transition to increased flexibility of the exchange rate regime. Instead of conventional basket pegging, such an economy uses an … 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. …

appraise the weak development of bond market in China. We test if flotation costs, asymmetries of information, and …

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 …

We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms …

, various financial institutions that operate in China are analyzed. Our results confirm that the Chinese banking sector is … truly in a class of its own, especially given the level of China’s economic development. Despite significant reforms, the …

syndicated loans to corporate borrowers in China. In line with theoretical literature, ownership concentration of the borrowing … foreign banks relative to local banks in China. Moreover, it appears that increased financial leverage discourages foreign …

major actor in China's domestic capital allocation, with an active role in strategic financing and restructuring of key … sectors of the Chinese economy. The data reviewed for this paper strongly suggests that the Chinese central government aims to … retain significant ownership control over key SOEs and, by extension, over a major part of the domestic economy. The new …