Extant research finds that exchange rate pegs do little to reduce firms' exposure to exchange rate risk in emerging markets. We study whether exchange rate risk exposures under a pegged/controlled floating currency regime can be priced in asset returns using unique data on exchange rate regime...

The paper examines the determinants of inflation in China.The analyses of both year-on-year and month-on-month growth data confirm that excess liquidity, output gap, housing prices and stock prices positively affecting inflation.Impulse response analyses indicate that most effects occur during...