Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 杜巨澜教授 (经济学系) |
全文
| 数位物件识别号 (DOI) ○○@http://aims.cuhk.edu.hk/converis/portal/Publication/2$@○○ |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/2WOS source URL
其它资讯
摘要This paper addresses the issue of whether financial deepening has promoted interregional risk sharing in China. It first examines the evolution pattern of overall risk sharing across China as a whole and in its coastal, central and western areas in different periods. The level of risk sharing exhibits a declining pattern over time, most of which is attributable to the coastal areas. This is in striking contrast to the rapid development of financial markets and financial intermediaries over the decades. By analyzing whether the development of the credit and capital markets affects consumption risk sharing, we conclude that financial development has not promoted risk sharing for the nation as a whole. While the expansion of the capital market has promoted risk sharing in the coastal areas in spite of the overall declining trend in that region, there is no evidence to show that this is true for the western areas.
着者Du JL, He Q, Rui OM
期刊名称Journal of the Asia Pacific Economy
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2010
月份1
日期1
卷号15
期次4
出版社ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
页次369 - 387
国际标準期刊号1354-7860
语言英式英语
关键词capital market; Chinese economy; credit market; regional risk sharing
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
