Haku
Viitteet 1-10 / 265
The role of the bank lending channel and impacts of stricter capital requirements on the Chinese banking industry
(09.05.2013)
BOFIT Discussion Papers 7/2013
BOFIT Discussion Papers 7/2013
This paper focuses on the role the bank lending channel in transmission of monetary policy in China. Using unbalanced quarterly panel data from 2Q2000 to 4Q2011, a one-step GMM estimator is applied to establish the existence ...
Understanding Chinese consumption: : The impact of hukou
(04.03.2014)
BOFIT Discussion Papers 7/2014
BOFIT Discussion Papers 7/2014
Capital investment and exports have driven China's remarkable economic growth for decades, but recent trends have put pressure on the government to move to a more consumption- driven model of growth. Unfortunately, China's ...
The composition and interests of Russia's business lobbies : A test of Olson's "encompassing organization" hypothesis
(24.03.2010)
BOFIT Discussion Papers 5/2010
BOFIT Discussion Papers 5/2010
Why are some lobby groups less benign in their external effects than others? Nearly three decades ago, Mancur Olson (1982) proposed that less-encompassing lobby groups with their constituents collectively representing a ...
Changing economic structures and impacts of shocks : evidence from a DSGE for China
(28.04.2011)
BOFIT Discussion Papers 5/2011
BOFIT Discussion Papers 5/2011
We construct a small-scale dynamic stochastic general equilibrium (DSGE) model that features price rigidities, habit formation in consumption and costs in capital adjustment, and calibrate the model with data for the Chinese ...
On the use of sterilisation bonds in emerging Asia
(18.01.2013)
BOFIT Discussion Papers 1/2013
BOFIT Discussion Papers 1/2013
We document recent developments in the use of sterilisation bonds by six central banks in emerging Asia, and discuss the implications for monetary policy and the financial sector. An important development in the sterilisation ...
Impact of exchange rate move-ments on exports : An analysis of Indian non-financial sector firms
(27.05.2013)
BOFIT Discussion Papers 10/2013
BOFIT Discussion Papers 10/2013
We explore the real effective exchange rate (REER) effects on the share of exports of Indian non-financial sector firms for the period 2000 to 2010. Our empirical analysis reveals that, on average, there has been a strong ...
State-business relations in Russia in the 2000s: From the capture model to a variety of exchange models?
(16.06.2011)
BOFIT Discussion Papers 10/2011
BOFIT Discussion Papers 10/2011
Using data from a 2009 survey of 957 manufacturing enterprises, this paper examines relations between the state and business as well as priority differences in the distribution of governmental support by federal, regional ...
Bank capital, adjustment and ownership: Evidence from China
(15.09.2014)
BOFIT Discussion Papers 16/2014
BOFIT Discussion Papers 16/2014
We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. ...
When arm’s length is too far. Relationship banking over the business cycle
(07.07.2014)
BOFIT Discussion Papers 14/2014
BOFIT Discussion Papers 14/2014
Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the ...
The offshore renminbi exchange rate: Microstructure and links to the onshore market
(28.09.2014)
BOFIT Discussion Papers 17/2014
BOFIT Discussion Papers 17/2014
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We study the CNH exchange rate dynamics and its links with onshore exchange rates. Using a specialized ...