Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212903 
Year of Publication: 
2018
Series/Report no.: 
BOFIT Discussion Papers No. 18/2018
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper investigates the implementation of regionally differentiated macro-prudential policies in China. To assess the relative intensity of the city-level macro-prudential policies over time, we construct a time-varying city-level macro-prudential policy intensity indicator for 70 Chinese cities from 2010-2017. The empirical evidence shows China's macro-prudential toolbox has gradually evolved toward city-level policies tailored to granular local conditions to mitigate risks.
JEL: 
O18
E52
C38
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-245-7
Document Type: 
Working Paper






Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.