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161223 ||| eng |
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|a 9781513565149
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| 100 |
1 |
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|a Anzoategui, Diego
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| 245 |
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|a Financial Distortions in China
|b A General Equilibrium Approach
|c Diego Anzoategui, Mali Chivakul, Wojciech Maliszewski
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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| 300 |
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|a 31 pages
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| 651 |
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4 |
|a China, People's Republic of
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| 653 |
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|a Interest rates
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| 653 |
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|a Credit
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial services
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| 653 |
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|a Cost
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| 653 |
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|a Capital and Total Factor Productivity
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| 653 |
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|a Production
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a Deposit rates
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Capacity
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Commercial banks
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial institutions
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a General Equilibrium and Disequilibrium: General
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| 653 |
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|a Total factor productivity
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Interest rate ceilings
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Economic History: Macroeconomics
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Growth and Fluctuations: Asia including Middle East
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| 653 |
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|a Production and Operations Management
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| 700 |
1 |
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|a Chivakul, Mali
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| 700 |
1 |
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|a Maliszewski, Wojciech
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781513565149.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2015/274/001.2015.issue-274-en.xml?cid=43492-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a Widespread implicit guarantees and interest ceilings were major distortions in China’s financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better outcomes than partial ones: removing the deposit rate ceiling alone increases output, but the efficiency of capital allocation does not improve. Removing implicit guarantees improves output through lower cost of capital for private companies and better resource allocation
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