Author/Editor: Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W Raphael Lam, Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, Longmei Zhang.

Release Date:October, 2016

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has more...

Author/Editor: Serkan Arslanalp, Wei Liao, Shi Piao, Dulani Seneviratne.

Release Date:August, 2016

This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission channel appears to be trade linkages, although direct financial linkages are playing more...

Author/Editor: Gee Hee Hong, Jaewoo Lee, Wei Liao, Dulani Seneviratne.

Release Date:May, 2016

Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China’s import growth slowed starkly, driven by both external and domestic factors, including a more...

Author/Editor: Joong Shik Kang, Wei Liao.

Release Date:May, 2016

Real imports in China have decelerated significantly over the last two years to below 4 percent (yoy) from double-digit growth in previous years. Weaker investment, partly due to progress in more...

Author/Editor: Dong He, Wei Liao, Tommy Wu.

Release Date:April, 2015

This paper investigates the synchronization of Hong Kong SAR’s economic growth with mainland China and the United States. This paper identifies trends of economic growth based on the permanent more...

Author/Editor: Wei Liao, Sampawende J Tapsoba.

Release Date:May, 2014

China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) more...