Does cycle superposition amplify bank liquidity risk under different levels of financial openness? Empirical evidence from China DOI
Huimin Jing,

Yixin Zhu

Kybernetes, Journal Year: 2023, Volume and Issue: unknown

Published: Dec. 13, 2023

Purpose This paper aims to explore the impact of cycle superposition on bank liquidity risk under different levels financial openness so that banks can better manage their risk. Meanwhile, it also provide some ideas for in other emerging economies cope with shocks global cycle. Design/methodology/approach Employing monthly data 16 commercial China from 2005 2021 and based time-varying parameter vector autoregressive model stochastic volatility (TVP-SV-VAR) model, authors first examine whether magnify China's Subsequently, investigate amplification. Finally, shock world's major Chinese is empirically analyzed. Findings Cycle However, there are significant differences openness. Compared low openness, period high magnifying effect strengthened short term but obviously weakened long run. In addition, authors' findings demonstrate although United States main country, influence developed economies, such as Japan Eurozone countries, cannot be ignored. Originality/value Firstly, index constructed. Secondly, supplement literature by providing evidence association between depends dominant countries have been rejudged.

Language: Английский

The amplifying role of geopolitical Risks, economic policy Uncertainty, and climate risks on Energy-Stock market volatility spillover across economic cycles DOI
Zinan Hu,

Sumuya Borjigin

The North American Journal of Economics and Finance, Journal Year: 2024, Volume and Issue: 71, P. 102114 - 102114

Published: Feb. 16, 2024

Language: Английский

Citations

33

Renaissance of Climate Policy Uncertainty: The Effects of U.S. Presidential Election on Energy Markets Volatility DOI Creative Commons
Shusheng Ding, Anqi Wang, Tianxiang Cui

et al.

International Review of Economics & Finance, Journal Year: 2025, Volume and Issue: unknown, P. 103866 - 103866

Published: Jan. 1, 2025

Language: Английский

Citations

2

Trade Uncertainty, Economic Policy Uncertainty and Shipping Costs DOI
Konstantinos D. Melas, Nektarios A. Michail,

Kyriaki G. Louca

et al.

German Economic Review, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 4, 2025

Abstract We examine how trade and policy uncertainty affect shipping freight rates, using a Bayesian Vector Autoregression (BVAR) model. Trade has strong effect on costs, even though the effects become insignificant within year. On other hand, slightly smaller initial but tends to have longer-lasting costs. benefit European stocks, perhaps as investors may believe that consumers will shift local companies, with impact US stocks also being (mildly) positive, despite (lagged) deterioration in economic activity. GDP than uncertainty, given then known merits of comparative advantage, while is higher markets compared ones.

Language: Английский

Citations

1

Natural resource development, economic policy uncertainty and urban residents’ consumption in China: a nonlinear ARDL and time-varying parameter vector autoregressive with stochastic volatility approach DOI Creative Commons

Tianxiang Long,

Xiangying Cui,

Jiale Yan

et al.

Stochastic Environmental Research and Risk Assessment, Journal Year: 2024, Volume and Issue: 38(7), P. 2563 - 2579

Published: March 29, 2024

Abstract Increased risks of economic policy uncertainty and overexploitation natural resources exist in China. At the same time, growth rate urban residents’ consumption has generally declined. The paper analyses role (EPU) resource exploitation on Based data from first quarter 2002 to third 2021, uses a nonlinear autoregressive distributed lag model verify asymmetric effects. Then constructs time-varying parameter vector with stochastic volatility term analyze responses. Impulse response analysis was used further explain relationship between three. negative impact rising EPU is larger than its reduction. Negative shocks development increase consumption. Positive reduce There non-linear effect been exacerbated by major crises such as financial crisis, COVID-19 post-crisis period. diminished after government introduced industrial upgrading policies environmental regulations. This study provides constructive suggestions for optimization improvement also enriches consumer theory new evidence curse hypothesis.

Language: Английский

Citations

5

Climate policy uncertainty, clean energy and energy metals: A quantile time-frequency spillover study DOI

Sen Qiao,

Chang Yuan, Xi Xi

et al.

Energy Economics, Journal Year: 2024, Volume and Issue: unknown, P. 107919 - 107919

Published: Sept. 1, 2024

Language: Английский

Citations

5

The Impact of Land Transfer-In on Crop Planting Structure and Its Heterogeneity among Farmers: Evidence from China DOI Creative Commons
Yuanyuan Chen,

Mingyao Cai,

Zemin Zhang

et al.

Land, Journal Year: 2024, Volume and Issue: 13(1), P. 87 - 87

Published: Jan. 11, 2024

The crop planting structure in the world has shown a trend of “non-grain”, which will shake foundations global food security long run. As basic and important production factor, changes land have an impact on farmers’ decisions. In this paper, we take China, country that is experiencing transfer, “non-grain” production, farmer differentiation, as research area, use household survey data at national level, adopt methods Propensity Score Matching (PSM) multiple regression models to reveal transfer-in its heterogeneity among farmers. results showed can drive tend be China. conclusion was still valid after robustness tests expanding sample size, increasing number control variables, introducing endogenous problem management. analysis indicated negative grain crops mainly exists for large-scale farmers with agriculture main source income. Based these findings, Chinese government should formulate targeted policies prevent tendency transfer-in.

Language: Английский

Citations

4

Exploring the asymmetric influence of economic policy uncertainty on the nonlinear relationship between exchange rate and carbon prices in China DOI

Xinya Huang,

Yufeng Wang, Houjian Li

et al.

The North American Journal of Economics and Finance, Journal Year: 2024, Volume and Issue: 73, P. 102166 - 102166

Published: April 24, 2024

Language: Английский

Citations

4

Spillover effects between China’s new energy and carbon markets and international crude oil market: a look at the impact of extreme events DOI Creative Commons
Yong Zhang, Grace H. Tang, Rong Li

et al.

International Review of Economics & Finance, Journal Year: 2025, Volume and Issue: unknown, P. 103939 - 103939

Published: Feb. 1, 2025

Language: Английский

Citations

0

Monetary policy regulation and effectiveness of bank liquidity risk in China: a non-linear study using Markov-switching VAR models DOI
Huimin Jing,

Yixin Zhu

Post-Communist Economies, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 34

Published: Jan. 5, 2025

We investigate the nonlinear effect of quantitative and price-based monetary policies on bank liquidity risk from January 2005 to December 2022. find optimal mode policy regulate in different regimes evidence that affects effectiveness regulation. Specifically, high is more appropriately regulated by policy, although there no significant difference between for medium low risk. However, higher degree financial openness cycle superposition reduce regulating Considering can affecting China's cycle, adopting not only reduces thus improves but also achieves indirect management

Language: Английский

Citations

0

The impact of geopolitical risk on food prices: evidence from the TVP-SV-VAR model DOI
Qiang Liu,

Xu Chen,

Zhenwei Xu

et al.

Journal of Economics and Finance, Journal Year: 2025, Volume and Issue: unknown

Published: March 25, 2025

Language: Английский

Citations

0