China is steadily building financial infrastructures to promote the renminbi's transnationalisation,in line with its official claims.Despite limited quantitative success,Beijing is creating a comprehensive financial s...
supported by the National Natural Science Foundation of China(Grant No.12301603).
In this paper,we study the optimal investment problem of an insurer whose surplus process follows the diffusion approximation of the classical Cramer-Lundberg model.Investment in the foreign markets is allowed,and the...
In recent years,economic and trade exchanges between China and ASEAN countries have become increasingly close.Market demand for local currency settlement and direct exchange has been steadily growing,highlighting the ...
funded by National Natural Science Foundation of China(NSFC):Research on Value Co-Creation Mechanisms and Models of Digital Content Production under AIGC Participation(72374171);Xihua University Science and Technology Innovation Competition Project for Postgraduate Students:“Generative Artificial Intelligence(GAI)+Cultural Tourism”Science and Technology Innovation Project(YK20240273).
The MBTI assessment has become a hot topic online and a common method for netizens to identify themselves across China’s social platforms.These netizens generally consider the results of their MBTI assessments as per...
This research explores upside and downside jumps in the dynamic processes of three rates:domestic interest rates,foreign interest rates,and exchange rates.To fill the gap between the asymmetric jump in the currency ma...
supported by the Natural Science Foundation of Guangdong Province,Grant No.2023A1515030221.
We construct a sovereign default network by employing high-dimensional vector autoregressions obtained by analyzing connectedness in sovereign credit default swap markets.We develop four measures of centrality,namely,...
Among the topics on the table for the next BRICS Summit in South Africa,we could highlight those related to the use of national currencies for intra-BRICS trade relations and the expansion of the grouping.A third topi...
The year 2022 was a milestone for cryptocurrencies-and not just because investors suffered record losses of more than2 × 1012USD and the arrest on fraud charges of the founder of one of the biggest exchanges [1,2]. L...
supported by the National Natural Science Foundation of China[Grant No.72103077];the Humanities and Social Sciences Foundation of the Ministry of Education of China[Grant No.21YJC790073];the Natural Science Foundation of Guangdong Province[Grant No.2021A1515011422]and[Grant No.2022A1515012000];the Social Science Foundation of Guangdong Province[Grant No.GD20YYJ02];the Social Science Foundation of Guangzhou[Grant No.2020GZQN14];the self-built fund from the Institute of Finance at Jinan University.
This paper examines how US monetary policy uncertainty(MPU)affects RMB deviations from covered interest parity(CIP)and how this effect is influenced by China’s capital controls,the RMB exchange rate regime,and intern...
Many types of cryptocurrencies,which predominantly utilize blockchain technology,have emerged worldwide.Several issuers plan to circulate their original cryptocurrencies for monetary use.This study investigates whethe...