Purpose The purpose of the study is to explore the relationship between bank leverage and stock liquidity. Design/methodology/approach A simultaneous equations model and a two-stage least squares method were used to find the above-mentioned relationship, using data from all the listed banks of...

Purpose – The purpose of this study is to analyze the relationship between country risk, stock prices and the exchange rate of the renminbi (RMB) compared to that of the US dollar. Design/methodology/approach – An extended open macroeconomic model with investment–saving, liquidity...