1china's Financial Network With International Spillovers: A First Look
1china's Financial Network With International Spillovers: A First Look
1china's Financial Network With International Spillovers: A First Look
modified spillover index approach from the perspective of financial shocks transmission, this study is the
first to explore China's financial institution (FI) network after the global financial crisis, allowing for
interactions with the financial sectors of four major global economies. We document that: (1) although
banks still dominate China's financial sector, nonbank FIs also bear considerable influence; (2) the
market-oriented large commercial banks generally play a more pronounced role than the four state-
owned megabanks in transmitting financial shocks; (3) China's financial sector exerts noticeable influence
on the global financial sector, particularly that of Japan; and (4) monetary policy measures dominate in
determining the overall influence from other FIs to a particular FI while firm-specific factors dominate in
determining the influence of a particular FI on other FIs. These findings have important policy
implications.
Business Literacy Education in the Digital Age; the digital world currently
presents many learning tools and knowledge sources about business literacy. Considering today's learners,
digital improvements suggest time-saving learning tools and processes for individual or mass learning
activities. Since the industrial age and through the knowledge age, we still use and improve network
elements in the digital age. Computers, tablets, televisions, cell phones are instantly becoming the
distributors of knowledge in or out of spaces. However, learners in the digital age by the freedom of internet
connection points may easily reach to videos, podcasts, or especially, to games that are based on individual
learning activities. In respect to the aim of this chapter, an overview is targeted about the understanding of
business literacy in the digital age, and it also mentions financial literacy as a supporting literature review.
The research finally proposes a realization on the dilemma of the abundance of the knowledge in business
and financial literacy leaving out the scarcity of digital tools and sources.