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Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We …
Persistent link: https://www.econbiz.de/10008528670
of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …€™ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China … China has, and will continue to have,a structural driver. …
Persistent link: https://www.econbiz.de/10008777035
Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong...
Persistent link: https://www.econbiz.de/10008777036
China’s economy has been moderate in 2012, with a GDP growth of about 8 percent. Macroeconomic policies helped to … approved projects. Directors encouraged the authorities to accelerate the transformation of China’s economy as conceived under …
Persistent link: https://www.econbiz.de/10014395440
, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more …
Persistent link: https://www.econbiz.de/10014395861
Error correction models of the demand for a range of monetary aggregates in China are estimated with quarterly data for … indirect evidence against the existence of substantial repressed inflation in China during the sample period. This is a working …
Persistent link: https://www.econbiz.de/10014396177
Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of...
Persistent link: https://www.econbiz.de/10014396291
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
The assessment report on the observance of China’s compliance with the Committee for Payment and Settlement System … executed at the China Foreign Exchange Trade Center. Domestic payments are handled through a diverse variety of payment systems …, mainly operated by the People's Bank of China, except for cards and some local clearinghouses. Real-time remittances, bills …
Persistent link: https://www.econbiz.de/10014396625