stability in mainland China. We examine whether excess money relative to rulebased values provides information that improves the …

This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China’s monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …

This paper shows empirically that China’s trade balance is sensitive to fluctuations in the real effective exchange … other Southeast Asian countries which fall. This result reflects the vertical integration of Southeast Asia with China … through the 'Asian production network'. We find, in turn, that imports from Germany – which serve China’s domestic demand …

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 …