Showing 1 - 10 of 112
There are many similarities between the US, the UK and the Chinese housing markets, including the movements of interest rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage securitization market. These have triggered a serious concern as...
Persistent link: https://www.econbiz.de/10008461438
This paper analyzes empirically the relationship between the Shanghai Stock Exchange (SSE) Composite Index and the indexes of 10 Chinese listed banks to test whether the listing of these banks had played a role in leading the Chinese stock market. Using daily prices from 1 June 2006 to 15...
Persistent link: https://www.econbiz.de/10008461469
<heading id="h1" level="1" implicit="yes" format="display">Abstract</heading> The 17th Chinese Communist Party Congress in October 2007 attracted attention within and outside China for the bold development agenda that was placed before delegates. After 30 years of economic reform that has produced a remarkable improvement in living standards and China's...
Persistent link: https://www.econbiz.de/10005202575
type="main" xml:id="twec12105-abs-0001" <title type="main">Abstract</title> <p>Rapid urbanisation and rising income have led to a strong demand for housing in urban China. However, housing development has been distorted by speculation, income inequality and lack of government support for low-cost houses. In recent years,...</p>
Persistent link: https://www.econbiz.de/10011037188
China is now the world's second largest economy, and it is expected to overtake the United States to become the largest by 2020. What are the implications for the global environment and climate change if China surpasses the United States? There are major concerns with China's rapid rise because...
Persistent link: https://www.econbiz.de/10011009823
The Chinese stock markets were extremely volatile during the period 2005-08. The Shanghai Stock Exchange (SSE) Composite Index increased more than sixfold from 1,012 in 2005 to 6,124 by the end of 2007. It then declined continuously to reach a low of 1,929 on 17 September 2008, or a drop of 70...
Persistent link: https://www.econbiz.de/10005005376
The current financial crisis hit the banking giants of the world really hard. It is striking to note that some of the large Chinese commercial banks have emerged to be the biggest winners as a result of the crisis thanks to reforms over the last 10 years. The most significant reform before the...
Persistent link: https://www.econbiz.de/10008544187
Persistent link: https://www.econbiz.de/10009293231
This paper investigates the dynamic and long-run relationships between monetary policy and asset prices in China using monthly data from June 2005 to September 2010. Johansen’s cointegration approach based on vector autoregression (VAR) and Granger causality test are used to identify the...
Persistent link: https://www.econbiz.de/10010610385
This article investigates the dynamic and long-run relationships between the monetary policy and asset prices in China using monthly data from June 2005 to February 2012. Johansen's cointegration approach based on the Vector Autoregression (VAR) and the Granger causality test are used to...
Persistent link: https://www.econbiz.de/10010618476