We examine stock and bond market reactions to the key events leading to the passage of the Dodd-Frank Act to provide empirical evidence on the economic impact of the Act on systemically important financial firms. Using large foreign financial institutions and small/medium sized domestic...

The RMB Internationalization has a great impact on China’s domestic economy. This chapter applies the Gap Estimation approach to estimate the RMB overseas circulation amount from 1997 to 2015, as the indicator of RMB internationalization. Using the recently developed Directed Acyclic Graph...