During the past few years, monetary policy communication has become a hot topic in as far as it seems to have become a very relevant way for central banks to guide markets, beyond actual monetary policy decisions.
In this paper, we look at China-Africa trade links in more detail and evaluate some of the implications of Africa’s growing commodity export dependency on China going forward, particularly in the context of a slowdown in China.
26 noviembre 2015
China’s shadow banking sector: Arbitrage, window-dressing and wealth management products
We examine wealth management products (WMP) issued by Chinese commercial banks, which are an important part of China’s fast growing shadow banking sector. We document that the WMPs’ maturity dates cluster toward the end of a month and then decrease significantly at the beginning of the following month.