Showing 1 - 10 of 18
This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non-deliverable forward market and seven of its Asia-Pacific counterparts over the period January 1998 to March 2005. To account for the time-variability of conditional correlation, a dynamic...
Persistent link: https://www.econbiz.de/10005419581
We present a new composite leading indicator of economic activity in mainland China, es-timated using a dynamic factor …
Persistent link: https://www.econbiz.de/10005419594
In January 2008, China adopted a new labour contract law. This new law represents the most significant reform to the … legislation on employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the …
Persistent link: https://www.econbiz.de/10005419612
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005419616
sector in mainland China by means of a nonlinear stochastic general equilibrium (DSGE) model with occasionally binding …, tighter regulation of interest rates in the commercial banking sector in China leads to an increase in loans provided by the …
Persistent link: https://www.econbiz.de/10011204441
for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price …
Persistent link: https://www.econbiz.de/10009146900
This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …
Persistent link: https://www.econbiz.de/10010818554
This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling … key policy challenge in China in the years to come. …
Persistent link: https://www.econbiz.de/10011184639
This paper accounts for China’s economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital accumulation and innovation drives the rise in China’s aggregate income … can generate a trajectory that accords well with the different stages of development in China. …
Persistent link: https://www.econbiz.de/10010552496
Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … captures China’s unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor … distorts the efficient reactions of the economy. Moreover, for China’s central bankers the choice of a particular monetary …
Persistent link: https://www.econbiz.de/10010558453