Certificate of Deposit The People’s Bank of China,China’s central bank,has issued a provisional regulation allowing financial institutions to issue certificates of deposit.A certificate of deposit is a savings certi...Certificate of Deposit The People’s Bank of China,China’s central bank,has issued a provisional regulation allowing financial institutions to issue certificates of deposit.A certificate of deposit is a savings certificate allowing the bearer to receive a fixed rate of interest on the money deposited for a certain period of time, The interest rate is higher than that on ordinary deposits, making the scheme more appealing.展开更多
This study explores the relationship between external dependent economic structure, surplus monetary liquidity and real estate bubbles in China. Employing monthly data from 28 Chinese provinces over the period 2004-20...This study explores the relationship between external dependent economic structure, surplus monetary liquidity and real estate bubbles in China. Employing monthly data from 28 Chinese provinces over the period 2004-2005, we test whether real estate bubbles are caused by structural surplus monetary liquidity, ccontrolling other possible factors. Our empirical findings show that the growth of private savings in the banking sector, as an index of surplus monetary liquidity, ferments real estate bubbles regardless of the different development level across the 28 provinces.展开更多
文摘Certificate of Deposit The People’s Bank of China,China’s central bank,has issued a provisional regulation allowing financial institutions to issue certificates of deposit.A certificate of deposit is a savings certificate allowing the bearer to receive a fixed rate of interest on the money deposited for a certain period of time, The interest rate is higher than that on ordinary deposits, making the scheme more appealing.
基金the Key Institute Project of China's Ministry of Educationthe 985 Project of National Competitiveness Innovation Institute at Fudan University
文摘This study explores the relationship between external dependent economic structure, surplus monetary liquidity and real estate bubbles in China. Employing monthly data from 28 Chinese provinces over the period 2004-2005, we test whether real estate bubbles are caused by structural surplus monetary liquidity, ccontrolling other possible factors. Our empirical findings show that the growth of private savings in the banking sector, as an index of surplus monetary liquidity, ferments real estate bubbles regardless of the different development level across the 28 provinces.
