Showing 1 - 10 of 3,297
This paper defines risk-on risk-off (RORO), an elusive terminology in pervasive use, as the variation in global investor risk aversion. Our high-frequency RORO index captures time-varying investor risk appetite across multiple dimensions: advanced economy credit risk, equity market volatility,...
Persistent link: https://www.econbiz.de/10014437038
by the number of publications originating from Chinese research institutions. China's rise in science has the potential …In recent decades, Chinese researchers have become preeminent contributors to the scientific enterprise, as reflected … it. In this manuscript, we study how fertile Chinese research is, as measured by citations. Using publication and …
Persistent link: https://www.econbiz.de/10013477264
access) on facilitating knowledge spillover and quality upgrading. Our context is the Chinese automobile industry, where …
Persistent link: https://www.econbiz.de/10012481192
We study capital controls on outflows (CCOs) in situations of macroeconomic and financial distress. We present novel empirical evidence indicating that CCO implementation is associated with crises and declines in GDP growth. We then develop a theoretical framework that is consistent with such...
Persistent link: https://www.econbiz.de/10015056204
matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese … production stages conducted in China over the 1992-2014 period, both in the aggregate and within firms over time. Firms span more …
Persistent link: https://www.econbiz.de/10012481098
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …
Persistent link: https://www.econbiz.de/10012459412
We discuss recent cases of Chinese buyout activity in the OECD (especially in the US and the EU) in resource and … Chinese Central Bank to companies investing abroad. The second is the transparency of entities involved in the buyout attempt …. Most Chinese companies have close ties to the multiple levels of government and are not subject to the standard reporting …
Persistent link: https://www.econbiz.de/10012466597
significant Chinese FDI flows into these countries, accounting for up to 10% of total inward FDI flows for certain countries in … these years. We use growth accounting methods to assess what portion of this elevated growth can be attributed to Chinese … thirteen Sub-Saharan African countries excluding Chinese FDI inflows for 2005-2007 and also 2003-2009. Our individual results …
Persistent link: https://www.econbiz.de/10012461114
, footwear, furniture, and related products are how many low-income countries first enter export manufacturing. Just as China …'s rise as a powerhouse in these goods supplanted a role previously occupied by the East Asian Tigers, the world may again be … on the cusp of significant change in where labor-intensive goods are produced. China's prowess in these sectors peaked in …
Persistent link: https://www.econbiz.de/10012482531
Over the last two decades, the unprecedented increase in non-bank financial intermediation, particularly open-end mutual funds and ETFs, accounts for nearly half of the external financing flows to emerging markets exceeding cross-border lending by global banks. Evidence suggests that investment...
Persistent link: https://www.econbiz.de/10014250161