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This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non-deliverable forward market and seven of its Asia-Pacific counterparts over the period January 1998 to March 2005. To account for the time-variability of conditional correlation, a dynamic...
Persistent link: https://www.econbiz.de/10005419581
There have been profound changes in both political and economic institutions in China over the last twenty years …
Persistent link: https://www.econbiz.de/10005419585
two emerging stock markets - Russia and China, because of their unique characteristics and performance in the past years …
Persistent link: https://www.econbiz.de/10005419590
We present a new composite leading indicator of economic activity in mainland China, es-timated using a dynamic factor …
Persistent link: https://www.econbiz.de/10005419594
features of China's extensive processing trade cause both the identification of imported intermediate goods, and their … intermediate goods imported into China. Vertical specialization is then estimated using two methods. The first method uses the … strong evidence of an Asian network of intermediate suppliers to China, and the two methods provide a range of estimates for …
Persistent link: https://www.econbiz.de/10005419600
stability in mainland China. We examine whether excess money relative to rulebased values provides information that improves the …
Persistent link: https://www.econbiz.de/10005419610
In January 2008, China adopted a new labour contract law. This new law represents the most significant reform to the … legislation on employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the …
Persistent link: https://www.econbiz.de/10005419612
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005419616
economy. We use data on diffusion indices collected by the People’s Bank of China for forecasting industrial production …
Persistent link: https://www.econbiz.de/10005648573
This paper shows empirically that China’s trade balance is sensitive to fluctuations in the real effective exchange … other Southeast Asian countries which fall. This result reflects the vertical integration of Southeast Asia with China … through the 'Asian production network'. We find, in turn, that imports from Germany – which serve China’s domestic demand …
Persistent link: https://www.econbiz.de/10005648577