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Using the capital market approach and the equity price data of 14 listed Chinese banks, this empirical study finds that there is a positive relationship between bank size and foreign exchange exposure. This relationship may reflect the larger foreign exchange operations and trading positions of...
Persistent link: https://www.econbiz.de/10013129070
Using the capital market approach and the equity price data of 14 listed Chinese banks, this empirical study finds that there is a positive relationship between bank size and foreign exchange exposure. This relationship may reflect the larger foreign exchange operations and trading positions of...
Persistent link: https://www.econbiz.de/10013134295
Using daily equity price data from July 2005 to November 2009, we find that most of the 14 Chinese listed banks are highly exposed to the RMB/USD exchange rate. By breaking our data period into two subperiods around the financial crisis, we find that Chinese banks were even more exposed in the...
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-through) vary with trade credit. We put together a dataset that contains customs data and bank statements for the universe of … prices respond significantly less for products sold by exporters issuing more trade credit (more complete exchange rate pass … complementarity between trade credit and bank loans. We introduce an open economy model of monopolistic competition in international …
Persistent link: https://www.econbiz.de/10014351016
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This research investigates the interactions of U.S. interest rate, the different types of bank loans at all U.S. commercial banks, production activities and the foreign exchange rate between U.S. and China. This paper uses monthly data from 1981 to 2012 to show that some U.S. bank-loan-related...
Persistent link: https://www.econbiz.de/10013084509