Assessing the stability of the Chinese economy and the nature of its economic governance, this text examines how internationalisation has impacted on financial market development in China and how far this has contributed to the development of new institutions within China

"This paper compares spillovers from the US and Chinese financial markets to the rest of Asia-Pacific. Structural VAR analysis points to the growing influence of Chinese equities and currency movements. In normal times China's influence in the equity market has risen to a level close to that of...