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ID: 122990

On international short-term capital movements and China’s monetary policy independence: an empirical analysis / Pinghai, Li; Wei, Lu; Haijian, Li

Pinghai, Li	Journal Article
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2013.

Summary/Abstract

Against the backdrop of the increasing impact of international short-term capital movements in the global economy, China's monetary policy independence has also been affected. This article outlines several important effects of international short-term capital movements on China's monetary policy independence by analysing features of channels and mechanisms of short-term international capital movement. The relationship between international short-term capital movements and China's monetary policy independence is studied econometrically using a value-at-risk model. The findings indicate that such capital influxes, especially those from abnormal channels in huge volumes, do adversely affect China's monetary policy independence.

Key Words

Global Economy ; China ; China's Monetary Policy ; International Short - Term Capital Movements ; China’s Monetary Policy

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ID: 148537

When friends turned into enemies: The Role of the National State vs. Tehrik-i-Taliban Pakistan (TTP) in the War against Terrorism in Pakistan / Khan, Muhammad Khalil; Wei, Lu

Wei, Lu	Journal Article
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Summary/Abstract

After 9/11, the Pakistani state`s decision to abandon the Taliban (friends) under U.S. pressure and later to become a “frontline” state in the war against terrorism had led to a massive change in the “strategic security paradigm” of the Pakistani security establishment. This strategic policy U-turn transposed the state`s long-held strategic partners and friends (Taliban) into brutal enemies in the war against terrorism in Pakistan. This article critically analyzes the enigmatic situation in which these friendly forces emerged as brutal actors in the war against terrorism and empirically examines the strategies and tactics that Tehrik-i-Taliban Pakistan (TTP), adopted over time to create panic and fear to gain political leverage during military operations against them. This paper also highlights tactical mapping of TTP and its affiliates, its ideological grounding, and critical analysis of the perilous relationship between the state and Taliban forces as the Afghan jihad presents a state of war on terror.

Key Words

War against Terrorism ; Islamic Militancy ; Tehrik-i-Taliban Pakistan (TTP) ; Strategies and Tactics ; Mapping of TTP and its Affiliates

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