The US financial crisis and subsequent European sovereign debt crisis not only constitute serious threats to the security of China's foreign exchange reserves, but also provide an advantageous opportunity for China to change its ideas on foreign exchange reserve management. First, according to...

In recent years, China has faced an increasing trilemmahow to maintain independent monetary policy and limit exchange rate flexibility simultaneously, while at the same time facing persistent and substantial international capital flows. This paper undertakes an empirical investigation to...

Purpose: The purpose of this paper is to investigate how the pay gap between the management and ordinary employees influence corporate technology innovation. Design/methodology/approach: This study built a tournament model based on inventor innovation and career promotion. In addition, the...

Since 2003, China has been facing a trilemma of determining how to maintain independent monetary policy and limit exchange rate flexibility simultaneously, while facing persistent and substantial international capital flows. The present paper is an empirical evaluation of the effectiveness of...

The US financial crisis and subsequent European sovereign debt crisis not only constitute serious threats to the security of China’s foreign exchange reserves, but also provide an advantageous opportunity for China to change its ideas on foreign exchange reserve management. First, according to...