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ambition, or COVID-19 induced recession; it is China's fast acceleration in becoming a game changer in the world order that the …
Persistent link: https://www.econbiz.de/10012825152
At a summit meeting in December 2011, China and Japan agreed to improve cooperation on developing their financial …
Persistent link: https://www.econbiz.de/10013105084
China introduced yuan-denominated trade settlement in July 2009 to help its exporters avoid exchange rate risk. The … foreign and 10 of those Japanese, have been selected to participate in the pilot program on the mainland China side. Reasons … forward in stages. China's foreign exchange and capital transactions have already been liberalized roughly to the point where …
Persistent link: https://www.econbiz.de/10013141610
This paper adopts the tail-event driven network (TENET) framework to explore the connectedness and systemic risk of the banking industry along the Belt and Road (B&R) based on weekly returns of 377 publicly-listed banks from 2014 to 2019. We conduct the connectedness analysis from four levels...
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In this paper we study systemic risk for North America and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between North American and European banks are smaller than within each region. We then...
Persistent link: https://www.econbiz.de/10009704666