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Mishkin, Frederic S. - 2000

This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...

Persistent link: https://www.econbiz.de/10012470928

Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens

Coppola, Antonio - 2020

nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …

Persistent link: https://www.econbiz.de/10012482036

China in tax havens

Clayton, Christopher; Santos, Amanda dos; Maggiori, Matteo - 2023

Persistent link: https://www.econbiz.de/10014246478

China in Tax Havens

Clayton, Christopher; Coppola, Antonio; Santos, Amanda dos - National Bureau of Economic Research - 2023

We document the rise of China in offshore capital markets. Chinese firms use global tax havens to access foreign … capital both in equity and bond markets. In the last twenty years, China's presence went from raising a negligible amount of …

Persistent link: https://www.econbiz.de/10013537759

The Stock Connect to China

He, Zhiguo; Wang, Yuehan; Zhu, Xiaoquan - National Bureau of Economic Research - 2023

As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...

Persistent link: https://www.econbiz.de/10013537785

Capital Movements, Asset Values, and Banking Policy in Globalized Markets

Kane, Edward J. - 1998

Weaknesses in banking systems are rooted in government credit-allocation preferences that prove unsupportable in private markets. Losses that preferential loans impose on lending banks and on the governmental safety net can be covered up for awhile, but not indefinitely. A silent run begins when...

Persistent link: https://www.econbiz.de/10012472177

A Model of Crises in Emerging Markets

Dooley, Michael P. - 1997

First generation models of speculative attacks show that apparently random speculative attacks on policy regimes can be fully consistent with rational and well-informed speculative behavior. Unfortunately, models driven by a conflict between exchange rate policy and other macroeconomic...

Persistent link: https://www.econbiz.de/10012472513

East Asian Economies and Financial Globalization In the Post-Crisis World

Aizenman, Joshua - 2016

decades, whereas China's has been on a rising trend, yet the share of trade among Asian economies with the dollar zone …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently … making efforts to "internationalize" its currency, the yuan (RMB). Hence, if China succeeds in its internationalization …

Persistent link: https://www.econbiz.de/10012456407

Job-search and foreign capital inflow : a three-sector general equilibrium analysis

Chaudhuri, Sarbajit; Bandopadhyay, Titas Kumar - In: Economic modelling 35 (2013), pp. 159-169

Persistent link: https://www.econbiz.de/10010258872

International factor mobility, informal interest rate and capital market imperfection : a general equilibrium analysis

Chaudhuri, Sarbajit; Gupta, Manash Ranjan - In: Economic modelling 37 (2014), pp. 184-192

Persistent link: https://www.econbiz.de/10010417764