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The Taylor rule (1993) focuses only on two objectives : output and inflation. In practice, the central banks loss function (especially in developing countries) contains objectives other than these two, like the interest rate smoothing, exchange rate stabilisation, etc. In this study, the...
Persistent link: https://www.econbiz.de/10009363961
We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through three routes : money by itself, exchange rate, and inflation. Our result points to the fact that...
Persistent link: https://www.econbiz.de/10011134344
We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through three routes : money by itself, exchange rate, and inflation. Our result points to the fact that...
Persistent link: https://www.econbiz.de/10011134378
that RMB revaluations are contractionary thus have negative impact on China's economic growth and employment. The purpose … of this paper is to empirically assess the effects of RMB real exchange rate on China's output. The econometric work of … possible explanations to this finding, and points out that the finding does not consequentially imply that China should …
Persistent link: https://www.econbiz.de/10009365455
some policy questions that confront China, as a major resource-procuring economy seeking resource security through foreign …
Persistent link: https://www.econbiz.de/10011277980
The paper briefly sets out factors behind Chinese demand for iron ore imports and the main features of China’s medium term resource consumption growth path. It then outlines the potential of major iron ore export countries to meet China’s medium term iron ore import demands. The...
Persistent link: https://www.econbiz.de/10011277983
economy and political power. In the last twenty five years the economy of China, a nation of 1.3 billion, has grown by a … almost half of the world output and more than half world trade, with China accounting for half of that. In 2010, Chinaâ …
Persistent link: https://www.econbiz.de/10011277990
This article analyses the motivation and impact of the 2009 intervention of the China Iron and Steel Association (CISA …
Persistent link: https://www.econbiz.de/10011277995
€™s Republic of China (PRC), one of the important major assembly bases, confirms the existence of international production sharing … study also points out the importance of the People’s Republic of China and Thailand as assembly bases. It concludes that …
Persistent link: https://www.econbiz.de/10011278001
-level export performance in Asia’s super exporter—The People’s Republic of China (PRC). While early studies suggested that …
Persistent link: https://www.econbiz.de/10011278008