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Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of "strict IT", which imply a fully flexible exchange rate, or applying a "flexible IT", which entails a de facto managed floating exchange rate with FX interventions to moderate exchange...
Persistent link: https://www.econbiz.de/10008914185
attention to the BRIC (Brazil, Russia, India and China). The paper also reviews the participation of these countries in some key …
Persistent link: https://www.econbiz.de/10008871975
China declined during the past decade, despite these reforms. In this paper, we show both empirically and theoretically that … operating in China during 1996-2008, we show that competition actually increased in the past decade when the PE indicator is … specifications and estimation methods. All in all, our analysis suggests that bank lending markets in China have been more …
Persistent link: https://www.econbiz.de/10010862252
We analyze empirically whether the emergence of China as a large recipient of FDI has affected the amount of FDI … find a substitution from Latin American inward FDI to China, when other relevant factors are taken into account. However …, concentrating on the last few years (from 1995 to 2001), when FDI boomed worldwide and negotiations for China's WTO membership …
Persistent link: https://www.econbiz.de/10005155210
basically reflects that the four state-owned commercial banks -China’s largest banks- have been the main drag for system …’s profitability. We find the same negative influence for China’s development banks (so called Policy Banks), which are fully state … the influence of government intervention in explaining bank performance in China. These findings should not come as a …
Persistent link: https://www.econbiz.de/10004969781
) in China. We use data of outward FDI from the United States, Japan, Hong Kong, Taiwan and Korea to various regions of … China from 1990 to 2002. We control for the standard determinants of FDI, namely regional market size, wage rates, human …
Persistent link: https://www.econbiz.de/10005088311
In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long …-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China …-)escalate once global and domestic economic conditions normalise. Third, the fundamental factors underpinning growth in China are …
Persistent link: https://www.econbiz.de/10010687528