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Spillovers to Emerging Equity Markets
Sun, Tao - 2009
This paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an...
Persistent link: https://www.econbiz.de/10012677779
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Effects of Capital Flow Liberalization; What is the Evidence from Recent Experiences of Emerging Market Economies?
Sedik, Tahsin Saadi; Sun, Tao - International Monetary Fund (IMF) - 2012
application of these findings, the paper explores the possible effects of liberalization on China by applying the coefficients of … explanatory variables to the corresponding variables of China in 2012–16. …
Persistent link: https://www.econbiz.de/10011242176
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How Effective are Macroprudential Policies in China?
Wang, Bin; Sun, Tao - International Monetary Fund (IMF) - 2013
This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that … China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is … in China. …
Persistent link: https://www.econbiz.de/10011123877
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Local Government Financing Platforms in China: A Fortune or Misfortune?
Lu, Yinqiu; Sun, Tao - International Monetary Fund (IMF) - 2013
sector, local governments, and sovereign balance sheet. This paper argues that LGFPs were a fortune for China in the past …
Persistent link: https://www.econbiz.de/10011142145
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Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR
Zhang, Xiaojing - 2009
China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds … that China's stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States than China's returns, and past volatility shocks in the United States have a more persistent effec …
Persistent link: https://www.econbiz.de/10012677827