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Applied Economics Letters Volume 25, 2018 - Issue 2
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Article

Political incentives and the effectiveness of monetary policy: evidence from China’s city commercial banks

Xi FangSchool of Economics, Shandong University, Jinan, ChinaView further author information
,
Haiming LiuSchool of Finance, Shandong University of Finance and Economics, Jinan, ChinaView further author information
&
Xianhang QianSchool of Economics, Shandong University, Jinan, ChinaCorrespondence[email protected]
ORCID Iconhttp://orcid.org/0000-0002-2185-0886View further author information
ORCID Icon
Pages 70-73 | Published online: 24 Feb 2017

References

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  • Bernanke, B. S., and A. S. Blinder. 1992. “The Federal Funds Rate and the Channels of Monetary Transmission.” American Economic Review 98: 901–921.
  • Hou, X., and Q. Wang. 2013. “Implications of Banking Marketization for the Lending Channel of Monetary Policy Transmission: Evidence from China.” Journal of Macroeconomics 38: 442–451. doi:10.1016/j.jmacro.2013.07.004.
  • Kashyap, A. K., and J. C. Stein. 2000. “What Do a Million Observations on Banks Say about the Transmission of Monetary Policy?” American Economic Review 90: 407–428. doi:10.1257/aer.90.3.407.
  • Li, H., and L. Zhou. 2005. “Political Turnover and Economic Performance: The Incentive Role of Personnel Control in China.” Journal of Public Economics 89: 1743–1762. doi:10.1016/j.jpubeco.2004.06.009.
  • Piotroski, J. D., T. J. Wong, and T. Zhang. 2015. “Political Incentives to Suppress Negative Information: Evidence from Chinese Listed Firms.” Journal of Accounting Research 53: 405–459. doi:10.1111/joar.2015.53.issue-2.
  • Piotroski, J. D., and T. Zhang. 2014. “Politicians and the IPO Decision: The Impact of Impending Political Promotions on IPO Activity in China.” Journal of Financial Economics 111: 111–136. doi:10.1016/j.jfineco.2013.10.012.
  • Qian, X., G. Zhang, and H. Liu. 2015. “Officials on Boards and the Prudential Behavior of Banks: Evidence from China’s City Commercial Banks.” China Economic Review 32: 84–96. doi:10.1016/j.chieco.2014.11.010.

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