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China’s Financial Interlinkages and Implications For Inter-Agency Coordination

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  • Min Liao
  • Tao Sun
  • Jinfan Zhang

Abstract

China’s financial system has become very large, diversified, and interconnected. This changing financial landscape could potentially produce systemic risks, arising primarily from growing financial interconnectedness. The paper argues that, to address the potential systemic risks, Chinese authorities should further strengthen internal coordination, notably by institutionalizing better information collection and sharing among regulators, as well as enhancing coordinated and comprehensive analysis of systemic risk.

Suggested Citation

  • Min Liao & Tao Sun & Jinfan Zhang, 2016. "China’s Financial Interlinkages and Implications For Inter-Agency Coordination," IMF Working Papers 2016/181, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2016/181
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    References listed on IDEAS

    as
    1. Miss Yinqiu Lu & Tao Sun, 2013. "Local Government Financing Platforms in China: A Fortune or Misfortune?," IMF Working Papers 2013/243, International Monetary Fund.
    2. Zsofia Arvai & Ananthakrishnan Prasad & Kentaro Katayama, 2014. "Macroprudential Policy in the GCC Countries," IMF Staff Discussion Notes 14/1, International Monetary Fund.
    3. Ben S. Bernanke, 2012. "Some Reflections on the Crisis and the Policy Response : a speech at the Russell Sage Foundation and The Century Foundation Conference on \"Rethinking Finance,\" New York, New York, April 13," Speech 639, Board of Governors of the Federal Reserve System (U.S.).
    4. Ms. Zsofia Arvai & Mr. Ananthakrishnan Prasad & Mr. Kentaro Katayama, 2014. "Macroprudential Policy in the GCC Countries," IMF Staff Discussion Notes 2014/001, International Monetary Fund.
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    Cited by:

    1. Chen, Ting-Hsuan & Shen, Chung-Hua & Wu, Meng-Wen & Huang, Kuo-Jui, 2021. "Effect of shadow banking on the relation between capital and liquidity creation," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 166-184.
    2. Daniela Gabor, 2018. "Goodbye (Chinese) Shadow Banking, Hello Market†based Finance," Development and Change, International Institute of Social Studies, vol. 49(2), pages 394-419, March.

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