Bank Lending Channel of Listed Banks in China -- Bank Level Panel Data Analyses
The Bank Lending Channel, proposed by Bernanke & Blinder (1988), among other transmission mechanisms, is hypothesized to exist in China because of the dominance of the Chinese banking system. This paper mainly investigates the effect of monetary policy rate change on the lending behavior of Chinese banks. The study firstly used the aggregated data of all banks including policy banks, commercia