Wenting Song's Books

Monetary Policy Transmission and Policy Coordination in China

By: Miss Sonali Das,Wenting Song

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Monetary Policy Transmission and Policy Coordination in China

By: Miss Sonali Das,Wenting Song

We study the transmission of conventional monetary policy in China, focusing on the interaction between monetary and fiscal policy given the unique institutional set-up for macroeconomic policy making. Our results suggest some progress but also continued difficulties in the transmission of monetary policy. Similar to recent studies, we find evidence of monetary policy pass-through to interest rates. However, the impact of monetary policy measures that are not coordinated with fiscal policy is significantly weaker than that of coordinated measures. This suggests the need for further improvements to the interest-rate based framework.

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Publisher

International Monetary Fund

Published Date

ISBN 13

9798400206757

Statistical Tools for Measuring Agreement

By: Lawrence Lin,A. S. Hedayat,Wenting Wu

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Statistical Tools for Measuring Agreement

By: Lawrence Lin,A. S. Hedayat,Wenting Wu

Agreement assessment techniques are widely used in examining the acceptability of a new or generic process, methodology and/or formulation in areas of lab performance, instrument/assay validation or method comparisons, statistical process control, goodness-of-fit, and individual bioequivalence. Successful applications in these situations require a sound understanding of both the underlying theory and methodological advances in handling real-life problems. This book seeks to effectively blend theory and applications while presenting readers with many practical examples. For instance, in the medical device environment, it is important to know if the newly established lab can reproduce the instrument/assay results from the established but outdating lab. When there is a disagreement, it is important to differentiate the sources of disagreement. In addition to agreement coefficients, accuracy and precision coefficients are introduced and utilized to characterize these sources. This book will appeal to a broad range of statisticians, researchers, practitioners and students, in areas of biomedical devices, psychology, medical research, and others, in which agreement assessment are needed. Many practical illustrative examples will be presented throughout the book in a wide variety of situations for continuous and categorical data.

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Page Count

174

Publisher

Springer Science & Business Media

Published Date

ISBN 10

1461405629

ISBN 13

9781461405627

Spatio-temporal Analysis and Optimization of Land Use/Cover Change

Shenzhen as a Case Study

By: Biao Liu,Bo Huang,Wenting Zhang

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Spatio-temporal Analysis and Optimization of Land Use/Cover Change

Shenzhen as a Case Study

By: Biao Liu,Bo Huang,Wenting Zhang

This book proposes a method to solve land use problems, and has made some significant contributions to the land use analysis and optimization study fields. Firstly, three spatio-temporal logit models for land use change analysis, namely, geographically and temporally weighted logit model (GTWLM), spatio-temporal panel logit model (ST-PLM) and generalized spatio-temporal logit model (GSTLM), are proposed. GTWLM, which considers spatio-temporal non-stationarity, includes temporal data in a spatio-temporal framework by proposing a spatiotemporal distance. ST-PLM incorporates the spatio-temporal correlation and individual effect in one model. By integrating GTWLM and ST-PLM, the GSTLM explores spatio-temporal non-stationarity and correlations simultaneously, whilst considering their individual effects to construct an integrated model. Secondly, a MOO-based two-level spatial planning of land use is proposed. The spatial planning aims at managing and coordinating the land use at different geographic extents and involves spatial layouts and structures of land use at different levels. In spatial planning, GIS and Remote Sensing are used to evaluate, analyze, and measure environmental, economic and social issues. The quantitative relationships between these objectives and spatial land use allocation are then used as rules in the MOO process to simulate environmental conditions under different spatial land use allocation scenarios. The book features a case study of Shenzhen city, the most important Special Economic Zone in China. This book will be of interest to academics and professionals in the fields of urban planning, land resource management, remote sensing and geographic information systems.

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Page Count

207

Publisher

CRC Press

Published Date

ISBN 10

135196674X

ISBN 13

9781351966740

Artificial Financial Intelligence in China

By: Dawei Zhao,Wenting Zhang

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Artificial Financial Intelligence in China

By: Dawei Zhao,Wenting Zhang

This book starts from the application scenarios of artificial financial intelligence regulation, commercial banking, wealth management and payments, etc., and makes a detailed study of the main scenarios of the application of China's artificial intelligence in the financial field, and also analysis specific application cases of China.With the popularization of smart phones and the rapid development of e-commerce, mobile payment, big data and other technologies are in the ascendant in China in recent years. In particular, artificial intelligence technologies in the form of facial, speech and semantic recognition are showing preliminary advantages in the field of FinTech, and the future era of Intelligent Finance has quietly come. The Chinese government has clearly put forward "China should rely on a robust cycle of domestic demand and innovation as the main driver of the economy while maintaining foreign markets and investors as a second engine of growth", science and technology innovation is the basic motivation of economic and social cycle, to implement the " dual circulation strategy ", it is necessary to understand the key role of scientific and technological innovation in financial innovation services, and improve financial services must be driven by science and technology. There is a natural relationship between artificial intelligence and financial services, because financial services are credit and information intermediaries, and data is the most critical for finance, while artificial intelligence has a super ability in dealing with complex data. At present, many Chinese Banks have applied artificial intelligence to their daily operations and management, such as accurate customer identification, enhanced process tracking, intelligent marketing, and product process transformation, so as to simplify financial service processes and shorten service cycles. In General, this book both pays attention to practical application and theoretical, which is a useful reference book in theoretical research and practical work, and also helps readers to understand the application of intelligent finance in China.

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Page Count

200

Publisher

Springer Nature

Published Date

ISBN 10

9811655928

ISBN 13

9789811655920

Financial Inclusion in China

Policy, Experience, and Outlook

By: Hongmei Zhu,Wenting Zhang

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Financial Inclusion in China

Policy, Experience, and Outlook

By: Hongmei Zhu,Wenting Zhang

This book aims to provide first-hand information for readers who are concerned about inclusive finance and sustainable development by summarizing China’s policy measures and practical innovations in the development of inclusive finance and expects to provide China’s experience for the development of inclusive finance in more regions. From a worldwide perspective, a large number of people had been excluded from formal financial services for a long time due to various factors. Even in developed economies with sound financial systems, relatively disadvantaged groups are often denied access to effective financial services. In 2005, the United Nations proposed the concept of Inclusive Finance, emphasizing the extension of financial services to less developed regions and low-income groups in society at an affordable cost by improving financial infrastructure and providing them with reasonably priced and convenient financial services. In 2015, the United Nations adopted the 2030 Agenda for Sustainable Development, making inclusive finance an important focus for achieving sustainable development. It has become a global consensus to vigorously develop inclusive finance. China has attached importance to improving financial services for disadvantaged groups such as rural residents, micro-, small and medium enterprises (MSMEs) and others. In 2013, Developing “Inclusive Finance” became China’s national strategy. In 2015, China formulated the Plan for Promoting the Development of Inclusive Finance (2016-2020). In 2016, during its presidency of the Global Partnership for Financial Inclusion (GPFI), China proposed the issue of "Digital Financial Inclusion" and issued the G20 High-level Principles for Digital Financial Inclusion at the G20 Hangzhou Summit in the same year. Through policy guidance and active practice by the financial sector, China has gradually formed a unique development model of inclusive finance and achieved remarkable successes. Physical outlets, service machines and online service channels have been improved, and basic financial services have generally covered both urban and rural areas. The financial services for rural households and MSMEs have improved significantly. The efficiency and convenience of financial services have been significantly improved, and the satisfaction of financial services has significantly increased. China's experience in inclusive finance has been recognized by the international community. In 2017, five cases from China were selected in the G20 report on Digital Financial Inclusion: Emerging Policy Approaches.

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Page Count

186

Publisher

Springer Nature

Published Date

ISBN 10

9819956633

ISBN 13

9789819956630

Book's by Wenting Song

Monetary Policy Transmission and Policy Coordination in China

Monetary Policy Transmission and Policy Coordination in China

Statistical Tools for Measuring Agreement

Statistical Tools for Measuring Agreement

Spatio-temporal Analysis and Optimization of Land Use/Cover Change

Spatio-temporal Analysis and Optimization of Land Use/Cover Change

Artificial Financial Intelligence in China

Artificial Financial Intelligence in China

Financial Inclusion in China

Financial Inclusion in China

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