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The empirics of China’s outward direct investment

Cheung, Yin-Wong; Qian, Xingwang - 2009

Persistent link: https://www.econbiz.de/10003974996

The empirics of China's outward direct investment

Cheung, Yin-Wong; Qian, Xingwang - 2009

We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China … developed and developing countries, there is evidence that a) both market seeking and resources seeking motives drive China …'s ODI, b) the Chinese exports to developing countries induce China's ODI, c) China's international reserves promote its ODI …

Persistent link: https://www.econbiz.de/10003833316

China’s outward direct investment in Africa

Cheung, Yin-Wong; Haan, Jakob de; Qian, Xingwang; Yu, Shu - 2011

Persistent link: https://www.econbiz.de/10009247000

A cross-country empirical analysis of international reserves

Cheung, Yin-Wong; Itō, Hiro - 2009

. Furthermore, there is only limited evidence that East Asian economies including China and Japan are accumulating an excessive …

Persistent link: https://www.econbiz.de/10003850507

International reserves before and after the global crisis : is there no end to hoarding?

Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2014

Persistent link: https://www.econbiz.de/10010412457

International Reserve Management, Global Financial Shocks, and Firms' Investment in Emerging Market Economies

Aizenman, Joshua; Cheung, Yin-Wong; Qian, Xingwang - National Bureau of Economic Research - 2021

We examine the effects of active international reserve management (IRM) conducted by central banks of emerging market economies (EMEs) on firm investment in the presence of global financial shocks. Using firm level data from 46 EMEs from 2000 to 2018, we document four findings. First, active IRM...

Persistent link: https://www.econbiz.de/10012629523

International reserves before and after the global crisis : is there no end to hoarding?

Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2015

We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...

Persistent link: https://www.econbiz.de/10010490278

Estimating currency misalignment using the Penn effect : it' s not as simple as it looks

Cheung, Yin-Wong; Chinn, Menzie David; Nong, Xin - 2016

Persistent link: https://www.econbiz.de/10011539138

China's bilateral currency swap lines

Lin, Zhitao; Zhan, Wenjie; Cheung, Yin-Wong - 2016

We study the determinants of China's bilateral local currency swap lines that were established since the recent global … China and its counterparts, if present, is mainly observed during the early part of the sample period under consideration. …

Persistent link: https://www.econbiz.de/10011420839

The renminbi central parity : an empirical investigation

Cheung, Yin-Wong; Hui, Cho H.; Tsang, Andrew - 2016

On August 11 2015, China revamped its procedure of setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation shows that the intertemporal dynamics of China's central parity are not the … for the RMB exchange rate against the currency basket revealed by China in December 2015 in the fixing process. …

Persistent link: https://www.econbiz.de/10011497600