With regard to energy conservation and the reduction of emissions, China is dedicated to facilitating the development of renewable energy in order to fulfil its international responsibility. In recent years, the installed wind power capacity in China has increased rapidly due to its large scale...

Based on the CGE model, this paper simulates the impact of electricity price adjustment on demand for electricity, and the simulation results show the range of electricity elasticities of different consumers. The elasticities of the high power-consuming sectors are relatively larger. However,...

In recent years, the demand for natural gas has shown strong growth in China. However, the relative lack of domestic natural gas resources and dependence on gas imports have resulted in rising natural gas prices. In order to ensure market order, the natural gas pricing mechanism must be closely...

In recent years, coal price has risen rapidly, which has also brought a sharp increase in the expenditures of thermal power plants in China. Meantime, the power production price and power retail price have not been adjusted accordingly and a large number of thermal power plants have incurred...

Recent evidences provoke broad rethinking of the role of banks in money creation. The authors argue that apart from the reserve requirement, prudential regulations also play important roles in constraining the money supply. Specifically, they study three Basel III regulations and theoretically...

Both money and debt are products of credit creation of banks. Money is always circulating among traders by facilitating commodity transactions. In contrast, debt is created by borrowing and annihilated by repayment as it is matured. However, when this creation- annihilation process is mediated...