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How Does Fiscal Policy Affect Bank Credit? Evidence from China.
- Source :
-
Discrete Dynamics in Nature & Society . 12/23/2021, p1-8. 8p. - Publication Year :
- 2021
-
Abstract
- Using a set of Chinese economic data and a structural vector autoregression (SVAR) model, this paper investigates the transmission channels of fiscal policy to bank credit in China. We find that increases in tax revenue can increase bank credit through external financing premium channel, collateral channel, and bank liquidity channel. We also find that increases in government spending can reduce bank credit through bank liquidity channel and increase bank credit through external financing premium channel and collateral channel. [ABSTRACT FROM AUTHOR]
- Subjects :
- *BANK loans
*FISCAL policy
*BANKING policy
*ECONOMIC statistics
*BANK liquidity
Subjects
Details
- Language :
- English
- ISSN :
- 10260226
- Database :
- Academic Search Index
- Journal :
- Discrete Dynamics in Nature & Society
- Publication Type :
- Academic Journal
- Accession number :
- 154298947
- Full Text :
- https://doi.org/10.1155/2021/6790245