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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

A cross-country empirical analysis of international reserves

Cheung, Yin-Wong; Ito, 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/10010271960

An output perspective on a northeast Asia currency union

Cheung, Yin-Wong; Yuen, Jude - 2004

The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …

Persistent link: https://www.econbiz.de/10010261238

The overvaluation of Renminbi undervaluation

Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eijii - 2007

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...

Persistent link: https://www.econbiz.de/10010264069