China's reserve requirements and their effects on economic output and assets markets during 2008-2018
by Kerry Liu
International Journal of Monetary Economics and Finance (IJMEF), Vol. 12, No. 3, 2019

Abstract: From early 2018, China seems to have entered another around of reserve requirement ratio cuts. In fact, since the mid-2000s, China has used reserve requirements as a policy instrument much more frequently and intensively than before. This study reviews the recent developments of China's reserve requirements, and examines the linkage between reserve requirement adjustments and output growth and assets markets by using a series of univariate regressions, rolling correlations and error correction models. The results demonstrate an increasing ineffectiveness of reserve requirements ratio cuts on real economy and rising effectiveness on assets markets. Finally, this study discusses the policy implications of these findings.

Online publication date: Fri, 05-Jul-2019

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Monetary Economics and Finance (IJMEF):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com