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It is well known from anecdotal, survey and econometric evidence that the relationship between the exchange rate and macro fundamentals is highly unstable. This could be explained when structural parameters are known and very volatile, neither of which seems plausible. Instead we argue that...
Persistent link: https://www.econbiz.de/10013156606
Is it better to live in a big county than a small country? In this paper I examine whether economic and social conditions vary systematically with the population of a country. Economics provides a number of theoretical reasons why country size should matter, for instance because of increasing...
Persistent link: https://www.econbiz.de/10012729372
foreign banks operating in China. This paper evaluates bank performance using a Network DEA approach where an index of risk … two indices are constructed from a survey of risk managers in domestic banks and foreign banks operating in China. The use …
Persistent link: https://www.econbiz.de/10013127928
recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is …
Persistent link: https://www.econbiz.de/10013127930
. The ten largest commercial banks in China have all been listed, among which nine went public in the past decade. This … Kong, which have not received much attention in the literature. Our sample covers all the 16 listed banks in China and 17 … China. We also provide some tentative explanations for such different effects on banks' performance, and discuss the …
Persistent link: https://www.econbiz.de/10013127931
.e. current-quarter forecast) the annual growth rate of China's quarterly GDP. The data set contains 189 indicator series of …. The identified model generates out-of-sample nowcasts for China's GDP with smaller mean squared forecast errors than those … important block in estimating current-quarter GDP in China. Other important blocks are consumer and retail prices data and fixed …
Persistent link: https://www.econbiz.de/10013129181
existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …
Persistent link: https://www.econbiz.de/10013134851
The value of China's currency, the renminbi (RMB), and the conduct of China's exchange rate policy have generated …
Persistent link: https://www.econbiz.de/10013137220
It appears to be common knowledge that external financing in China is mostly limited to state-owned firms and is hard …-Scale Survey of Private Enterprises in China that was conducted in 1997, 2000, 2002, 2004, and 2006.The following stylized facts …
Persistent link: https://www.econbiz.de/10013138035
Adding contingently convertible debt securities, cocos, in an amount equal to about 3% of tangible assets to the financing mix of financial institutions is a promising reform idea. It would also be inexpensive for these institutions to issue cocos and thus to be prepared to recapitalize and to...
Persistent link: https://www.econbiz.de/10013122066