Offshore Fears and Onshore Risk: Exchange-Rate Pressures and Bank Volatility Contagion in the People’s Republic of China

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dc.contributor.authorADB;Lai, Jennifer; McNelis, Paul D.
dc.date.accessioned2021-10-05T15:04:28Z
dc.date.available2021-10-05T15:04:28Z
dc.date.issued2019-12
dc.descriptionThis study examines whether the spot market in Hong Kong, China for offshore Chinese currency (CNH) acts as a shock absorber for the financial system of the People’s Republic of China. The findings contrast with one view that the offshore spot market for the currency, listed as CNH, is a shock absorber for the PRC financial system. The analysis suggests that further offshore exchange market movements arising out of news, such as increasing trade friction with the United States, will generate greater volatility in the PRC’s banking sector.
dc.format.extent28
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn23136537
dc.identifier.issn23136545
dc.identifier.urihttps://www.adb.org/publications/offshore-fears-onshore-risk-peoples-republic-china
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5514
dc.subject.otherEconomic data
dc.subject.otherEconomic research
dc.subject.otherEconomics
dc.subject.otherFinancial institutions and services
dc.subject.otherFinancial sector
dc.titleOffshore Fears and Onshore Risk: Exchange-Rate Pressures and Bank Volatility Contagion in the People’s Republic of China
local.publication.countryChina
local.publication.countryPeople's Republic of

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