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Annual Report on China's Petroleum, Gas and New Energy Industry (2021)
Cai, Fang (ed.); Ma, Yongsheng (ed.); Jin, Zhijun (ed.) - 2022
1. Prospects for China’s Economic Development During the 14TH Five-Year Plan Period -- 2.Prospects for China’s Energy … industry, and low-carbon market in the post-pandemic era of China and the whole world. It provides the overview of the China … energy industries. It aims to present Chinese insights on the development of the energy industry of China and the world. …
Persistent link: https://www.econbiz.de/10013414567
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Was There Front Running During the Ltcm Crisis?
Cai, Fang - 2003
This paper uses a unique dataset of audit trail transactions to examine the trading behavior of market makers in the Treasury bond futures market when Long-Term Capital Management (LTCM) faced binding margin constraints in 1998. Although identities are concealed in the dataset, I find strong...
Persistent link: https://www.econbiz.de/10012740001
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Does the Market Conspire Against the Weak? An Empirical Study of Front Running Behavior During the Ltcm Crisis
Cai, Fang - 2002
Most microstructure models assume that market makers are uninformed and that they trade competitively. However, empirical evidence about market makers' trading behavior is still relatively scant. This paper uses a unique audit trail transactions dataset to investigate the trading behavior of...
Persistent link: https://www.econbiz.de/10012741697
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Quantitative Easing and Bank Lending : Evidence from Japan
Bowman, David - 2011
Prior to the recent financial crisis, one of the most prominent examples of unconventional monetary stimulus was Japan's "quantitative easing policy" (QEP). Most analysts agree that QEP did not succeed in stimulating aggregate demand sufficiently to overcome persistent deflation. However, it...
Persistent link: https://www.econbiz.de/10013122198
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Institutional herding and its price impact : evidence from the corporate bond market
Cai, Fang; Han, Song; Li, Dan; Li, Yi - 2016
Among growing concerns about potential financial stability risks posed by the asset management industry, herding has been considered as an important risk amplification channel. In this paper, we examine the extent to which institutional investors herd in their trading of U.S. corporate bonds and...
Persistent link: https://www.econbiz.de/10011578934
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Institutional Herding and Its Price Impact : Evidence from the Corporate Bond Market
Cai, Fang - 2017
We examine the extent to which institutional investors herd in the U.S. corporate bond market and the price impact of their herding behavior. We find that the level of institutional herding in corporate bonds is substantially higher than what is documented for equities, and that sell herding is...
Persistent link: https://www.econbiz.de/10012970593
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How has Economic Restructuring Affected China’s Urban Workers?*
Giles, John; Park, Albert; Cai, Fang - 2003
Using data from the China Urban Labor Survey conducted in five large Chinese cities at year end 2001, we quantify the …
Persistent link: https://www.econbiz.de/10009477027
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Do migrants really save more? Understanding the impact of remittances on savings in rural China
Zhu, Yu; Wu, Zhongmin; Wang, Meiyan; Du, Yang; Cai, Fang - 2009
This paper studies the impact of remittances on the savings behaviour of rural households in China, using a cross …
Persistent link: https://www.econbiz.de/10010277831
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Gender wage differentials in China's urban labour market
Wang, Meiyan; Cai, Fang - 2006
This paper describes and decomposes wage differences between female and male workers. The results indicate that females receive low wages because of unequal pay within sectors, and that the wage gap caused by the difference in sectoral attainment is small. The results also reveal that a lion’s...
Persistent link: https://www.econbiz.de/10010284723
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Approaching a triumphal span: How far is China towards its Lewisian turning point?
Cai, Fang - 2008
With the aid of an analytical framework of the Lewis model revised to reflect the experience of China, this paper … China’s growth as achieved during the course of economic reform and the opening-up of the country: the exploitation of the … the approaching turning point in China’s economic development and examines a host of challenges facing the country in …
Persistent link: https://www.econbiz.de/10010284736