credit activity, and heightened risk appetite—attributable to the commodity boom—are fuelling price volatility in asset …

interest rates, allowing for the better pricing of risk and capital. …Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … ability of the market determined rates to act as independent price signals, or as benchmarks for use in asset pricing and …

severe distortions in sovereign bond markets and safeguard monetary transmission. The cost of unsecured bond issuance remains …

and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment …

This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral …. We first identify the key collateral pools (relative to the “old†collateral space) and associated collateral … central banks are significantly altering the collateral space. Moreover, regulatory demands stemming from Basel III, Dodd …

beyond which asset prices will start to rise faster than the GDP deflator, thereby creating a gap between the face value and … the real purchasing value of financial assets and widen the wedge in income between those with capital stock and those …