"We propose a broad measure of liquidity for the overall financial market by exploiting its connection with the amount of arbitrage capital in the market and the potential impact on price deviations in US Treasurys. When arbitrage capital is abundant, we expect the arbitrage forces to smooth out...

The fast growth of China's economy has brought it not only to the center of the global economy but also to a transition point in its growth model, a transition from scale to efficiency, speed to sustainability, input driven to innovation led. How its financial markets can drive this new growth...

The fast growth of China's economy has brought it not only to the center of the world's economic system but also to a new transition point in its growth model, a transition from scale to efficiency, speed to sustainability, input driven to innovation led. How the financial markets can support...