Our paper studies the effect of foreign exchange derivatives on international trade in China theoretically and … Bayesian Vector Autoregression (BVAR) model with China's monthly data over the period from Oct 2006 to Dec 2014, and the …

that two issues are of particular importance for future derivatives market development in China: the balance between …

During China’s transition toward a more flexible exchange rate, it is essential to further develop its foreign exchange … over-the-counter (OTC) FX derivatives markets already exist in China, it lacks a FX futures market that offers critical … established, it is essential for China to substitute the inefficient documentation requirement of underlying exposures with a new …