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Monetary policy shocks and peer-to-peer lending in China
Funke, Michael; Li, Xiang; Tsang, Andrew - 2019
This paper studies monetary policy transmission in China's peer-to-peer lending market. Using spectral measures of … causality, we explore the impacts of Chinese monetary policy shocks on China's P2P market interest rates and lending amounts … Granger-cause the credit amount in the P2P lending market. …
Persistent link: https://www.econbiz.de/10012161128
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Modelling the time-variation in euro area lending spreads
Blagov, Boris; Funke, Michael; Moessner, Richhild - 2015
Persistent link: https://www.econbiz.de/10011437574
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Modelling the Time-Variation in Euro Area Lending Spreads
Blagov, Boris - 2015
Using a Markov-switching VAR with endogenous transition probabilities, we analyse what has triggered the interest rate pass-through impairment for Italy, Ireland, Spain and Portugal. We find that global risk factors have contributed to higher lending rates in Italy and Spain, problems in the...
Persistent link: https://www.econbiz.de/10013012171
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Dynamic stochastic general equilibrium-based assessment of nonlinear macroprudential policies : evidence from Hong Kong
Funke, Michael; Paetz, Michael - In: Pacific economic review 23 (2018) 4, pp. 632-657
Persistent link: https://www.econbiz.de/10012165845
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Extracting leading indicators of bank fragility from market prices : Estonia focus
Chen, Yu-Fu; Funke, Michael; Männasoo, Kadri - 2006
is to use a plurality of risk scores when assessing bank vulnerability. …
Persistent link: https://www.econbiz.de/10003270639
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Extracting leading indicators of bank fragility from market prices : estonia focus
Chen, Yu-Fu (contributor); Funke, Michael (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003262065
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Taking the Temperature - Forecasting GDP Growth for Mainland China
Curran, Declan; Funke, Michael - Institut für Makroökonomie und Wirtschaftspolitik, … - 2006
We present a new composite leading indicator of economic activity in mainland China, estimated using a dynamic factor …
Persistent link: https://www.econbiz.de/10005823523
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Economic Growth across Space and Time: subprovincial Evidence from Mainland China
Curran, Declan; Funke, Michael; Wang, Jue - Institut für Makroökonomie und Wirtschaftspolitik, … - 2007
We present a new composite leading indicator of economic activity in mainland China, estimated using a dynamic factor …
Persistent link: https://www.econbiz.de/10005823531
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Volatility Transmission between Renminbi and Asia-Pacific on-shore and off-shore U.S. dollar futures
Colavecchio, Roberta; Funke, Michael - Institut für Makroökonomie und Wirtschaftspolitik, … - 2008
This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non-deliverable forward market and seven of its Asia-Pacific counterparts over the period January 1998 to March 2005. To account for the time-variability of conditional correlation, a dynamic...
Persistent link: https://www.econbiz.de/10005823534
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The undisclosed Renminbi Basket: are the markets telling us something about where the Renminbi - US Dollar Exchange Rate is going?
Gronwald, Marc; Funke, Michael - Institut für Makroökonomie und Wirtschaftspolitik, … - 2008
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005823536