3篇
您的检索式：作者名="Frank M.Song"
|
|
|
题名
|
作者
|
年代
|
出处
|
被引量
|
| 1 | Monetary Policy and Corporate Investment:Evidence from Chinese Micro Data显示文摘This paper investigates how a firm’s characteristics restrict the influence of monetary policy changes on its investment behavior.Focusing on China ’s listed companies for a sample period from the first quarter of 2002 to the first quarter of 2011,we find that quantityoriented and price-based monetary policies have heterogeneous impacts on corporate investment behavior,but the influence of monetary policies is constrained by the liquidity, inventory,size and asset-liability ratio of a firm.Firms with higher liquidity,lower inventory level and lower asset-liability ratios are less sensitive to the impact from two kinds of monetary policies.The larger the size of the firm,the less it is subject to influence from quantity-oriented monetary policy;it responds more to price-based monetary policy.The policy implication is that the monetary authorities should pay attention to the importance of policy-making based on the monetary demand of microeconomic entities. | Ying Sophie Huang Frank M.Song Yizhong Wang | 2012 | China & World Economy2012，20，5： | 12 |
| 2 | Interest Rate Pass-through in a Dual-track System:Evidence from China显示文摘Using the Phillips-Loretan approach,this paper verifies the degree and speed of passthrough and rigidity of different interest rates in China,as well as the response of private loan interest rates to other interest rates during 2002-2012.The results indicate that the long-term pass-through from the interbank offered rates and deposit and loan interest rates to the treasury bond rate is incomplete,but that the long-term pass-through to private loan interest rates is overshooting.The long-term pass-through from the deposit and loan interest rates to the overnight interbank offered rate is incomplete,while that to the interbank offered rates of other maturities is complete.The short-term passthrough and adjustment speed of interest rates exhibit asymmetry.Therefore,before considering a full liberalization of interest rates,it is important to further enhance the competition of the financial system and the function of different interest rate systems,such as the interbank market and bond market. | Xuejun Jin Frank M.Song Yizhong Wang Yi Zhong | 2014 | China & World Economy2014，22，4： | 7 |
| 3 | The determinants of capital structure:Evidence from China显示文摘 | Guihai HUANG Frank M.SONG | | 0，，： | 1 |
您所在的机构暂未开通此部分的功能，请联系管理员