Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Sara Segal-Williams is ChinaFile’s Senior Editor for Copy. She holds a B.A. from Bard College, where she concentrated in Chinese History, and an M.A. in International Relations from Central European...