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| Author: | Zen, Linghua |
| Title: | No liquidity trap exists in China's economy in recent years (original in Chinese) |
| Journal: | Economics Information (c)
1999 : 12, p.16-18 |
| Index terms: | SAVINGS MONETARY POLICY CHINA |
| Language: | chn |
| Abstract: | China's current effective interest shows that the current nominal rate still can be decreased. The low increase of money supply and analysis of the cash and check deposits of recent years also indicates there is no liquidity trap at present time (the growth rate of M0 and M1 is falling and the increase of M0 and M1 is slower than that of M2). In addition, in the course of analyses, we should differentiate liquidity trap from the flexibility of interest rate of investment and consumption, from the investors' lack of investment funding sources. |
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