Lai, Jennifer; McNelis, Paul D. - 2019
of China (PRC), the renminbi (listed as CNH), directly affect the volatility of share prices of PRC banks and the overall …. Thus, CNH market volatility is a leading indicator of onshore PRC banking sector volatility. The results suggest that …, the CNH market appears to be a shock transmitter of risk from offshore economic policy uncertainty to the PRC's banking …