in Review of Finance
March 2015; p ublished online June 2014 .
Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Financial Regulation; Corporate Regulation; Development Planning and Policy; Housing Markets, Production Analysis, and Business Location. 13490 words.
China’s monetary stimulation after the global financial crisis rapidly boosted its GDP. We argue that its efficacy derives from state control over its banking and corporate sectors. Beijing...