Renminbi Exchange Rate Exposure: Evidence from Chinese Industries.
(2013)
Journal Article
Miao, B., Zhou, S., Jing, N., & Zhang, Z. (2013). Renminbi Exchange Rate Exposure: Evidence from Chinese Industries. Journal of Chinese Economic and Business Studies, 11(4), 229-250. https://doi.org/10.1080/14765284.2013.838386
Dr Zhichao Zhang's Outputs (7)
The Options for Reforming the Renminbi Exchange Rate Regime. (2013)
Book Chapter
Pan, Y., Nie, J., Zhou, S., Wu, X., & Zhang, Z. (2013). The Options for Reforming the Renminbi Exchange Rate Regime. In W. Woo, Y. Pan, J. Sachs, & J. Qian (Eds.), Financial Systems at the Crossroads. World Scientific Publishing
Strategic Asset Allocation for China’s Foreign Reserves: A Copula Approach. (2013)
Journal Article
Zhang, Z., Zhang, F., & Zhang, Z. (2013). Strategic Asset Allocation for China’s Foreign Reserves: A Copula Approach. China & World Economy, 21(6), 1-21. https://doi.org/10.1111/j.1749-124x.2013.12043.x
Subordinated debt as instrument of market discipline: risk sensitivity of sub-debt yield spreads in UK banking. (2013)
Journal Article
Song, W., Zhang, Z., Sun, X., & Shi, N. (2013). Subordinated debt as instrument of market discipline: risk sensitivity of sub-debt yield spreads in UK banking. Journal of Economics and Business, 73(May - June), 1-21. https://doi.org/10.1016/j.jeconbus.2013.11.002
Investor learning and mutual fund family (2013)
Journal Article
Zhang, Z., Ding, L., & Zhou, S. (2014). Investor learning and mutual fund family. Journal of Empirical Finance, 26, 171-188. https://doi.org/10.1016/j.jempfin.2013.12.001In this paper we revisit the cross-fund learning method suggested by Jones and Shanken (2005) and construct a linear hierarchical model to consider the learning across funds within the fund family during the performance evaluation. We provide a full... Read More about Investor learning and mutual fund family.
Exchange Rate Determination and Dynamics in China: A Market Microstructure Analysis (2013)
Journal Article
Zhang, Z., Chau, F., & Zhang, W. (2013). Exchange Rate Determination and Dynamics in China: A Market Microstructure Analysis. International Review of Financial Analysis, 29, 303-316. https://doi.org/10.1016/j.irfa.2012.08.005This paper provides a market-microstructure analysis of exchange rate dynamics in the Chinese foreign exchange market using a vector autoregressive (VAR) modeling framework. An index of order flow is constructed in the Chinese context to reflect exce... Read More about Exchange Rate Determination and Dynamics in China: A Market Microstructure Analysis.
Accumulation of Large Foreign Reserves in China: A Behavioural Perspective (2013)
Journal Article
Zhang, Z., Chau, F., & Li, X. (2013). Accumulation of Large Foreign Reserves in China: A Behavioural Perspective. Economic Change and Restructuring, 46(1), 85-108. https://doi.org/10.1007/s10644-012-9136-1The massive accumulation of foreign reserves by China has challenged the conventional thinking about prudent reserve management. This paper develops a behavioural model of optimal decision making under uncertainty to explain the observed Chinese rese... Read More about Accumulation of Large Foreign Reserves in China: A Behavioural Perspective.