Data Mining and Economic Application in the Age of Financial Big Data: A Case Study of Shadow Banking and Interest Rate Liberalization in China

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Variable type</td><td class="align_center">Variable name</td><td class="align_center">Implications</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Explained variables</td><td class="align_center">Sbank</td><td class="align_center">Year-on-year growth rate of entrusted loans, trust loans, and the sumof undiscounted bank acceptances</td></tr><tr><td class="align_left" rowspan="4">Explaining variables</td><td class="align_center">DRD</td><td class="align_center">Benchmark deposit rate - market interest rate</td></tr><tr><td class="align_center">LRD</td><td class="align_center">Benchmark loan rate - market interest rate</td></tr><tr><td class="align_center">DRG</td><td class="align_center">Benchmark loan rate - inflation rate</td></tr><tr><td class="align_center">LRG</td><td class="align_center">Benchmark deposit rate - inflation rate</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Measurable indicators for liberalization level of interest rates and scale expansion of shadow banks.</div>

Mathematical Problems in Engineering

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Table 3

Table 3: Data Mining and Economic Application in the Age of Financial Big Data: A Case Study of Shadow Banking and Interest Rate Liberalization in China 

Table 3 | Data Mining and Economic Application in the Age of Financial Big Data: A Case Study of Shadow Banking and Interest Rate Liberalization in China 