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Exchange rate policy and the relative distribution of FDI among host countries

Xing, Yuqing - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2006

China and ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand). The empirical results generally support the …

Persistent link: https://www.econbiz.de/10005648617

Business surveys and inflation forecasting in China

Kaaresvirta, Juuso; Mehrotra, Aaron - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008

We use business survey data collected by the People’s Bank of China for inflation forecasting. Some survey indicators …

Persistent link: https://www.econbiz.de/10005648626

Just how undervalued is the Chinese renminbi?

Funke, Michael; Rahn, Jörg - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004

Given that the value of China’s currency has been hot topic recently, this paper explores the equilibrium levels of … China’s real and nominal exchange rates. Employing a Johansen cointegration framework, we focus on the behavioral …

Persistent link: https://www.econbiz.de/10005648633

Does the Chinese banking system benefit from foreign investors?

García-Herrero, Alicia; Santabárbara, Daniel - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008

We find empirical evidence that the Chinese banking system has benefited from the entry of foreign investors through higher profitability and increased efficiency of the banking system. Foreign participation, which consists of a minority stake in a Chinese bank (in contrast to the typical...

Persistent link: https://www.econbiz.de/10005648643

Exchange rate sensitivity of China’s bilateral trade flows

Wang, Jiao; Ji, Andy G. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2006

between China and its top trading partners. The empirical evidence suggests exchange rates (both real and nominal) do not … exert a significant influence on the overall exports from China. Thus, a devaluation or revaluation of the yuan should be … expected to have only limited impact on China’s trade balance. Moreover, previous studies provide limited evidence of a …

Persistent link: https://www.econbiz.de/10005648644

Has the Chinese economy become more sensitive to interest rates? Studying credit demand in China

Koivu, Tuuli - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008

the monetary policy tools in China. Whereas administrative policy measures were effective in guiding the behaviour of … credit demand framework, whether the impact of interest rates in China has become stronger over the last decade. Our results …

Persistent link: https://www.econbiz.de/10005648646

CHINA'S OFFICIAL RATES AND BOND YIELDS

Fan, Longzhen; Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009

Recent research shows that bond yields are influenced by monetary policy decisions. To learn how this works in an interest rate market that differs significantly from that of the U.S. and Europe, we model Chinese bond yields using the one-year deposit rate as a state variable. We also add the...

Persistent link: https://www.econbiz.de/10005648650

Soft Budget Constraints: An Analysis Based on a Survey of Chinese Township Enterprises

Sjöberg, Örjan; Gang, Zhang - Economics Institute for Research (SIR), … - 1996

The reduced influence of soft budget constrints is often seen as an explanation for the successful growth of China … (China), Being primarily explorative and conceptual in nature, our study reveals that soft budget constraints can still be …

Persistent link: https://www.econbiz.de/10005649380

Can China’s Growth be Sustained? A Productivity Perspective

Zheng, Jinghai; Bigsten, Arne; Hu, Angang - Nationalekonomiska institutionen, Handelshögskolan - 2006

China’s unorthodox approach to economic transition has resulted in sustained high growth. However, in recent years …-time level effects on TFP. China now needs to adjust its reform program towards sustained increases in productivity. Market and … institutional reforms are required to consolidate China’s move to a modern market economy. <p> …

Persistent link: https://www.econbiz.de/10005651740

An Empirical Analysis of Provincial Productivity in China (1979-2001)

Zheng, Jinghai; Hu, Angang - Nationalekonomiska institutionen, Handelshögskolan - 2004

This study analyzes provincial productivity growth in China for the period of 1979-2001. The Malmquist Index approach … efficiency improvement. Although China’s capital stock has been accumulated at the speed of a historical record in recent years … whether China’s recent growth pattern is consistent with its comparative advantages, and whether its reliance on capital …

Persistent link: https://www.econbiz.de/10005651785