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Persistent link: https://www.econbiz.de/10015076836
changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in 44 economies. Stock returns … market sentiment and specific trade effects. Expected renminbi appreciation has a positive effect on firms exporting to China … competing with China in their home market but fall for firms importing Chinese products with large imported-input content. There …
Persistent link: https://www.econbiz.de/10014399195
We examine the impact of real exchange rate fluctuations on sectoral and regional employment in China from 1980 to 2008 … with employment data at the region-sector level. The results of this paper have important implications for China''s labor …
Persistent link: https://www.econbiz.de/10014399230
China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make … in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of …
Persistent link: https://www.econbiz.de/10014402182
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management … standards …
Persistent link: https://www.econbiz.de/10014402256
of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …’ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China … China has, and will continue to have,a structural driver …
Persistent link: https://www.econbiz.de/10014412198
What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding …
Persistent link: https://www.econbiz.de/10014412203
China is moving to a ‘new normal,’ characterized by slower yet safer and more sustainable growth. The transition is … global financial crisis and embarked on a comprehensive reform program. With China now the globe’s largest economy, success … is critical for both China and the world …
Persistent link: https://www.econbiz.de/10014412364
China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic … flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for …
Persistent link: https://www.econbiz.de/10014411104
China has been moving to a more market oriented financial system, which has implications for the monetary policy … income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and …
Persistent link: https://www.econbiz.de/10014411216