, as well as in South Korea and China--two countries on different sides of the trilemma triangle of international finance …. We document that global financial shocks in both China and South Korea explain a substantial share of equity return … than 10 percent in Korea and negligible in the case of China). We also find that the combination of a closer capital …

The paper updates the answer to the question: what precisely is the exchange rate regime that China has put into place …

This paper studies how a rise in China's share of U.S. imports could lower pass-through of exchange rates to U … exporters. The model predicts that certain conditions are necessary to facilitate this 'China explanation' for falling pass …-through regressions indicating how to include the China share. Panel regressions over 1993-1999 support the prediction that a high China …

In this paper we present evidence as to the effects of the China (Shanghai) Pilot Free Trade Zone (SPFTZ) on China … and capital account liberalization into China's macro policy mix. We employ three methods to test the SPFTZ's impact on … causalities among China's money supply and the foreign interest rates. All these tests give consistent results suggesting that the …