China’s policy target rates: a preliminary comparative analysis

Field	Value	Language
dc.contributor.author	Liu, K.	en
dc.date.accessioned	2020-12-21
dc.date.available	2020-12-21
dc.date.issued	2020	en
dc.identifier.uri	https://hdl.handle.net/2123/24188
dc.description.abstract	The People’s Bank of China began to discuss the importance of DR007 (the 7-day repurchase rate by deposit-taking institutions at China’s interbank market) from 2016. This study compares the performance of the fixed DR007 (FDR007) to that of the other popular policy target rate, the FR007 (the fixed 7-day repurchase rate by both deposit-taking institutions and non-deposit-taking institutions). This is the first known study to make this comparison. Using a variety of methodologies, and based on daily datasets for January 2018–December 2019, this study concludes that the FDR007 outperforms FR007 with respect to policy target rates.	en
dc.language.iso	en	en
dc.rights	Other
dc.subject	COVID-19	en
dc.subject	Coronavirus	en
dc.title	China’s policy target rates: a preliminary comparative analysis	en
dc.type	Article	en
dc.identifier.doi	10.1080/17520843.2020.1848897
usyd.faculty	Faculty of Arts and Social Sciences	en
usyd.faculty	The University of Sydney Business School

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