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Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...
Persistent link: https://www.econbiz.de/10003887495
This paper proposes a macro-prudential financial soundness analysis that can be used by most developing and transformation countries with or without crisis experience as well as by developed countries with limited data. The objective is to detect economic and financial sector vulnerability,...
Persistent link: https://www.econbiz.de/10003897420
Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian …, and total factor productivity (TFP) using firm-level data for China between 1998 and 2007. We find, consistent with the …
Persistent link: https://www.econbiz.de/10011571621
for the currencies of the BRICS (Brazil, Russia, India, China and South Africa). The data are daily and cover the period …
Persistent link: https://www.econbiz.de/10011422554
a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …
Persistent link: https://www.econbiz.de/10010518789
We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business …
Persistent link: https://www.econbiz.de/10003861779
We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data between 2005 and 2009. The currency weights of selected currencies are modeled as stochastic processes (random walks). The official announcement of the new exchange rate regime in...
Persistent link: https://www.econbiz.de/10003997605
This paper studies the performance of China's exports during the 2008-2009 financial crisis. It focuses on the speed at … which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP … trade prior to the crisis are hit by the recession earlier than other products. -- China ; exports collapse ; speed …
Persistent link: https://www.econbiz.de/10009303944
Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...
Persistent link: https://www.econbiz.de/10011420791
We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China … trade frictions. Our study confirms that China's capital flight pattern and its determinants are affected by the crisis … capital flight. These results highlight the challenges of managing China's capital flight, which requires information on the …
Persistent link: https://www.econbiz.de/10011375683