Author/Editor: Yiping Huang, Longmei Zhang, Zhenhua Li, Han Qiu, Tao Sun, Xue Wang.

Release Date:September, 2020

Promoting credit services to small and medium-size enterprises (SMEs) has been a perennial challenge for policy makers globally due to high information costs. Recent fintech developments may be able more...

Author/Editor: Bin Wang, Tao Sun.

Release Date:March, 2013

This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that China faces systemic risk in both the time (procyclicality) and cross-sectional more...

Author/Editor: William Lee, Jorge A. Chan-Lau, Dora M. Iakova, Papa M'B. P. N'Diaye, Tao Wang, Ida Liu, Hong Liang, Eswar Prasad.

Release Date:February, 2004

This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of more...

Release Date:February, 2004

This paper reviews the evolution of China's real effective exchange rate between 1980 and 2002, and uses a structural vector autoregression model to study the relative importance of different types more...