Transmission Effect between PRC International Trade Credit and Its Monetary Policy
Credit rationing is an important manifestation in the monetary policy transmission. This paper focuses on the analysis of the transmission effect of Chinas international trade credit on the monetary policy in the foreign trade domain, and with empirical evidences we come to the conclusion that the international trade credit assets is the Granger cause of export, and still further that the volume of international credit assets is positively correlated with exports. Likewise, international trade credit liabilities and imports are in positive correlation as well; yet they are reciprocal Granger causations to one another. The conclusions above can be applied to realize the balance of Chinas international payments via credit rationing.
Wang Weiwei
Institute for the Development of Central China Wuhan University Wuhan, China
国际会议
International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)
武汉
英文
1-4
2011-08-12（万方平台首次上网日期，不代表论文的发表时间）