References
- Aftab, M., Syed, K. B. S., & Katper, N. A. (2017). Exchange-rate volatility and Malaysian-Thai bilateral industry trade flows. Journal of Economic Studies, 44(1), 99–114. https://doi.org/10.1108/JES-05-2015-0091
- Al-Shayeb, A., & Hatemi-J, A. (2016). Trade openness and economic development in the UAE: An asymmetric approach. Journal of Economic Studies, 43(4), 587–597. https://doi.org/10.1108/JES-06-2015-0094
- Arango, S., & Ishaq Nadiri, M. (1981). Demand for money in open economies. Journal of Monetary Economics, 7(1), 69–83. https://doi.org/10.1016/0304-3932(81)90052-0
- Arize, A. C., Malindretos, J., & Igwe, E. U. (2017). Do exchange rate changes improve the trade balance: An asymmetric nonlinear cointegration approach. International Review of Economics & Finance, 49, 313–326. https://doi.org/10.1016/j.iref.2017.02.007
- Baghestani, H., & Kherfi, S. (2015). An error-correction modeling of US consumer spending: Are there asymmetries? Journal of Economic Studies, 42(6), 1078–1094. https://doi.org/10.1108/JES-04-2014-0065
- Baharumshah, A. Z., Mohd, S. H., & Masih, A. M. M. (2009). The stability of money demand in China: Evidence from the ARDL model. Economic Systems, 33(3), 231–244. https://doi.org/10.1016/j.ecosys.2009.06.001
- Bahmani-Oskooee, M., & Ghodsi, H. (2018). Asymmetric causality between the U.S. housing market and its stock market: Evidence from state level data. The Journal of Economic Asymmetries, 18, e00095. https://doi.org/10.1016/j.jeca.2018.e00095
- Bahmani-Oskooee, M., & Kanitpong, T. (2019). Asymmetric effects of exchange rate changes on Thailand-China commodity trade: Evidence from 45 industries. The Chinese Economy, 52(3), 203–231. https://doi.org/10.1080/10971475.2018.1548142
- Bahmani-Oskooee, M., & Maki-Nayeri, M. (2018a). Asymmetric effects of policy uncertainty on the demand for money in the United States. Journal of Risk and Financial Management, 12(1), 1–13. https://doi.org/10.3390/jrfm12010001
- Bahmani-Oskooee, M., & Maki-Nayeri, M. (2018b). Policy uncertainty and the demand for money in Australia: An asymmetry analysis. Australian Economic Papers, 57(4), 456–469. https://doi.org/10.1111/1467-8454.12127
- Bahmani-Oskooee, M., & Pourheydarian, M. (1990). Exchange rate sensitivity of the demand for money and effectiveness of fiscal and monetary policies. Applied Economics, 22(7), 917–1384. https://doi.org/10.1080/00036849000000029
- Bahmani-Oskooee, M., & Wang, Y. (2007). How stable is the demand for money in China? Journal of Economic Development, 32(1), 21–33.
- Bahmani-Oskooee, M., Xi, D., & Wang, Y. (2012). Economic uncertainty, monetary uncertainty and the demand for money in China. The Chinese Economy, 45(6), 26–37. https://doi.org/10.2753/CES1097-1475450602
- Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring economic policy uncertainty. The Quarterly Journal of Economics, 131(4), 1593–1636. https://doi.org/10.1093/qje/qjw024
- Chan, M. L., Cheng, W., & Deaves, R. (1991). Money demand in China revisited: Some new empirical evidence. Journal of Asian Economics, 2(1), 137–144. https://doi.org/10.1016/1049-0078(91)90028-J
- Engle, R. F., & Granger, C. W. J. (1987). Cointegration and error correction: Representation, estimation, and testing. Econometrica, 55 (2), 251–276. https://doi.org/10.2307/1913236
- Feltenstein, A., & Farhadian, Z. (1987). Fiscal policy, monetary targets, and the price level in a centrally planned economy: An application to the case of China. Journal of Money, Credit and Banking, 19(2), 137–156. https://doi.org/10.2307/1992272
- Gogas, P., & Pragidis, I. (2015). Are there asymmetries in fiscal policy shocks? Journal of Economic Studies, 42(2), 303–321. https://doi.org/10.1108/JES-04-2013-0059
- Gregoriou, A. (2017). Modelling non-linear behaviour of block price deviations when trades are executed outside the bid-ask quotes. Journal of Economic Studies, 44(2), 206–213. https://doi.org/10.1108/JES-03-2016-0050
- Hafer, R. W., & Kutan, A. M. (1994). Economic reform and long run money demand in China: Implications for monetary policy. Southern Economic Journal, 60(4), 936–945. https://doi.org/10.2307/1060431
- Hajilee, M., & Niroomand, F. (2019). On the link between financial market inclusion and trade openness: An Asymmetric Analysis. Economic Analysis and Policy, 62, 373–381. https://doi.org/10.1016/j.eap.2018.10.001
- Huang, C. (2000). Economic reform and the stability of long-run demand for money in China: Some results from co-integration tests. In The Chinese economy under transition (pp. 276–296). UK: Palgrave Macmillan.
- Huang, G. (1994). Money demand in China in the reform period: An error correction model. Applied Economics, 26(7), 713–719. https://doi.org/10.1080/00036849400000042
- Istiak, K., & Alam, M. R. (2019). Oil prices, policy uncertainty and asymmetries in inflation expectations. Journal of Economic Studies, 46(2), 324–334. https://doi.org/10.1108/JES-02-2018-0074
- Laidler, D. (1991). The demand for money: Theories, evidence and problems (4th ed.). Harper Collins College Publishers.
- Lee, C., & Chien, M. (2008). Stability of money demand function revisited in China. Applied Economics, 40(24), 3185–3197. https://doi.org/10.1080/00036840600994153
- Li, L., Tan, H., & Zhang, H. (2020). Government finance and money creation in China: An MMT perspective. The Chinese Economy, 53(4), 329–341. https://doi.org/10.1080/10971475.2020.1728481
- Lima, L., Foffano Vasconcelos, C., Simão, J., & de Mendonça, H. (2016). The quantitative easing effect on the stock market of the USA, the UK and Japan: An ARDL approach for the crisis period. Journal of Economic Studies, 43(6), 1006–1021. https://doi.org/10.1108/JES-05-2015-0081
- Liu, K. (2020). China’s policy response to the China US trade war: An initial assessment. The Chinese Economy, 53(2), 158–176. https://doi.org/10.1080/10971475.2019.1688003
- Nusair, S. A. (2017). The J-curve phenomenon in European transition economies: A nonliear ARDL approach. International Review of Applied Economics, 31(1), 1–27. https://doi.org/10.1080/02692171.2016.1214109
- Olaniyi, C. (2019). Asymmetric information phenomenon in the link between CEO pay and firm performance: An innovative approach. Journal of Economic Studies, 46(2), 306–323. https://doi.org/10.1108/JES-11-2017-0319
- Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
- Qin, D. (1994). Money demand in China: The effect of economic reform. Journal of Asian Economics, 5(2), 253–271. https://doi.org/10.1016/1049-0078(94)90027-2
- Shang, Q., Ma, Z., & Wang, X. (2020). In search of the best interest rate for group lending: Toward a win–win solution for SMEs and commercial banks in China. The Chinese Economy, 53(3), 285–299. https://doi.org/10.1080/10971475.2020.1722359
- Shin, Y., Yu, B. C., & Greenwood-Nimmo, M. (2014). Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In R. Sickels & W. Horrace (Eds.), Festschrift in honor of Peter Schmidt: Econometric methods and applications (pp. 281–314). Springer.
- Wang, C., & Giouvris, E. (2020). The impact of foreign bank entry on Chinese banks and financial liberalization: Recent evidence. The Chinese Economy, 53(2), 177–199. https://doi.org/10.1080/10971475.2019.1688004
- Yi, G. (1993). Towards estimating the demand for money in China. Economics of Planning, 26(3), 243–270. https://doi.org/10.1007/BF01265669