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Real and Financial Sector Linkages in China and India

Real and Financial Sector Linkages in China and India »

Source: Real and Financial Sector Linkages in China and India

Volume/Issue: 2008/95

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869569

Keywords: Growth accounting, financial distortions, financial reforms, cost of capital, gnp, capital income, growth rate, growth model,

In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large an...

Financial Distortions in China

Financial Distortions in China »

Source: Financial Distortions in China : A General Equilibrium Approach

Volume/Issue: 2015/274

Series: IMF Working Papers

Author(s): Diego Anzoategui , Mali Chivakul , and Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 December 2015

ISBN: 9781513565149

Keywords: Financial distortions, interest rate liberalization, implicit government guarantees, interest, guarantees, deposit, implicit guarantees, deposits, General, Asia including Middle East

Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general e...

Rebalancing China's Economy

Rebalancing China's Economy »

Source: Rebalancing China's Economy : What Does Growth Theory Tell Us?

Volume/Issue: 2006/291

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865516

Keywords: Business cycle accounting, rebalancing growth, financial distortions, gnp, cost of capital, capital income, growth model, capital formation, Economywide Country Studies: Asia including Middle East,

This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important...

Real and Financial Sector Linkages in China and India

Real and Financial Sector Linkages in China and India »

Volume/Issue: 2008/95

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

DOI: http://dx.doi.org/10.5089/9781451869569.001

ISBN: 9781451869569

Keywords: Growth accounting, financial distortions, financial reforms, cost of capital, gnp, capital income, growth rate, growth model,

In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large an...

Financial Distortions in China
			: A General Equilibrium Approach

Financial Distortions in China : A General Equilibrium Approach »

Volume/Issue: 2015/274

Series: IMF Working Papers

Author(s): Diego Anzoategui , Mali Chivakul , and Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 December 2015

DOI: http://dx.doi.org/10.5089/9781513565149.001

ISBN: 9781513565149

Keywords: Financial distortions, interest rate liberalization, implicit government guarantees, interest, guarantees, deposit, implicit guarantees, deposits, General, Asia including Middle East

Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general e...

Rebalancing China's Economy
			: What Does Growth Theory Tell Us?

Rebalancing China's Economy : What Does Growth Theory Tell Us? »

Volume/Issue: 2006/291

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

DOI: http://dx.doi.org/10.5089/9781451865516.001

ISBN: 9781451865516

Keywords: Business cycle accounting, rebalancing growth, financial distortions, gnp, cost of capital, capital income, growth model, capital formation, Economywide Country Studies: Asia including Middle East,

This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important...