Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Macroeconomics
Empirical Analysis Of China’S Exchange Rate And Macroeconomic Policy, Jia Ji
Empirical Analysis Of China’S Exchange Rate And Macroeconomic Policy, Jia Ji
Dissertations, Theses, and Capstone Projects
This dissertation examines the effects of exchange rate and macroeconomic policy in China. It consists of three chapters. Chapter 1 explores the dynamics of monetary transmission mechanism. As China’s domestic financial markets deepen and develop further toward a market-based system, the country’s monetary policy transmission should continue to improve in the sense that the policy instrument’s influence on economic conditions increases in magnitude and stabilized across time. Using a short-term key interest rate as a standard monetary policy tool and time-varying parameter techniques, this study empirically demonstrates that China’s monetary policy framework is in the midst of transitioning to a …
Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin
Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin
Dissertations, Theses, and Capstone Projects
Essay 1: The theory of the Law of One Price (LOOP) is one of the most important theories in International Economics. I use financial markets to revisit the validity of the LOOP in the short run, and then extend the analysis into the long-run to examine whether events such as the Financial Crisis of 2007-2009 can lead to the failure of the LOOP or worsen deviations from it. Using the data on Canadian companies cross-listed on the New York Stock Exchange, I find strong support that the LOOP holds in a cross-sectional framework despite the fact that the sample includes …