A lot of research has been undertaken on the relationship between exchange rate fluctuation and export. On this basis, this paper considers the moderating effect of financial marketization on the relationship between them, and shifts the research perspective to the provincial level. Using...

This paper developed a novel model focused on the impact that the land competition poses on the land supply of local governments in Nash equilibrium. The author discovered that: (1) Core-periphery configuration also exists under the fixed land input setting. (2) If trade cost is high, enlarging...

While deeper financial integration is often considered conducive to the efficient allocation of resources and risk sharing, an increasingly important policy concern is whether it brings greater vulnerability to shocks. To address the latter concern, this paper uses a different approach to...

Nearly 200 million children are engaged in child labor, many in developing countries that are part of the supply base of global manufacturing networks. This paper models a multinational firm in a developed country selling the product made by a supplier in a developing country. The firm can...

This paper assesses the spillover effects of the United States' unconventional monetary policy (i.e., quantitative easing programs adopted during 2008–2014) on the Asian credit market. With a focus on cross-border bank lending, we employed firm-level loan data with regard to the syndicated...

This paper empirically investigates two questions. First, what makes a bank hedge in certain periods but not in others? We find that banks are more likely to be hedgers with interest rate derivatives when loan commitment, demand deposit, ROE, size and credit spread are higher; higher interest...