? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 98(C).
  130. Makram El-Shagi & Kiril Tochkov, 2025. "Regional effects of monetary policy in China," Empirical Economics, Springer, vol. 69(4), pages 1671-1698, October.
  131. Cincinelli, Peter & Pellini, Elisabetta & Urga, Giovanni, 2022. "Systemic risk in the Chinese financial system: A panel Granger causality analysis," International Review of Financial Analysis, Elsevier, vol. 82(C).
  132. Han, Xun & Aibai, Abuduwali & Xie, Xinyan, 2023. "Fiscal decentralization and shadow banking activities of non-financial enterprises," Finance Research Letters, Elsevier, vol. 54(C).
  133. Canh P. Nguyen & Christophe Schinckus & Dinh Su Thanh, 2020. "Economic Fluctuations And The Shadow Economy: A Global Study," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-24, September.
  134. Fungáčová, Zuzana & Kerola, Eeva & Weill, Laurent, 2021. "Does bank efficiency affect the bank lending channel in China?," BOFIT Discussion Papers 3/2021, Bank of Finland, Institute for Economies in Transition.
  135. Phuong Mai Le, Vo & Matthews, Kent & Meenagh, David & Minford, Patrick & Xiao, Zhiguo, 2022. "Regulatory arbitrage, shadow banking and monetary policy in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
  136. Deng, Jiapin, 2025. "Deleveraging backed by fiscal support: The monetary–fiscal policy mix during the deleveraging campaign in China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
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