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significantly and persistently positive after 2002, when China entered WTO. The effect of the current return for Shanghai on New … global financial crisis, but reaches the level of about 0.4 to 0.5 in 2010 for both markets. Our results show that China …
Persistent link: https://www.econbiz.de/10009251251
Chinese exchange rate policy. We find it advisable and viable for China to form a basket currency with a diversified portfolio … potential for China to engage in currency diversification, which will not necessarily affect the dollars position. …
Persistent link: https://www.econbiz.de/10009251254
Nonlinear Auto Regressive Moving Average with eXogenous inputs (NAR-MAX), to investigate determinants of housing prices in China … prices in China and will provide some valuable insights on how to use monetary policies to manage asset prices. …
Persistent link: https://www.econbiz.de/10009251255
This study finds that the growth in labour costs in China is not passed through fully to final prices in China, neither … increases in China for global inflation pressures are also discussed. …
Persistent link: https://www.econbiz.de/10010735268
We use data from the World Bank Global Findex database for 2011 to analyze financial inclusion in China, including … comparisons with the other BRICS countries. We find a high level of financial inclusion in China manifested by greater use of … voluntary. The use of formal credit is however less frequent in China than in the other BRICS. Borrowing through family or …
Persistent link: https://www.econbiz.de/10010818552
This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …
Persistent link: https://www.econbiz.de/10010818554
This paper contributes to the debate on the effect of capital requirements on bank efficiency. We study the relation between capital ratio and bank efficiency for Chinese banks over the period 2004-2009, taking advantage of the profound regulatory changes in capital requirements that occurred...
Persistent link: https://www.econbiz.de/10010818558
In contrast to the well established markets such as the dollar-euro market, recent CIP deviations observed in the onshore dollar-RMB forward market were primarily caused by conversion restrictions in the spot market rather than by changes in credit risk and/or liquidity constraint. This paper...
Persistent link: https://www.econbiz.de/10010818559
We find that Chinese trade flows respond to economic activity and relative prices -- as represented by a trade weighted exchange rate -- but the relationships are not always precisely or robustly estimated. Chinese exports are generally well-behaved, rising with foreign GDP and decreasing as the...
Persistent link: https://www.econbiz.de/10010818564
This paper studies empirically the role of China in the world economy. We examine both the way the Chinese economy … reacts to selected exogenous macroeconomic shocks and the repercussions for the world economy of a shock emanating from China … world economy despite the rapid rise of China in recent years. In this vein, output rises in advanced economies by 1% to 1 …
Persistent link: https://www.econbiz.de/10010818566