The English version of this paper can be found at 'http://ssrn.com/abstract=2949307' http://ssrn.com/abstract=2949307.Chinese Abstract:...

This paper investigates the relationship between the collapse timing of exchange rate regime and degree of substitutability of foreign currency for domestic currency as a medium of exchange. According to the spirit of Chen et al. (1981), Tsaur (1987), Chang et al. (1991), we set up a...

This paper extends the theoretical model of Liaw et al. (2004) to incorporate the supply shocks of output. For a country adopting dual floating exchange rate system and facing the supply shocks will cause the price level to increase persistently. If the price level reaches the price ceiling...

This paper briefly surveys the development of international finance theories after the 1960s. The important theories reviewed in this paper include: exchange rate dynamics, policy pre-announcement, first-generation currency crises, intertemporal optimizing model, exchange rate target zones,...

English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...

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Chinese Abstract:...

Chinese Abstract:...

Chinese Abstract:...