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We study the credit channel of Chinese monetary policy in a structural vector autoregressive framework. Using combinations of zero and sign restrictions, we identify monetary policy shocks linked to supply and demand responses in the loan market. Our results show that policy shocks coinciding with loan supply effects account for roughly 10 percent of output dynamics after two years, while loan demand effects represent up to 7 percent of output dynamics depending on the policy measure. The credit channel thus constitutes an important and economically relevant transmission channel for monetary policy in China. Monetary policy in China also accounts for a relatively high share of business cycle dynamics. [ABSTRACT FROM AUTHOR]

Several charts showing the trends in the monetary policy in China including one on reserve requirement ratios, interest rates and loan growth are presented.

The article discusses the results of a study which assessed the monetary policy of China. Topics covered include the different estimations to examine the influence of reserve requirements on the enactment of monetary policy. Also mentioned is the analysis of the effectiveness of bank lending channel method.

The article discusses the conclusion of a study which examined the monetary policy of China. Topics covered include the impact of ownership type on the reserve requirements in loan growth in the country. Also mentioned is the launch and implementation of alternative monetary policy measures to enhance the country's economy.

A list of references used in a study about the monetary policy of China is presented including "Evidence on the Bank Lending Channel in Europe" by Y. Altunbas et al, "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations" by M. Arellano and S. Bond and "Inside the Bank Lending Channel" by L. Gambacorta.

The article discusses the methodology used in a study of the monetary policy of China. Topics covered include the investigation of the use of the bank lending channel methodology to enact the policy. Also mentioned are details about the equations used in examining the monetary policy of the country.

The article presents an introduction to research on the transmission of monetary policy in China. Topics covered include the assessment of the effectiveness of the bank lending channel to implement the policy. Also mentioned are the influences of monetary policy on the supply of loans from banks in the country.

This paper examines how reserve requirements influence the transmission of monetary policy through the bank lending channel in China while also taking into account the role of bank ownership. The implementation of Chinese monetary policy is characterized by the reliance on the reserve requirements as a regular policy tool with frequent adjustments. Using a large dataset of 170 Chinese banks for the period 2004-2013, we analyze the reaction of loan supply to changes in reserve requirements. We find no evidence of the bank lending channel through the use of reserve requirements. We observe, nonetheless, that changes in reserve requirements influence loan growth of banks. The same findings hold true for other monetary policy instruments. Further, we show that the bank ownership format influences transmission of monetary policy. [ABSTRACT FROM AUTHOR]