scholarly journals Income smoothing and foreign asset holdings

2008 ◽  
Vol 34 (1) ◽  
pp. 23-29 ◽  
Author(s):  
Faruk Balli ◽  
Rosmy J. Louis ◽  
Mohammad Osman
Keyword(s):  
Income Smoothing ◽  
Foreign Asset ◽  
Asset Holdings

China: capital flight or renminbi internationalization?

2021 ◽  
Vol 9 (4) ◽  
pp. 552-574
Author(s):  
Paulo van Noije ◽  
Marina Zucker-Marques ◽  
Marina Zucker-Marques
Keyword(s):  
Detailed Analysis ◽  
Foreign Asset ◽  
Capital Flight ◽  
Chinese Government ◽  
Domestic Economy ◽  
Foreign Reserves ◽  
Stocks And Flows ◽  
International Assets ◽  
Asset Holdings

During 2014–2016, many analysts have claimed the occurrence of a capital flight in China due to the reduction of the country's foreign reserves by over US$800 billion. This paper aims therefore to answer the question: did China really undergo a capital flight in this period? Its methodology includes a detailed analysis of the Chinese external stocks and flows between 2014 and 2016, and an examination of the currency hierarchy and the international usage of the renminbi (RMB). The authors conclude: the fall in the foreign reserves that occurred in China in 2015–2016 was partially due to (i) a strategy of the Chinese government to diversify its international assets; and (ii) Chinese residents (private entities) increasing their foreign-asset holdings. Besides that, there did indeed occur a capital flight in China in 2015–2016, mostly due to a reduction of the non-resident deposits and loans, but these outflows were partially in RMB. Due to that core difference, the effects on the domestic economy are much lower. Furthermore, the RMB outflows may contribute to the internationalization of the RMB.

Privatization of Public Enterprises and Income Smoothing

2013 ◽  
Vol 27 (4) ◽  
pp. 419-446
Author(s):  
Mi-Hee Park ◽  
KukhyunChoe
Keyword(s):  
Income Smoothing ◽  
Public Enterprises

The Effect of Analyst Coverage on the Informativeness of Income Smoothing

CFA Digest ◽  
2012 ◽  
Vol 42 (2) ◽  
pp. 49-51
Author(s):  
Marla Howard
Keyword(s):  
Income Smoothing ◽  
Analyst Coverage

The Effect of Credit Ratings and Debt Financing Plan on the Income Smoothing

2019 ◽  
Vol 37 (3) ◽  
pp. 207-232
Author(s):  
Sam-Bock Park ◽  
Ji-Yeon Yoo
Keyword(s):  
Credit Ratings ◽  
Debt Financing ◽  
Income Smoothing

Networks of common asset holdings: aggregation and measures of vulnerability

2018 ◽  
Vol 4 (3) ◽  
pp. 53-78 ◽  
Author(s):  
Anton Braverman ◽  
Andreea Minca
Keyword(s):  
Asset Holdings

Cash Flow Volatility, Income Smoothing and CEO Cash Compensation

2009 ◽  
Author(s):  
Somnath Das ◽  
Keejae P. Hong ◽  
Kyonghee Kim
Keyword(s):  
Cash Flow ◽  
Income Smoothing ◽  
Cash Compensation ◽  
Cash Flow Volatility

Risk Agencies, Bond Ratings and Income Smoothing in Public Bond Offering in Brazil

2010 ◽  
Author(s):  
Antonio Lopo Martinez ◽  
Miguel Angel Rivera
Keyword(s):  
Income Smoothing ◽  
Bond Ratings
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