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This paper attempts to assess how compatible China is with respect to its dollar-based exchange rate regime. Assessment … endogenous problem in OCA analysis and this view of convergence criteria, the relevant features of China are evaluated against … conditions in China broadly conform to those prevailing in these economies which maintain strong links to the US dollar. …
Persistent link: https://www.econbiz.de/10010602014
As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant … control over money market interest rates. With money market conditions increasingly influencing effective commercial lending …. Furthermore, interest rates are an important determinant of investment spending in China, via the user cost of capital, and …
Persistent link: https://www.econbiz.de/10008764467
This paper develops a model of the Chinese economy using a DSGE framework that accommodates a banking sector and money … in the use of indirect inference to estimate and test the fitted model. We find that the main shocks that hit China in …
Persistent link: https://www.econbiz.de/10011122614
known as the 'S curve'. In this study, we evaluate this phenomenon for trade between China and Japan in 73 individual …
Persistent link: https://www.econbiz.de/10011130280
the price level in the deflation era that started from 1998. There is also empirical evidence to suggest that money was … endogenous in China during the inflation period. This implies that the People's Bank of China had difficulty exercising the power … of money supply to reduce inflation if the endogeneity was the result of the market behaviour. However, if the …
Persistent link: https://www.econbiz.de/10005472342
This paper attempts to assess how compatible China is with respect to its dollar-based exchange rate regime. Assessment … endogenous problem in OCA analysis and this view of convergence criteria, the relevant features of China are evaluated against … conditions in China broadly conform to those prevailing in these economies which maintain strong links to the US dollar. …
Persistent link: https://www.econbiz.de/10011195566
individualism and hedonism thrive. The goal of this research is to understand attitudes towards money in China and how these … show that attitudes towards money in China are not monolithic; instead there are variations among young Chinese …Purpose – China is undergoing a radical change as the forces of industrialization and modernization transform its …
Persistent link: https://www.econbiz.de/10014848789
A three-sector macromodel of China’s economy is developed, in which the activity of state-owned enterprises (SOEs) is …
Persistent link: https://www.econbiz.de/10005661445
cities in coastal China) answered a self‐administered questionnaire. Findings – Money attitudes were found to significantly … inland China. Practical implications – The discussion of the relationships between young Chinese consumers' money attitudes …Purpose – The purpose of this paper is to investigate how young Chinese consumers' money attitudes influence their …
Persistent link: https://www.econbiz.de/10015044218
Persistent link: https://www.econbiz.de/10011522776