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has been cited by the following article:

• TITLE: The Transmission Mechanism and Prospect of China’s Standing Lending Facility

  AUTHORS: Runjia Zeng, Pu Liu

  KEYWORDS: Standing Lending Facility, Transmission Mechanism, Prospect, Interest Rate, Liquidity

  JOURNAL NAME: Journal of Service Science and Management, Vol.10 No.2, April 13, 2017

  ABSTRACT: People’s Bank of China created the Standing Lending Facility (SLF) in June, 2013. As a tool of monetary policy, standing lending facility is created to maintain the stabilization of monetary market and help country’s economy develop steadily. In developed countries, tools like SLF have already been used much earlier than China, so this time I will use their research methods and try to study the transmission mechanism of China’s SLF. Meantime, in the background that China is carrying forward market-based reform of interest rates, the application prospect of SLF will be at the same time discussed.