The outward Foreign Direct Investment is important for the sustainability of the banking sector’s development of China. The paper examines the location determinants of outward Foreign Direct Investment by state-owned Chinese banks during 2003-2015 with a set of negative binomial panel...

Traditionally identified monetary shocks in a structural vector autoregression (SVAR) model typically result in long-lasting effects on output and total factor productivity (TFP). In this paper, I argue that the typical monetary shock has been confounded with the news shock about future...