2min chapter

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S6 Ep19: Implementing central bank policy in China

VoxTalks Economics

CHAPTER

The Economic Effect of the Guidance

Bank ownership dominates faction membership. The greater the presence of central government owned banks with special CEO, remember are the ones that raise interest rates and down pain requirement the most. Of course, for this to matter, then the interpretation has to have some real world effects. Did you find that this difference in interpretation, you can see it in the economic effect of the guidance? Absolutely. It does have an impact on the extent to which there is more recent restraints and downtown reforms.

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