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- W2384697212 abstract "The paper brings the optimal bank lending equation, which includes the factors of bank capital regulation and credit rationing, into the CC-LM Model from Bernanke -Blinder (1988), and establishes new analysis framework of asymmetric effect of monetary policy from the angle of bank lending channel, namely, KCC-LM model. Then, the paper proves the applicability of KCC-LM model in China by means of the practice of monetary policy from 1997 to 2006. Finally, the paper furthers explanation on inherent mechanism of capital regulation strengthening the asymmetric effects of monetary policy from the angle of the unity of opposites of financial control purpose and financial stability purpose,and concludes the real implication of prudent monetary policy implemented from 1998." @default.
- W2384697212 created "2016-06-24" @default.
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- W2384697212 date "2010-01-01" @default.
- W2384697212 modified "2023-09-22" @default.
- W2384697212 title "KCC-LM Model:the New Analysis Framework of Asymmetric Effects of Monetary Policy——the Empirical and Institutional Analysis of the Practice of Monetary Policy in China from 1997~2006" @default.
- W2384697212 hasPublicationYear "2010" @default.
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