International Review of Finance最新文献_第9页

Economic policy uncertainty and fund flow performance sensitivity: Evidence from New Zealand 经济政策的不确定性与资金流动绩效敏感性：来自新西兰的证据

IF 1.7 4区经济学

International Review of Finance Pub Date : 2023-01-29 DOI: 10.1111/irfi.12407

Sara Ali, Ihsan Badshah, Riza Demirer, Prasad Hegde

引用次数: 0

Co-movement among oil, stock, bond, and housing markets: An analysis of U.S., Asian, and European economies 石油、股票、债券和房地产市场的联动：对美国、亚洲和欧洲经济体的分析

IF 1.7 4区经济学

International Review of Finance Pub Date : 2022-12-20 DOI: 10.1111/irfi.12402

Nafeesa Yunus

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引用次数: 1

The impacts of RMB internationalization on onshore and offshore RMB markets 人民币国际化对在岸和离岸人民币市场的影响

IF 1.7 4区经济学

International Review of Finance Pub Date : 2022-12-01 DOI: 10.1111/irfi.12406

Yang-Chao Wang, Jui-Jung Tsai, Shushu Li, Yiying Huang

{"title":"The impacts of RMB internationalization on onshore and offshore RMB markets","authors":"Yang-Chao Wang, Jui-Jung Tsai, Shushu Li, Yiying Huang","doi":"10.1111/irfi.12406","DOIUrl":"10.1111/irfi.12406","url":null,"abstract":"Using the DCC-GARCH model, this study considers distinctive features of China's foreign exchange market to investigate the impacts of RMB internationalization on exchange rates in onshore and offshore markets in different stages during 2010–2017. The results show that policies concerning RMB internationalization, such as interest rate liberalization, exchange rate liberalization, and capital market internationalization, have different impacts on the central parity rate, onshore exchange rate, and offshore exchange rate. In terms of exchange rate liberalization, as the daily trading band was gradually widened in 2012–2015, the onshore exchange rate followed the offshore exchange rate more closely. The central parity rate functioned as a managed floating role. It stabilized onshore and offshore exchange rate fluctuations, while allowing partial marketization. After the exchange rate reform on August 11, 2015, the central parity rate plays a benchmark role based on a more market-oriented price formation mechanism. It makes the central parity rate regain pricing power in onshore and offshore markets. Further, it promotes exchange rate liberalization and RMB internationalization. Nevertheless, with the slowdown of China's economic growth and the narrowing of the interest rate differential between China and the US, the RMB is under pressure to depreciate, and its volatility increases significantly.","PeriodicalId":46664,"journal":{"name":"International Review of Finance","volume":"23 3","pages":"502-523"},"PeriodicalIF":1.7,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45038122","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

An analysis of the evolution of global financial network of the coordinated portfolio investment survey 基于协调组合投资的全球金融网络演化分析

IF 1.7 4区经济学

International Review of Finance Pub Date : 2022-12-01 DOI: 10.1111/irfi.12403

Sang Jin Ahn, Jae Woong Jung, Hyeng Keun Koo, Seryoong Ahn

引用次数: 0

An explosion time characterization of asset price bubbles 资产价格泡沫的爆炸时间特征

IF 1.7 4区经济学

International Review of Finance Pub Date : 2022-11-29 DOI: 10.1111/irfi.12404

Robert A. Jarrow, Simon S. Kwok

引用次数: 0

Institutional investors' corporate site visits and corporate investment efficiency 机构投资者企业实地考察与企业投资效率