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Zhang, C. (2009) Excess Liquidity, Inflation and the Yuan Appreciation: What Can China Learn from Recent History? The World Economy, 32, 998-1018.
https://doi.org/10.1111/j.1467-9701.2009.01191.x

has been cited by the following article:

• TITLE: Excess Liquidity and Bank Managers’ Remuneration: The Role of Monetary Policy

  AUTHORS: Thai Vu Hong Nguyen, Tam Vi An Le, Greeni Maheshwari

  KEYWORDS: Excess Liquidity, Remuneration, Monetary Policy, Emerging Markets

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.12, September 17, 2018

  ABSTRACT: This paper investigates the impacts of monetary policy on bank managers’ remuneration in Vietnam and China where excess liquidity is present in the economies. The study argues that excess liquidity provides the condition to conceal risk taken by bank managers, and hence their remunerations are improved. However, the capability of excess liquidity in concealing risk is attenuated during the tightening monetary policy regime. The study extends the relationship between monetary policy and risk taking incentives of bank managers to the context of excess liquidity condition.