With the widespread application of electronic money and the computerization of settlement,the central bank issued base money(cash and commercial bank deposits at the central bank) is to withdraw from people’s day-to-day economic activity,the growing medium of exchange may be losing its touch the body, the development of electronic money. The central bank reduced the public’s demand for base money,which is bound to weaken the effectiveness of monetary policy in the past, and may even lose its effect on the formation of the central bank’s monetary policy a severe challenge.Despite such challenges in the performance of China’s far less than fully developed,but we must also beRead More →

This article, on the basis of previous researches, focusing on home stock market, and chooses two periods, including the Asian financial crisis and the global financial crisis, studies the change of co-movement effect between the mainland stock market and overseas markets. Our research is on the purpose of supplying more useful guidance for how to defend and reduce the shock of external equity markets, how to optimize the equity market in the allocation of resources, and how to make contributions for the long-term growth of the GDP. The co-movement mechanism between domestic and overseas stock market has been systematically and widely discussed in this paper,Read More →

In today’s economic globalization development, Economic interactions between countries tie more closely. During the period between outbreak of financial crisis in February 2007 and the October 2008, financial crisis has experienced transition from virtual economy to the real economy conduction. At the same time, as a result, the financial crisis known as U.S. subprime mortgage crisis has a great impact on the development entities in real economy. Household Appliance Industry in China is a very important part of the real economy. Export is the important component of our Household Appliance Industry. Under this circumstance, therefore, the impact of the financial crisis on the export ofRead More →