This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly data from 1996 to 2011 are used and the empirical investigation is conducted within the unit root and the cointegration framework. The results show that the relationship between...

This study examines the proximate determinants of velocity of money in post-reform China. It confirms that China is still in the first phase (declining) of U-shaped velocity behavior witnessed in other industrialized countries. The empirical results also show that the decline in M2 velocity is...