into a selected set of Chinese stocks while China's overall capital controls policy remained in place. Using a difference …

China has maintained a closed capital account to the private sector and channeled capital flows through the public …

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 …

monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results … indicate that the main monetary instrument in the U.S., the Federal Fund Rate, Granger causes China's output. A second monetary … variable, U.S. money supply, does not seem to have a significant effect on China's output. The results are supported by …

expansion of debt-financed consumer spending; (b) the decision of China and other emerging countries to pursue an export …

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 …

In this paper, we consider an alternative perspective to China's exchange rate policy. We study a semi-open economy …