A Bridge on Economic Issues between China and the World
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Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China
Viral V. Acharya, Jun Qian, Yang Su, Zhishu Yang, Apr 24, 2024The article reveals that the rise of shadow banking in China stems from the intensification of deposit competition after the global financial crisis, and analyzes the threat of small and medium-sized banks' disadvantage in this competition to the overall financial system.
Internationalizing Like China
Chris Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger, Feb 08, 2023China’s strategy for internationalizing the renminbi involves controlling the access of foreign investors to the domestic bond market.
China’s New Nationwide CO2 Emissions Trading System: General Equilibrium Impacts
Lawrence H. Goulder, Xianling Long, Chenfei Qu, Da Zhang, Apr 17, 2024This article discussing the comprehensive impacts of China's newly introduced nationwide CO2 emissions trading system, with a focus on its interactions with environmental costs, the fiscal system, and the challenges faced in policy cost distribution.
Improving Regulation for Innovation: Evidence from China’s Pharmaceutical Industry
Ruixue Jia, Xiao Ma, Jianan Yang, Yiran Zhang, Mar 06, 2024In 2015, China revamped its pharmaceutical regulations, drawing inspiration from the US, to accelerate drug approvals. Using data at the drug and firm levels during 2011–2021, this study reveals three key outcomes.
Visible Hands: Professional Asset Managers’Expectations and the Stock Market in China
John Ammer, John Rogers, Gang Wang, Yang Yu, Aug 02, 2023Mutual funds have become an important type of private institutional investor in Chinese security markets, with assets under management exceeding $3 trillion.
