Linyue Li Knihy

The study investigates the relationship between trade integration and business cycle synchronization among Asian countries, focusing on the concepts of decoupling and re-coupling. It explores how increased trade can either synchronize or separate business cycles, depending on the nature of trade—inter-industry trade may lead to less synchronization due to specialization, while intra-industry trade could enhance it. The research includes detailed calculations of trade indices, utilizing original data from the IMF and World Bank to analyze these dynamics at both aggregate and industry levels.

The book delves into the complex relationship between trade integration and business cycle synchronization among Asian countries, highlighting how increased trade can lead to varying outcomes. It distinguishes between intra-industry and inter-industry trade, noting that the former may enhance synchronization while the latter could diminish it. Set against the backdrop of China's sustainable growth, the research offers timely insights into international trade dynamics and financial interdependence, culminating in policy recommendations for navigating global economic fluctuations.

The book explores the intricate relationship between environmental factors and financial markets. It examines how air quality affects investor emotions and corporate decisions, revealing a notable impact on turnover rates rather than stock returns. Additionally, it investigates the dairy trade's response to regulatory changes and tariffs, highlighting their significant influence on imports. The analysis of equity market linkages challenges the notion of decoupling between Asian and advanced economies. Finally, it proposes a new theory on business cycle synchronization, integrating various economic elements for deeper understanding.

Exploring China's evolving role in the global economy, the first study analyzes macroeconomic interdependence with major economies, addressing policy coordination amidst globalization. The second study examines the decoupling versus convergence of business cycles through trade channels. Finally, the third paper proposes a framework for regional monetary cooperation among Mainland China, Hong Kong, Macau, and Taiwan. Together, these studies provide insights into China's economic interactions and the implications for policy in a complex global landscape.

Este projeto investiga como promover o acoplamento entre indústrias estratégicas emergentes e tradicionais em um contexto de ciclos financeiros e econômicos. Utilizando um modelo dinâmico e dados globais, analisa o impacto interno e externo nas indústrias, visando oferecer recomendações políticas para sua coordenação.