English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

This paper, by building a New Keynesian dynamic general equilibrium model that combines with distortionary taxation, pollution decision of firms, and environmental quality evolution under uncertainty, analyzes shocks from markets and taxation policies on macro-economy and environmental quality...

...

...

From the perspective of environmental macroeconomics, in addition to environmental equilibrium effected by environmental policies, the fiscal policy have an impact on the environment equilibrium. On this basis, this paper constructs a RBC model with environmental equilibrium, that contains...

Both theoretical and empirical analyses show that the relationship between population development and carbon emissions is dynamic, and the population elasticity of carbon emissions is a nonlinear function of population size, age structure, household size, urbanization, sex structure, and...

The purpose of this paper is to investigate the relationship between investor protection and corporate valuation. “Tunneling effects” which means that the controlling shareholders enrich themselves by expropriating the rights and interests of minor shareholders are usually referred in recent...