Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of … effective monetary policy communication will only increase as China continues to liberalize its financial system and open its …

China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The …

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 …

A cross-country comparative analysis shows that there is substantial room for further integration of China into global …, notably the foreign exchange market. Even though the increased integration of China into international capital markets would … increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China …

This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission … global risk premiums, China's influence on regional markets is not yet to the level of the United States, but comparable to … that of Japan. If China-related shocks are coupled with a rise in global risk premiums, as in August 2015 and January 2016 …

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 …

China’s equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese …