Journal ArticleDOI
Offshore renminbi trading: Findings from the 2013 Triennial Central Bank Survey
Yin-Wong Cheung,Matthew S. Yiu +1 more
TLDR
This article found that the occurrence of offshore RMB trading is determined by the economy's GDP, stage of financial development, equity market capitalization and free trade agreement with China, and the bilateral link with China through FDI flows.About:
This article is published in International Economics.The article was published on 2017-12-01. It has received 29 citations till now. The article focuses on the topics: Foreign exchange market & Renminbi.read more
Citations
More filters
Repository
Is housing still the business cycle? Perhaps not
TL;DR: This article showed that residential investment led GDP under a wide range of specifications, while non-residential investment did not, and showed that the increasing stringency of local land use policy had interfered with the ability of the Federal Reserve to use housing as an instrument on monetary policy.
Journal ArticleDOI
Geographic Spread of Currency Trading: The Renminbi and Other Emerging Market Currencies
TL;DR: The authors studied the ongoing diffusion of renminbi (RMB) trading across the globe, and analyzed the distribution in offshore RMB trading in 2013 and 2016 using comprehensive data from the Triennial Central Bank Survey of foreign exchange markets.
Repository
On the Effects of the ECB’s Funding Policies on Bank Lending and the Demand for the Euro as an International Reserve
TL;DR: In this article, the authors investigated the effects of the European Central Bank's monetary policy on banks' lending, taking account of national and regional spillovers. And they also assessed the effect of the ECB's monetary policies on euro reserve holdings.
Journal ArticleDOI
A varying coefficient approach to estimating hedonic housing price functions and their quantiles
TL;DR: In this article, the authors apply the varying coefficient (VC) model to the estimation of a hedonic house price function using data from Hong Kong, one of the world's most buoyant real estate markets.
Repository
The politics of the globalization backlash: Sources and implications
TL;DR: A backlash against globalization has led to widespread political movements hostile both to economic integration and to existing political institutions throughout the advanced industrial world as discussed by the authors, and these effects have been particularly marked in communities dependent upon traditional manufacturing, some of which have experienced a downward spiral from direct economic effects of foreign competition through broader economic decline to serious social problems.
References
More filters
Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Journal ArticleDOI
The determinants of Chinese outward foreign direct investment
TL;DR: This paper investigated the determinants of Chinese outward direct investment and the extent to which three special explanations (capital market imperfections, special ownership advantages and institutional factors) need to be nested within the general theory of the multinational firm.
Journal ArticleDOI
Empirics of china's outward direct investment
Yin-Wong Cheung,Xingwang Qian +1 more
TL;DR: In this article, the empirical determinants of China's outward direct investment (ODI) are investigated and it is found that China's investments in developed and developing countries are driven by different sets of factors.
Journal ArticleDOI
The Efficacy of China's Capital Controls - Evidence from Price and Flow Data
Guonan Ma,Robert N McCauley +1 more
TL;DR: This article found sustained and significant gaps between onshore and offshore renminbi interest rates and persistent dollar/renminbi rate differentials during the period of a de facto dollar peg and argued that China's capital controls remain substantially binding.
Journal ArticleDOI
China's Outward Direct Investment in Africa
TL;DR: The empirical determinants of China's outward direct investment (ODI) in Africa are examined using an officially approved ODI dataset and a relatively new OECD-IMF format ODI data set.
Related Papers (5)
The External Impact of China'S Exchange Rate Policy : Evidence From Firm Level Data
Barry Eichengreen,Hui Tong +1 more