Purpose More people share their tourism experiences on social media today than in the past, and as a result, more people follow these posts in their trip planning. However, studies into tourists' intention to follow such posts are scarce. Therefore, this study investigates the antecedents...

Embarking on banking reform nearly four decades ago, China has made significant progress. This paper takes a closer look at banking reform in China, and reviews historical progress and current efforts that Chinese authorities have made to date. To date, there are three phases of the reforms:...

Embarking on interest rate liberalization reforms nearly two decades ago, China has made significant progress. Our paper takes a closer look at interest rate liberalization in China, and reviews historical progress and current efforts that Chinese authorities have made to date. Similar to...

Our paper studies the effect of foreign exchange derivatives on international trade in China theoretically and empirically. On one hand, we build a two-stage model of an international Cournot duopoly under exchange rate uncertainty, which extends the model of Broll et al (2009). Our extended...

Since China is becoming an increasingly important player in the world economic scene, its exchange rate policy, among other issues, have attracted the great attention of global financial markets and policymakers. Our paper takes a closer look at the evolution of the Renminbi (RMB) exchange rate...

With the reform of the RMB exchange rate regime, China's banks expose to more exchange rate risks and use foreign exchange derivatives to manage these risks. This paper develops a theoretical model to examine the relationship between foreign exchange derivatives and the foreign currency lending...

With interest rate liberalization, China's commercial banks expose to more interest rate risks and use interest-rate derivatives to manage these risks. This paper develops a theoretical model, capturing the main characteristics of the banking sector in China, to analyze the effect of...