Why did China raise reserve requirements in 2014? How did they expect consumers and businesses to respond?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 30, 2018 02:39 AM

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The Peoples Bank of China, the countrys central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market following a spell of robust economic growth. a....
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Why did China raise reserve requirements in 2014? How did they expect consumers and businesses to respond?

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The Chinese government wanted to slow econ...View the full answer

The Macro Economy Today

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