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In January 2008, China imposed a new labour contract law. This new law is the most significant reform to the law of … employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the inter …
Persistent link: https://www.econbiz.de/10010559450
for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price …
Persistent link: https://www.econbiz.de/10010559452
With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then...
Persistent link: https://www.econbiz.de/10010559456
Monetary policy in mainland China differs from conventional central bank- ing in several respects. The central bank … captures China’s unconventional monetary policy toolkit. We find that credit quotas are impor- tant as the interest …-rate corridor distorts the efficient reactions of the economy. Moreover, for China’s central bankers the choice of a particular …
Persistent link: https://www.econbiz.de/10010559457
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10010559462
This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non-deliverable forward market and seven of its Asia-Pacific counterparts over the period January 1998 to March 2005. To account for the time-variability of conditional correlation, a dynamic...
Persistent link: https://www.econbiz.de/10010559464
displays considerable persistence. Our analysis provides evidence that the knock-on effects from China’s currency forwards …
Persistent link: https://www.econbiz.de/10010559465
intrinsic value and to give a panorama of China's marketization and social development during last 30 years. Design … intrinsic values could be clearly shown. A panorama of China's marketization and social development is exhibited by IVA … value-neural system, but a subjective moral entity. China's maketization has enhanced economic value greatly, but suffered …
Persistent link: https://www.econbiz.de/10010561114
Purpose – The purpose of this paper is to evaluate the determinants of bank performance in China. In particular, the … paper examines the effects of stock market volatility, competition and ownership on bank performance in China. Design …/implications – Further research should examine other methods (e.g. the Rosse-Panzar H statistic) to calculate the bank competition in China …
Persistent link: https://www.econbiz.de/10010561132
Emerging countries have been winning large market shares since the early 1990s. Among these, China stands out with the …. Products exported by China incorporate, however, a large share of foreign inputs. By 2007 one tenth of internationally traded … products were shipped to China. These recent evolutions reveal the large and growing domestic market potential and explain the …
Persistent link: https://www.econbiz.de/10010561149