Refereed Journals

 

•  China’s State-Owned Enterprises and Competitive Neutrality, World Economics Journal, Vol.22 (1), (co-authored), 2021

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• The Regulatory Arbitrage and Window Dressing in Shadow Banking: The Example of Chinese Wealth Management Product, Economics and Political Studies, Vol.7 (3), (co-authored), 2019

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• Internationaliser la monnaie tout en s’endettant massivement : le cas de la Chine, Revue D'économie Financière, vol. n° 119, issue 3, 121-140, 2015;

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• RMB bilateral Swap Agreements: How China Chooses its Partners, Asia-Pacific Journal of Accounting and Economics, Volume 22, Issue 4, 2015;

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• Les Risques du Système Bancaire Chinois après le Plan de Relance de 2008-2010 et le Boom de L’Immobilier. Revue D'économie Financière, 2011/2 (N° 102) ;

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• What Explains the Low Profitability of Chinese Banks? Journal of Banking and Finance, Volume 33, Issue 11, Pages 2080-2092, November 2009;

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• China Exchange Rate Policy and Asian Trade. Economie Internationale, 2008/4(n° 116), Pages 53 – 92; also published in Chinese “中国的汇率政策和亚洲貿易” in新金融New Finance 2009, (9) F830;

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• China’s Banking Reform: An Assessment of its Evolution and Possible Impact. CESifo Economic Studies, Volume 52, Issue 2, Pages 304–363, 1 June 2006;

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• Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment in China. The Japanese Economic Review, Volume 56, Issue 4, Pages 408–416, December 2005;

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• La Reforma del Sistema Financiero Chino. Boletín Económico, Banco de España, (11) Página(s):101-111, Nov 2004;

 

 

Books

 

• Assessing China’s Economic Reform and Opening-Up: Successes, Shortfalls, and What’s Next, China and the World – The Long March Towards a Community of Shared Future for Mankind, Il Mulino, Bologna, pp.71-93, 2020

 

• An Assessment of China’s Banking System Reform in Who Will Provide the Next Financial Model? pp 147-175, edited by Sahoko Kaji and Eiji Ogawa published by published by Springer, 2013;

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• China's banking system reform in China and the Global Financial Crisis, edited by Jean-Pierre Cabestan, Jean-Francis and Xavier Richet. Published by Routledge, 2011;

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• China’s Monetary Policy Communication: Money Markets Both Listen and Understand, in EURObiz, published by the European Chamber of Commerce in China, March/April 2011;

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• China como receptor de inversión extranjera directa, in Economía Exterior, No. 56, published by Estudios de Política Exterior SA, 2011;

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• Internacionalización Del Renminbi: ¿qué está sucediendo y qué hemos de esperar?” ICE Boletín Económico 3005, 16-31 enero 2011, published by Ministerio de Economía y Competitividad, 2011;

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• ¿Cuando saltará fronteras el Renminbi?, El papel de China en el Sistema Monetario Internacional, en Crisis Financiera y Arquitectura Financiera Internacional, Número Monográfico ICE julio-agosto 2010 no. 855, published by Ministerio de Economía y Competitividad, 2010;

 

 

Working Papers

 

• China’s Digital Economy: Opportunities and Risks, IMF Working Paper, January 2019

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• How Big is China’s Digital Economy, HKUST IEMS Working Papers, No.2018-56, (co-authored), 2018

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• Regulatory arbitrage and window-dressing in the shadow banking activities: evidence from China’s Wealth Management Products, BBVA Working Paper N° 15/30, 2015;

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• Internationalizing the currency while leveraging massively: the case of China, Bruegel Working Paper, 2015/12, 2015;

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• China’s ODI: How much goes where after round-tripping and off shoring? BBVA Working Paper, Nº 15/17, June 2015;

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• How Close is Asia to an Optimal Currency Area in Terms of Business Cycle Co-Movement? IMES Discussion Paper Series 14-E-12, Institute for Monetary and Economic Studies, Bank of Japan, 2014；

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• China’s RMB Bilateral Swap Agreements: What explains the choice of countries? BBVA Working Paper Nº 13/18, Economic Analysis, May 2013;

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• China's Monetary Policy Communication: Money Markets Not Only Listen, They Also Understand, HKIMR Working Paper Nº 02/2013, Jan 2013;

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• RMB Internationalization. What is in for Taiwan, BBVA Working Paper Nº 12/06, Apr 2012;

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• China’s exchange rate policy and Asian trade, BIS Working Papers Nº 282, April 2009;

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• Is the Chinese Banking System Benefiting from Foreign Investors? BBVA Working Paper Nº 0804, Jun 2008;

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• After Bretton Woods II, BBVA Working Paper Nº 0803, Jun 2008;

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• Where is the Chinese Banking System Going with the Ongoing Reform? Banco de España Documento de Trabajo Nº 0406, 2004;

 

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Opinions

 

• Hong Kong: From a Global Offshore Financial Center to a Mainland China-centric One, The Taiwan Banker, May 2022

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• Financial Decoupling is an Important Threat, The Taiwan Banker, December, 2021

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• Could the RMB Dislodge the Dollar As a Reserve Currency? Brink News, July 8, 2021

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• China's yuan nowhere near cracking US dollar hegemony, Nikkei Asian Review, October 27, 2020

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• Watch Out For China’s Currency In Case Of No-Deal Scenario, Forbes, December 12, 2019

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• Upbeat outlook from Chinese banks' profits masks growing problems for small banks, Asian Banking and Finance, November 11, 2019

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• China’s dual banking system: consolidation as the final solution for weak small banks, Bruegel, September 16, 2019

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• Sticks and carrots from China’s leadership to Chinese banks, Bruegel Blog, March 21 2019

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• China’s debt is still piling up – and the pile-up is getting faster, Bruegel Blog, March 19 2019

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• Global Market's Tepid Reaction to China' New Opening, AsiaGlobal Online, 4 October 2018

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• Is China Deleveraging? Too Early to Cheer, Brink, Asia-Pacific Outlook, Sep 2017

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• Chinese banks' improved asset quality cannot hide other phantoms. Bruegel  Asian Banking & FinanceDec 2017

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• Chinese banks: An endless cat and mouse game benefitting large players. Bruegel Blog, Sep 2017

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• La creciente divergencia en la salud corporativa china. Real Instituto Elcano, Comentario Elcano 32/2016 - 8/7/2016

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• Chinese banks: Quo vadis? BANQUE & STRATÉGIE N° 346 - AVRIL 2016, Le système financier chinois en quête de maturité

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• Debt, Not Reserves, to Constrain China’s Cross-Border Buying Spree, BRINK, Economy, Apr 2016

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• Chinese banks: the way forward, Bruegel Blog, April 19,2016

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• China continues to focus on growth not reform. Bruegel Blog, March 4, 2016

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• China is running out of options as foreign reserves drop, FT beyond brics and Bruegel Blog, January 21,2016

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• China Continues to Battle Massive Capital Flight Problem. Asia-Pacific Outlook, Sep 2016

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• ‘Old China’ Bad, ‘New China’ Good: Growing Divergence in Chinese Corporate Health. Asia-Pacific Outlook, Jul 2016

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• Why is China finding it hard to fight the markets? World Commerce Review 

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• Stock market collapse and exchange-rate depreciation: what next for China? August, 2015 Real Instituto Elcano

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• Are Yuan Internationalization and Financial Liberalization Colliding Trains?, CAIXIN, May 11th, 2015

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• Additional Monetary Easing for China: More of a Problem than a Solution, BRUEGEL Blog, more of a Problem than a Solution, May 5th, 2015

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• China’s quest for SDR: much ado about nothing, Bruegel Blogs, Oct 2015

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• China’s interest in the Juncker Plan: not so strange after all. Bruegel Blogs, Oct 2015

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• China’s stock market falling off a cliff: Why, and why care? Bruegel Blogs, Jul 2015

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• China’s outward foreign direct investment, Bruegel Blogs, Jun 2015

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• Additional monetary easing for China? Bruegel Blogs, May 2015

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• “Le renminbi pas près de remplacer le dollar” October 2014, WORK LE MAGAZINE ECONOMIQUE FEMININ

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• “中国金融体系改革的次序选择”, New Finance issue 287 January 2013

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• “RMB-ization”, published in China Economic Review August 2012, vol. 23 No. 8

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