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Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China
Bayoumi, Tamim; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2013
This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in-...
Persistent link: https://www.econbiz.de/10010790306
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What Drives China's Interbank Market?
International Monetary Fund (IMF); International … - 2009
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and …
Persistent link: https://www.econbiz.de/10008528670
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People's Republic of China; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201
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Effects of Capital Flow Liberalization; What is the Evidence from Recent Experiences of Emerging Market Economies?
Sedik, Tahsin Saadi; Sun, Tao - International Monetary Fund (IMF) - 2012
This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows...
Persistent link: https://www.econbiz.de/10011242176
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The Spillover Effects of a Downturn in China’s Real Estate Investment
Ahuja, Ashvin; Myrvoda, Alla - International Monetary Fund (IMF) - 2012
Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector’s extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like...
Persistent link: https://www.econbiz.de/10011142057
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Exploring determinants of firms' participation in the new offshore Renminbi debt securities market
Mizen, Paul; Tsoukas, Serafeim - 2015
Persistent link: https://www.econbiz.de/10012200127
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Debt capital markets in China
Gao, Jian - 2007
Persistent link: https://www.econbiz.de/10003355635
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The development of China's bond market
Fung, Hung-gay; Liu, Qingfeng Wilson; Zhang, Fan - In: The Chinese economy : translations and studies 52 (2019) 1, pp. 107-123
Persistent link: https://www.econbiz.de/10012181246
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Credit rating in China's bond market : evidence from short-term financing bonds
Zhu, Song - In: Modern economy 4 (2013) 2, pp. 119-129
Persistent link: https://www.econbiz.de/10010201953
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The Intra-Regional Spillover Effect of Bond Defaults : Evidence from China's Credit Bond Market
Wang, Wenlong; Huang, Yuqin; Watson, John; Yang, Bowen - 2021
Taking the first bond defaults in each province in China as credit events, we adopt a difference-in-difference model … and find that credit spreads of other corporate bonds in the same province increase by 6 basis points on the first default … event day, suggesting a spillover effect. The spillover effect is stronger for local state-owned-enterprise bond defaults …
Persistent link: https://www.econbiz.de/10013250335