Series: IMF Working Papers
Author(s): Nathan Porter , and Nuno Cassola
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2011
Keywords: Term Structure of Interest Rates, bond, bonds, inflation, treasury bonds, Financial Markets and the Macroeconomy,
China's financial prices are informative enough for the PBC to introduce a monetary policy framework centered around interest rates. While bond yields are not fully efficient?reflecting regulation, liquidity, and s...