Regional pull vs global push factors: China and US influence on Asian financial markets

Shu, Chang; Dong, Jinyue; Wang, Honglin

doi:10.1016/j.jimonfin.2018.04.004

Cited by 25 publications

(22 citation statements)

References 40 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Furthermore, Asian countries are subject to indirect financial channel whereby international investors' decision to hold regional assets is influenced by considerations of growth spillover effects from China. As highlighted by Shu, He, Dong, and Wang (2018), developments in China's financial markets are likely to reflect shocks to its real economy which in turn affect international investors' sentiment towards the region as a whole. Moreover, as China's capital account is not fully open, the assets of those Asian markets that foreign investors have better access to may be used as proxies for gaining exposure to renminbi assets.…”

Section: Dynamic Linkages and Transmission Channelsmentioning

confidence: 99%

Connectedness of Asia Pacific forex markets: China's growing influence

Chow

2020

Int. J Fin Econ

View full text Add to dashboard Cite

This paper investigates the degree of connectedness of Asia Pacific forex markets post‐global financial crisis and relates it to developments in the renminbi markets. The connectedness measure developed by Diebold and Yilmaz (2014) (Journal of Econometrics, 182, 119–134) reveal the strength of linkages across the U.S. dollar currency pairs of 12 currencies, namely offshore renminbi, onshore renminbi, euro, yen, Australian dollar, Indian rupee, Korean won, Malaysian ringgit, New Zealand dollar, Singapore dollar, Thai baht and Taiwan dollar. With the gradual liberalization of China's exchange rate system, shocks from the renminbi markets contribute more to fluctuations in almost all individual Asia Pacific currency markets vis‐à‐vis the yen. Rolling regressions show a number of Asia Pacific currencies exhibit tighter association with the renminbi when the latter underwent exchange rate regime reform. Finally, results from a two‐step analysis involving a panel regression provide evidence that time‐varying sensitivities of Asia Pacific currencies to the renminbi are directly related to the countries' trade and financial links with China.

show abstract

Section: Dynamic Linkages and Transmission Channelsmentioning

confidence: 99%

Connectedness of Asia Pacific forex markets: China's growing influence

Chow

2020

Int. J Fin Econ

View full text Add to dashboard Cite

show abstract

“…Plus globalement, Chow-Tan considère que la poursuite des réformes pour internationaliser la monnaie accroitra le statut de monnaie régionale du RMB. C'est aussi ce que confirment Shu et al [2016] avec un modèle SVAR dans le cadre plus global d'une étude des spillovers depuis les marchés financiers américains et ceux de la Chine vers les marchés financiers asiatiques sur la période du 1/01/02 au 30/09/13. Les résultats montrent notamment qu'une hausse de la demande relative en RMB (choc de 0.01 % sur le RMB/USD) entraine, en réaction, une appréciation des devises asiatiques (0.04 %).…”

Section: Des Fonctions Mieux Remplies Au Niveau Régionalunclassified

Le degré d’internationalisation du Renminbi

Lahet¹

2017

Revue d'Économie Politique

View full text Add to dashboard Cite

Distribution électronique Cairn.info pour Dalloz. © Dalloz. Tous droits réservés pour tous pays.La reproduction ou représentation de cet article, notamment par photocopie, n'est autorisée que dans les limites des conditions générales d'utilisation du site ou, le cas échéant, des conditions générales de la licence souscrite par votre établissement. Toute autre reproduction ou représentation, en tout ou partie, sous quelque forme et de quelque manière que ce soit, est interdite sauf accord préalable et écrit de l'éditeur, en dehors des cas prévus par la législation en vigueur en France. Il est précisé que son stockage dans une base de données est également interdit.

show abstract

“…Nonetheless, China's bond market remains a negligible player. China's role may be interpreted as a "regional pull" factor, while that of the United States remains a key "global push" factor [1].…”

Section: Introductionmentioning

confidence: 99%

The Effects of Globalization and the Sharing Economy on the Intercultural Communication of the Young Generation

Hes

Švecová

2021

SHS Web of Conf.

View full text Add to dashboard Cite

Research background: The pros of globalization processes are a challenge for society, but also a warning not to turn to society itself. E.g. disproportionate support of consumption and consumerist lifestyle can totally destroy the social belonging of individual cultures and the environment. With the growing globalization processes of the world’s population, communication is an important means of the stability of postmodern society. It can establish and eliminate the causes of communication noise, which can grow into a conflict. All this has an impact on the global movement of people and intercultural communication, especially among the younger generation. Purpose of the article: The article points to the need to create a unified and fair communication platform for the young generation to properly understand their position and position in the intercultural environment and not to be manipulated by global communication, which is managed by multinational companies. Methods: The main methods to be used will be structured analysis and simple description of facts, as well as methods of synthesis, logical and deductive procedures in order to identify and formulate the effects of globalization on the formation of relations of the young generation. Findings & Value added: The article will present both a description of the current behavior of the young generation in the context of their possibilities of intercultural communication and a recommendation that information and knowledge become a source of economic growth.

show abstract

Regional pull vs global push factors: China and US influence on Asian financial markets

Cited by 25 publications

References 40 publications

Connectedness of Asia Pacific forex markets: China's growing influence

Connectedness of Asia Pacific forex markets: China's growing influence

Le degré d’internationalisation du Renminbi

The Effects of Globalization and the Sharing Economy on the Intercultural Communication of the Young Generation

Contact Info

Product

Resources

About