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Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects

This paper uses Structural Vector Autoregressive (SVAR) method to measure the regional effects of monetary policy in China during 1978–2011. The results provide evidence of different regional responses of real variables to monetary policy shocks. This paper proves that M2 is a better monetary pol...

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Main Authors: Guo , Xiaohui, Masron, Tajul Ariffin
Format: Article
Language:English
Published: Asian Academy of Management (AAM) 2014
Subjects:
HD28-70 Management. Industrial Management
Online Access:http://eprints.usm.my/36617/1/Art_6_%28113-146%29.pdf
http://eprints.usm.my/36617/
http://web.usm.my/aamj/19012014/Art%206%20(113-146).pdf
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spelling my.usm.eprints.36617 http://eprints.usm.my/36617/ Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects Guo , Xiaohui Masron, Tajul Ariffin HD28-70 Management. Industrial Management This paper uses Structural Vector Autoregressive (SVAR) method to measure the regional effects of monetary policy in China during 1978–2011. The results provide evidence of different regional responses of real variables to monetary policy shocks. This paper proves that M2 is a better monetary policy indicator. We also find that when examining the regional effects of monetary policy in China, the spillover effects among regions are very important in the short run. In the long run, the influence of deposits transfer among regions is much bigger than that of the spillover effects. Asian Academy of Management (AAM) 2014 Article PeerReviewed application/pdf en http://eprints.usm.my/36617/1/Art_6_%28113-146%29.pdf Guo , Xiaohui and Masron, Tajul Ariffin (2014) Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects. Asian Academy of Management Journal (AAMJ), 19 (1). pp. 1-34. ISSN 1394-2603 http://web.usm.my/aamj/19012014/Art%206%20(113-146).pdf
institution Universiti Sains Malaysia
building Hamzah Sendut Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sains Malaysia
content_source USM Institutional Repository
url_provider http://eprints.usm.my/
language English
topic HD28-70 Management. Industrial Management
spellingShingle HD28-70 Management. Industrial Management
Guo , Xiaohui
Masron, Tajul Ariffin
Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects
description This paper uses Structural Vector Autoregressive (SVAR) method to measure the regional effects of monetary policy in China during 1978–2011. The results provide evidence of different regional responses of real variables to monetary policy shocks. This paper proves that M2 is a better monetary policy indicator. We also find that when examining the regional effects of monetary policy in China, the spillover effects among regions are very important in the short run. In the long run, the influence of deposits transfer among regions is much bigger than that of the spillover effects.
format Article
author Guo , Xiaohui
Masron, Tajul Ariffin
author_facet Guo , Xiaohui
Masron, Tajul Ariffin
author_sort Guo , Xiaohui
title Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects
title_short Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects
title_full Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects
title_fullStr Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects
title_full_unstemmed Regional Effects Of Monetary Policy In China: The Role Of Spillover Effects
title_sort regional effects of monetary policy in china: the role of spillover effects
publisher Asian Academy of Management (AAM)
publishDate 2014
url http://eprints.usm.my/36617/1/Art_6_%28113-146%29.pdf
http://eprints.usm.my/36617/
http://web.usm.my/aamj/19012014/Art%206%20(113-146).pdf
_version_ 1643708834754068480
score 13.149126

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