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    Professor Zhaoyong Zhang

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Professor Zhaoyong Zhang

Professor of Finance and Economics

Staff Member Details
Telephone: +61 8 6304 5266
Email: zhaoyong.zhang@ecu.edu.au
Campus: Joondalup  
Room: JO2.472  
ORCID iD: https://orcid.org/0000-0001-9596-2648

Zhaoyong Zhang is a Professor of Finance and Economics in the School of Business and Law.

Key research areas

  • Monetary and financial market integration in East Asia
  • Real output co-movement
  • Exchange rate policy in the Chinese economy
  • International trade and finance
  • Financial market integration in East Asia
  • Foreign trade-FDI linkages associated with regional monetary integration
  • Exchange rate policy in the Chinese economy
  • Financial market and financial market integration in the Asia-Pacific region

Biography

Zhaoyong Zhang, obtained his Ph.D. from the Catholic University of Leuven (Belgium), currently is a Professor of Finance & Economics at The School of Business & Law at Edith Cowan University (ECU) in Australia. He is also an IETE fellow.

He began at Edith Cowan University as a visiting Professor in 2005. Prior to joining the university, he was a Professor of Economics & Finance at NUCB Graduate School of Commerce & Business in Nagoya, Japan, and Associate Professor at National University of Singapore (NUS).

He also held several visiting positions at universities in China, Japan, Korea, Macau, and South Australia. Zhaoyong was (Deputy) Director for the Centre for the Study of Transitional Economics (CSTE) at NUS, Director of Social Sciences Research Centre for Contemporary China (SSRCCC) at University of Macau, and Co-Director of FEMARC, School of Accounting, Finance & Economics, Edith Cowan University.

Zhaoyong has served as Guest Editor and edited (co-edited) 7 special issues with the prestigious international journals including North American Journal of Economics & Finance, Papers in Regional Science, Scottish Journal of Political Economy, The World Economy and so on.

He also held several consulting positions with international institutions including OECD, IDRC and Hanns Seidel Foundation (Germany).

ECU Research Themes

Theme Two: Society and Culture; Individual, economic, organisational, political and social transformation. As well as, Financial market and financial market integration

Awards and recognition

2015 - Deputy Vice-Chancellor’s Certificate of Excellence for Achieving the Highest Number of Research Outputs Within a Faculty

2014 - Deputy Vice-Chancellor’s Certificate of Excellence for Demonstrating Consistent and Sustained Research Excellence.

Professional associations
  • Guest Editor (with Professors D. Lien and K. Sato), The North American Journal of Economics and Finance (Elsevier). 2016-2017
  • Guest Editor (with Professor P. De Grauwe), Scottish Journal of Political Economy (John Wiley & Son). 2015-2016.
  • Member, Modelling and Simulation Society of Australia and New Zealand (MSSANZ)
  • Member, International Environmental Modelling and Simulation Society (IEMS)
  • Member, Asia-Pacific Economic Association (APEA)
  • Member, East Asian Economic Association (EAEA)
  • Member, Western Economic Association International (WEAI), USA

Qualifications

  • Doctor in Economics, Belgium, 1991.

Research Outputs

2023

Journal Articles

  • Li, B., Zhang, Z., Zhang, Z. (2023). The impact of the Belt and Road Initiative on green innovation and innovation modes: empirical evidence from Chinese listed enterprises. Frontiers in Environmental Science, 11(2023), article number 1323888. https://doi.org/10.3389/fenvs.2023.1323888.
  • Tsui, A., Wu, J., Zhang, Z., Zheng, Z. (2023). Forecasting term structure of the Japanese bond yields in the presence of a liquidity trap. Journal of Forecasting, 42(5), 1205-1227. https://doi.org/https://doi.org/10.1002/for.2952.

2022

Journal Articles

  • Aljonaid, N., Qin, F., Zhang, Z. (2022). The Heterogeneous Impact of Sectoral Foreign Aid Inflows on Sectoral Growth: SUR Evidence from Selected Sub-Saharan African and MENA Countries. Journal of Risk and Financial Management, 15(3), article number 107. https://doi.org/10.3390/jrfm15030107.
  • Sheng, L., Zhang, Z. (2022). Revisiting global imbalances: A comparative analysis of income and consumption inequality. Economics and Politics, 34(2), 382-390. https://doi.org/10.1111/ecpo.12202.

2021

Journal Articles

  • Ling, J., Tsui, A., Zhang, Z. (2021). Trading macro-cycles of foreign exchange markets using hybrid models. Sustainability, 13(17), Article number 9820. https://doi.org/10.3390/su13179820.
  • Tabibian, A., Zhang, Z., Mand, A. (2021). Stock Split Rule Changes and Stock Liquidity: Evidence from Bursa Malaysia. Journal of Risk and Financial Management, 14(9), Article number 406. https://doi.org/10.3390/jrfm14090406.
  • Zhang, A., Zhang, Z. (2021). CSR, Media and Stock Illiquidity: Evidence from Chinese Listed Financial Firms. Finance Research Letters, 41(July 2021), Article number 101809. https://doi.org/10.1016/j.frl.2020.101809.
  • Zhou, X., Zhang, A., Zhang, Z. (2021). How does news flow affect cross-market volatility spillovers? Evidence from China’s stock index futures and spot markets. International Review of Economics and Finance, 73(2021), 196–213. https://doi.org/10.1016/j.iref.2021.01.003.
  • Jiang, X., Shi, Y., Zhang, Z. (2021). Does US partisan conflict affect China’s foreign exchange reserves?. International Review of Economics and Finance, 75(September 2021), 21-33. https://doi.org/10.1016/j.iref.2021.03.025.
  • Choudhury, T., Scagnelli, SD., Yong, J., Zhang, Z. (2021). Non-Traditional Systemic Risk Contagion within the Chinese Banking Industry. Sustainability, 13(14), Article number 7954. https://doi.org/10.3390/su13147954.
  • Li, M., Qin, F., Zhang, Z. (2021). Short-Term Capital Flows, Exchange Rate Expectation and Currency Internationalization: Evidence from China. Journal of Risk and Financial Management, 14(5), Article number 223. https://doi.org/10.3390/jrfm14050223.
  • Qi, J., Liu, H., Zhang, Z. (2021). Exchange rate uncertainty and the timing of Chinese Outward Direct Investment. International Review of Economics and Finance, 76(November 2021), 1193-1204. https://doi.org/10.1016/j.iref.2019.11.008.
  • Li, B., Alleyne, A., Zhang, Z., Mu, Y. (2021). Sustainability and Waste Imports in China: Pollution Haven or Resources Hunting. Sustainability, 13(2), Article number 932. https://doi.org/10.3390/su13020932.

2020

Book Chapters

  • Ho, K., An, J., Zhang, Z. (2020). Size Matters After All: Evidence from the Chinese Stock Market. China's Rise and Internationalization Regional and Global Challenges and Impacts (237-249). World Scientific Pub Co Pte Lt. https://doi.org/10.1142/9789811212239_0009.
  • Long, H., Zhang, Z. (2020). Do the Rigorous Listing Requirements Matter for IPO Assessment in the Chinese Stock Market?. Current Strategies in Economics and Management Vol 4 (158-168). Book Publisher International. https://doi.org/10.9734/bpi/csem/v4.
  • Que, C., Zhang, F., Zhang, A., Zhang, Z. (2020). Trade Interdependence and Comparative Advantage Between China and Countries Along the Belt and Road. China's Rise and Internationalization Regional and Global Challenges and Impacts (37-65). World Scientific Pub Co Pte Lt. https://doi.org/10.1142/9789811212239_0003.

Journal Articles

  • Ho, K., Shi, Y., Zhang, Z. (2020). News and return volatility of Chinese bank stocks. International Review of Economics and Finance, 69(September 2020), 1095-1105. https://doi.org/10.1016/j.iref.2018.12.003.
  • Alleyne, A., Zhang, Z., Mu, Y. (2020). Sustaining international trade with China: Does ACFTA improve ASEAN export efficiency?. Sustainability, 12(15), Article number 6159. https://doi.org/10.3390/su12156159.
  • Tabibian, A., Zhang, Z., Jafarian, M. (2020). How Does Split Announcement Affect Stock Liquidity? Evidence from Bursa Malaysia. Risks, 8(3), Article number 85. https://doi.org/10.3390/risks8030085.
  • An, J., Ho, K., Zhang, Z. (2020). What drives the liquidity premium in the Chinese stock market?. The North American Journal of Economics and Finance, 54(November 2020), Article number 101088. https://doi.org/10.1016/j.najef.2019.101088.

2019

Journal Articles

  • Barratt-Pugh, L., Zhao, F., Zhang, Z., Wang, S. (2019). Exploring current Chinese higher education pedagogic tensions through an activity theory lens. Higher Education, 77(5), 831-852. https://doi.org/10.1007/s10734-018-0304-8.
  • Shen, X., Tsui, A., Zhang, Z. (2019). Volatility Timing in CPF Investment Funds in Singapore: Do They Outperform Non-CPF Funds?. Risks, 7(4), Article number: 106. https://doi.org/10.3390/risks7040106.
  • Vo, DH., Vo, AT., Zhang, Z. (2019). Exchange Rate Volatility and Disaggregated Manufacturing Exports: Evidence from an Emerging Country. Journal of Risk and Financial Management, 12(1), Article no.12. https://doi.org/10.3390/jrfm12010012.

2018

Journal Articles

  • Qi, J., Zhang, Z., Liu, H. (2018). Credit constraints and firm market entry decision: Firm-level evidence from internationalizing Chinese multinationals. The North American Journal of Economics and Finance, 46(November 2018), 272-285. https://doi.org/10.1016/j.najef.2018.04.012.
  • Tsui, A., Xu, CY., Zhang, Z. (2018). Macroeconomic forecasting with mixed data sampling frequencies: Evidence from a small open economy. Journal of Forecasting, 37(6), 666-675. https://doi.org/10.1002/for.2528.
  • Tabibian, A., Zhang, Z. (2018). Stock split announcement and return volatility: Evidence from Malaysia. Journal of Economic Research, 23(3), 265-290. https://ro.ecu.edu.au/ecuworkspost2013/5729.
  • Wang, C., Zhang, Z., Fei, X. (2018). Efficiency and Risk in Sustaining China’s Food Production and Security: Evidence from Micro-Level Panel Data Analysis of Japonica Rice Production. Sustainability, 10(4), article no.1282. https://doi.org/10.3390/su10041282.
  • Qin, F., Zhang, A., Zhang, Z. (2018). RMB Exchange Rates and Volatility Spillover across Financial Markets in China and Japan. Risks, 6(4), article no.120. https://doi.org/10.3390/risks6040120.
  • Ho, K., Shi, Y., Zhang, Z. (2018). Public information arrival, price discovery and dynamic correlations in the Chinese renminbi markets. The North American Journal of Economics and Finance, 46(November 2018), 168-186. https://doi.org/10.1016/j.najef.2018.04.005.
  • Zhang, A., Djajadikerta, H., Zhang, Z. (2018). Does sustainability engagement affect stock return volatility? Evidence from the Chinese financial market. Sustainability, 10(10), article number 3361. https://doi.org/10.3390/su10103361.

2017

Journal Articles

  • Ho, K., Shi, Y., Zhang, Z. (2017). Does news matter in China's foreign exchange market? Chinese RMB volatility and public information arrivals. International Review of Economics and Finance, 52(November 2017), 302-321. https://doi.org/10.1016/j.iref.2017.01.016.
  • Saha, S., Zhang, Z. (2017). Democracy-growth nexus and its interaction effect on human development: A cross-national analysis. Economic Modelling, 63(February 2017), 304–310. https://doi.org/10.1016/j.econmod.2017.02.021.

Conference Publications

  • Qi, JH., Zhang, Z., Liu, H. (2017). Modelling MNCs’ Market Entry Order Strategy: Evidence from China. MODSIM2017, 22nd International Congress on Modelling and Simulation (730-736). MSSANZ.
  • Li, M., Qin, F., Zhang, Z. (2017). Modelling RMB Internationalization and Impact on Capital Flow. MODSIM2017, 22nd International Congress on Modelling and Simulation (723-729). Modelling and Simulation Society of Australia and New Zealand.

2016

Book Chapters

  • Qin, F., Xu, T., Zhang, Z. (2016). Economic Cooperation and Interdependence Between China and ASEAN: Two to Tango?. Chinese Global Production Networks in ASEAN (255-288). Springer. https://doi.org/10.1007/978-3-319-24232-3_13.

Journal Articles

  • Saha, S., Zhang, Z. (2016). Exchange rate pass-through and inflation in Australia, China and India: A comparative study with disaggregated data. Journal of Economic Research, 21(1), 1-33.
  • Ho, K., Shi, Y., Zhang, Z. (2016). It takes two to tango: a regime-switching analysis of the correlation dynamics between the mainland Chinese and Hong Kong stock markets. Scottish Journal of Political Economy, 63(1), 41-65. https://doi.org/10.1111/sjpe.12110.
  • De Grauwe, P., Zhang, Z. (2016). The rise of China and regional integration in East Asia. Scottish Journal of Political Economy, 63(1), 1-6. https://doi.org/10.1111/sjpe.12107.

Conference Publications

  • Shaikh, A., Zhang, Z., Yong, J., Shah, UL. (2016). Impact of Microfinance on Poverty Alleviation in SAARC Countries. Proceedings of the ECU Business Doctoral and Emerging Scholars Colloquium (31 - 37). Edith Cowan University.
  • Ko, SZ., Zhang, Z., Horwitz, P., Djajadikerta, H. (2016). Charting directions for economic development in Myanmar: A computable general equilibrium (CGE) approach on high quality education in labour-growth strategy. 2016 Conference Papers 19th Annual Conference on Global Economic Analysis (1-24). Global Trade Analysis Project.
  • Barratt-Pugh, L., Zhao, F., Zhang, Z., Wang, S. (2016). The impact of an Australian study tour on the innovative practice of Chinese lecturers. Putting VET Research to Work: Proceedings of AVETRA 19th Annual Conference (Ab 24). Australian Vocational Education and Training Research Association.

2015

Book Chapters

Conference Publications

  • Ho, K., Shi, Y., Zhang, Z. (2015). Public News Flows and Chinese Renminbi: A Volatility Regime-Switching Analysis. A New Paradigm for International Business. Proceedings of the Conference on Free Trade Agreements and Regional Integration in East Asia (113-127). Springer. https://doi.org/10.1007/978-981-287-499-3_6.
  • Ling, J., Tsui, A., Zhang, Z. (2015). Forecast foreign exchange with both linear and non-linear models coupled with trading rules for selected currencies. MODSIM2015, 21st International Congress on Modelling and Simulation (1112-1118). Modelling and Simulation Society of Australia and New Zealand.
  • Djajadikerta, H., Zhang, A., Zhang, Z. (2015). The Perceptions and Challenges of Corporate Sustainability Reporting in China. A New Paradigm for International Business: Proceedings of the Conference on Free Trade Agreements and Regional Integration in East Asia (129-150). Springer. https://doi.org/10.1007/978-981-287-499-3_7.
  • Qi, J., Zhao, Y., Zhang, Z. (2015). An Empirical Study of the Impacts of Geographic and Cultural Distance on Chinese ODI. MODSIM2015, 21st International Congress on Modelling and Simulation (1119-1125). Modelling and Simulation Society of Australia and New Zealand.
  • Ho, K., Shi, Y., Zhang, Z. (2015). Price Discovery and Dynamic Correlations: The Case of the Chinese Renminbi Markets. A New Paradigm for International Business. Proceedings of the Conference on Free Trade Agreements and Regional Integration in East Asia (97-111). Springer. https://doi.org/10.1007/978-981-287-499-3_5.

2014

Book Chapters

Journal Articles

  • Long, L., Tsui, A., Zhang, Z. (2014). Conditional Heteroscedasticity with Leverage Effect in Stock Returns: Evidence from the Chinese Stock Market. Economic Modelling, 37(February), 89–102. https://doi.org/10.1016/j.econmod.2013.11.002.
  • Jayasinghe, P., Tsui, AK., Zhang, Z. (2014). New Estimates of Time-Varying Currency Betas: a trivariate BEKK approach. Economic Modelling, 42(3), 128-139. https://doi.org/10.1016/j.econmod.2014.06.003.
  • Jayasinghe, P., Tsui, AK., Zhang, Z. (2014). Exchange Rate Exposure of Sectoral Returns and Volatilities: Further evidence from Japanese industrial sectors. Pacific Economic Review, 19(2), 216-236. https://doi.org/10.1111/1468-0106.12061.
  • Long, A., Zhang, Z. (2014). High dividend rates can not contribute to long investment horizons: The Chinese evidence. Academy of Taiwan Business Management Review, 10(1), 66-73.
  • Long, A., Zhang, Z. (2014). The Chinese IPO examination mechanism affected by administrative factors: New evidence from rejected IPO firms. Journal of Economic Research, 19(2), 171-195.
  • Long, A., Zhang, Z. (2014). Examining IPO Success in the Emerging Growth Enterprise Market of China. Global Economics and Finance Journal, 7(2), 71-92.
  • Long, A., Zhang, Z. (2014). Listing Requirements Lose IPO-Screening Functions: Evidence from the Emerging Growth Enterprise Market of China. International Journal of Economics and Finance, 6(3), 29-36. https://doi.org/10.5539/ijef.v6n3p29.
  • Long, L., Tsui, AK., Zhang, Z. (2014). Estimating Time-Varying Currency Betas with Contagion: New Evidence from Developed and Emerging Financial Markets. Japan and the World Economy, 30(1), 10-24. https://doi.org/10.1016/j.japwor.2014.02.001.
  • Ho, K., Shi, Y., Zhang, Z. (2014). Volatility and Correlation Dynamics of the Mainland Chinese and Hong Kong Stock Markets: Evidence from the A-, B-, H- and Red Chip Markets. The Journal of Wealth Management, 17(2), 55-67. https://doi.org/10.3905/jwm.2014.17.2.055.

2013

Journal Articles

  • Saha, S., Zhang, Z. (2013). Do exchange rates affect consumer prices? A comparative analysis for Australia, China and India. Mathematics and Computers in Simulation, 93(1), 128–138. https://doi.org/10.1016/j.matcom.2012.11.002.
  • Ho, K., Tsui, AK., Zhang, Z. (2013). Conditional Volatility Asymmetry of Business Cycles: Evidence From Four OECD Countries. The Journal of Economic Development, 38(3), 33-56.
  • Kin-Yip, H., Yanlin, S., Zhang, Z. (2013). How does news sentiment impact asset volatility? Evidence from long memory and regime-switching approaches. The North American Journal of Economics and Finance, 26(December 2013), 436–456. https://doi.org/10.1016/j.najef.2013.02.015.
  • Vu Thanh , H., Albert K. , T., Zhang, Z. (2013). Measuring asymmetry and persistence in conditional volatility in real output: evidence from three East Asian tigers using a multivariate GARCH approach. Applied Economics, 45(20), 2909-2914. https://doi.org/10.1080/00036846.2012.687098.

Conference Publications

  • Shen, X., Tsui, AK., Zhang, Z. (2013). Modelling the volatility-timing of funds under CPF investment theme. MODSIM2013, 20th International Congress on Modelling and Simulation (1371-1377). Modelling and Simulation Society of Australia and New Zealand.
  • Tsui, A., Wu, J., Zhang, Z. (2013). Modelling the term structure of Japanese bond yields with the Nelson-Siegel model. MODSIM2013, 20th International Congress on Modelling and Simulation (1392-1398). Modelling and Simulation Society of Australia and New Zealand.
  • Tsui, A., Xu, C., Zhang, Z. (2013). Forecasting Singapore economic growth with mixed-frequency data. MODSIM2013, 20th International Congress on Modelling and Simulation (1399-1405). Modelling and Simulation Society of Australia and New Zealand.

2012

Journal Articles

  • Ho, K., Zhang, Z. (2012). Dynamic Linkages among Financial Markets in the Greater China Region: A Multivariate Asymmetric Approach. The World Economy, 35(4), 500-523. https://doi.org/10.1111/j.1467-9701.2012.01448.x.
  • Sohn, C., Tsui, A., Zhang, F., Zhang, Z. (2012). An Empirical Assessment of A-Share IPO Under-Pricing in China. Seoul Journal of Business, 18(1), 25-57.
  • Zhang, Z., Sato, K. (2012). Should Chinese Renminbi Be Blamed for Its Trade Surplus: A structural VAR Approach. The World Economy, 35(5), 632-650. https://doi.org/10.1111/j.1467-9701.2012.01438.x.
  • Ho, K., Zheng, L., Zhang, Z. (2012). Volume, Volatility and Information Linkages in the Stock and Option Markets. Review of Financial Economics, 21(4), 168-174. https://doi.org/10.1016/j.rfe.2012.06.001.
  • De Grauwe, P., Zhang, Z. (2012). Monetary Integration and Exchange Rate Issues in East Asia. The World Economy, 35(4), 397-404. https://doi.org/10.1111/j.1467-9701.2012.01442.x.
  • Sato, K., Shimizu, J., Shrestha, N., Zhang, Z. (2012). New Estimates of the Equilibrium Exchange Rate: The Case for the Chinese Renminbi. The World Economy, 35(4), 419-443. https://doi.org/10.1111/j.1467-9701.2012.01444.x.

Conference Publications

  • Saha, S., Zhang, Z. (2012). The Impact of the Interaction between Economic Growth and Democracy on Human Development: Cross-National Analysis. Human Development and Capability Association.

2011

Journal Articles

  • De Grauwe, P., Zhang, Z. (2011). Introduction Globalisation and Economic Integration in East Asia. International Journal of Business Studies (ECU), 19(1), 1-5.
  • Fei, P., Tsui, A., Zhang, Z. (2011). East Asian financial crisis revisited: What does a copula tell?. International Journal of Business Studies (ECU), 19(1), 29-51.
  • Sato, K., Zhang, Z., McAleer, M. (2011). Identifying shocks in regionally integrated East Asian economies with structural VAR and block exogeneity. Mathematics and Computers in Simulation, 81(7), 1353-1364. https://doi.org/10.1016/j.matcom.2010.06.009.
  • Zhao, J., Qi, Z., Zhang, Z. (2011). Improving technological capability of Beijing in the context of multinational R&D transfer. International Journal of Strategic Change Management, 3(1/2), 99-115.

Conference Publications

  • Ho, K., Zheng, L., Zhang, Z. (2011). Modeling Information Linkages in the Stock and Options Markets. MODSIM2011, 19th International Congress on Modelling and Simulation (1547-1553). Modelling and Simulation Society of Australia and New Zealand.
  • Ho, K., Ernst, B., Zhang, Z. (2011). Assessing the Dynamic Relationship Between Small and Large Cap Stock Prices. MODSIM2011, 19th International Congress on Modelling and Simulation (1554-1560). Modelling and Simulation Society of Australia and New Zealand.
  • Saha, S., Zhang, Z. (2011). Modelling Exchange Rate Pass-through in Australia, China and India. MODSIM2011, 19th International Congress on Modelling and Simulation (1582-1588). Modelling and Simulation Society of Australia and New Zealand.
  • Ho, K., Zhang, Z. (2011). Modeling the Fractional Integration in Volatility Between the Greater China Financial Markets. MODSIM2011, 19th International Congress on Modelling and Simulation (1540-1546). Modelling and Simulation Society of Australia and New Zealand.
  • Jayasinghe, P., Tsui, A., Zhang, Z. (2011). Modeling Time-Varying Currency Betas: New Evidence from the Selected Markets. MODSIM2011, 19th International Congress on Modelling and Simulation (1568-1574). Modelling and Simulation Society of Australia and New Zealand.
  • Jayasinghe, P., Tsui, A., Zhang, Z. (2011). Modeling exchange rate exposure in the Japanese industrial sectors. MODSIM2011, 19th International Congress on Modelling and Simulation (1561-1567). Modelling and Simulation Society of Australia and New Zealand.
  • Yin, Z., Tsui, A., Zhang, Z. (2011). Modeling the Conditional Heteroscedasticity and Leverage Effect in the Chinese Stock Markets. MODSIM2011, 19th International Congress on Modelling and Simulation (1338-1344). Modelling and Simulation Society of Australia and New Zealand.
  • Ho, K., Tsui, A., Zhang, Z. (2011). Modeling the Conditional Volatility Asymmetry of Business Cycles in Four OECD Countries: A Multivariate GARCH Approach. MODSIM2011, 19th International Congress on Modelling and Simulation (1533-1539). Modelling and Simulation Society of Australia and New Zealand.

2010

Conference Publications

  • Tsui, A., Zhang, Z. (2010). Revisiting the 1997 Asian Financial Crisis: A Copula Approach. Globalization, monetary integration and exchange rate regimes in East Asia (31p.). Edith Cowan University.
  • Sato, K., Shimizu, J., Shrestha, N., Zhang, Z. (2010). Equilibrium Exchange Rate of Asian Currencies: the Chinese Renminbi. Globalization, Monetary Integration and Exchange Rate Regimes in East Asia (26p.). Edith Cowan University.
  • Ho, K., Zhang, Z. (2010). Financial Market Integration in the Greater China Region: A Multivariate Asymmetric Approach. Globalization, monetary integration and exchange rate regimes in East Asia (65p.). Edith Cowan University.

2009

Journal Articles

  • Ho, K., Tsui, AK., Zhang, Z. (2009). Volatility dynamics of the US business cycle: A multivariate asymmetric GARCH approach. Mathematics and Computers in Simulation, 79(9), 2856-2868.
  • Sato, K., Zhang, Z., Allen, D. (2009). The suitability of a monetary union in East Asia: What does the cointegration approach tell?. Mathematics and Computers in Simulation, 79(9), 2927-2937.
  • Ho, K., Tsui, AK., Zhang, Z. (2009). Volatility Dynamics of the UK Business Cycle: A Multivariate Asymmetric GARCH Approach. Economie Internationale, 117(1), 31-46.

Conference Publications

  • Zhang, Z., Sato, K. (2009). How Effective Is The Renminbi Devaluation On China’s Trade Balance. Proceedings of the 18th World IMACS Congress and MODSIM09 International Congress on Modelling and Simulation (1370-1376). Modelling and Simulation Society of Australia and New Zealand.
  • Hai, V., Tsui, A., Zhang, Z. (2009). Real GDP growth rates of Singapore, Taiwan and Hong Kong: An asymmetric multivariate GARCH approach. Proceedings of the 18th World IMACS Congress and MODSIM09 International Congress on Modelling and Simulation (1140-1146). Modelling and Simulation Society of Australia and New Zealand.
  • Sato, K., Zhang, Z., McAleer, M. (2009). The Effect of External Shocks on Macroeconomic Fluctuations: Implications for a Monetary Union in East Asia. Proceedings of the 18th World IMACS Congress and MODSIM09 International Congress on Modelling and Simulation (1349-1355). Modelling and Simulation Society of Australia and New Zealand.

2008

Journal Articles

  • Zhang, Z., Sato, K. (2008). Whither A Currency Union in Greater China?. Open Economies Review, 19(3), 355-370.
  • Zhang, Z., Sato, K., McAleer, M. (2008). Is Greater China a currency union? A tale of the Chinese trio. Mathematics and Computers in Simulation, 78(2-3), 319-327.

2007

Journal Articles

  • Ho, K., Tsui, A., Zhang, Z. (2007). An analysis of the conditional volatility dynamics of the Australian Business Cycle. Journal of Economic Development, 12(2), 157-182.

Conference Publications

  • Ho, K., Tsui, A., Zhang, Z. (2007). Modelling Volatility Asymmetry of Business Cycles in the US. Modsim 07 (933-939). the UC Print, University of Canterbury.
  • Sato, K., Allen, D., Zhang, Z. (2007). A Monetary Union in East Asia: What Does the Common Cycles Approach Tell?. MODSIM07 : International Congress on Modelling and Simulation : Land, water & environmental management : integrated systems for sustainability (1007-1013). Modelling and Simulation Society of Australia and New Zealand.

2006

Books

  • Liu, JH., Zhang, Z. (2006). On Singapore’s Taxation System. Comparative Studies Series of Foreign Country Taxation Systems, 299. China Financial and Economic Publishing House.

Journal Articles

  • Zhang, Z., Li, C. (2006). Country-specific factors and the pattern of intra-industry trade in China's manufacturing. Journal of International Development, 18(8), 1137-1149.
  • De Grauwe, P., Zhang, Z. (2006). Introduction: Monetary and Economic Integration in the East Asian Region. The World Economy, 29(12), 1643-1647.
  • Sohn, C., Zhang, Z. (2006). How Intra-Industry Trade is Related to Income Difference and Foreign Direct Investment in East Asia. Asian Economic Papers, 4(3), 143-156.
  • Sato, K., Zhang, Z. (2006). Real output co-movements in East Asia: Any evidence for a monetary union?. The World Economy, 29(12), 1671-1689.

2005

Journal Articles

  • Zhang, Z. (2005). Intra-Industry trade Dynamics of China's Manufacturing Sector. The Ritsumeikan Journal of Asia Pacific Studies, 15, 83-102.
  • Thorpe, M., Zhang, Z. (2005). Study of the measurement and determinants of intra-industry trade in East Asia. Asian Economic Journal, 19(2), 231-247.
  • Sohn, C., Zhang, Z. (2005). How intra-industry trade is related to income difference and foreign direct investment in east Asia. Asian Economic Papers, 4(3), 143-156.

Conference Publications

  • Sato, K., Zhang, Z. (2005). Real Output Co-movements in East Asia: A Cointegration Approach. MODSIM 2005 International Congress on Modelling and Simulation (2869-2875). Modelling and Simulation Society of Australia and New Zealand.
  • Sato, K., Zhang, Z., McAleer, M. (2005). Towards an East Asian Monetary Union: An Econometric Analysis of Shocks. MODSIM 2005 International Congress on Modelling and Simulation (946-952). Modelling and Simulation Society of Australia and New Zealand.

2004

Journal Articles

  • Zhang, Z., Sato, K., McAleer, M. (2004). Is a monetary union feasible for East Asia?. Applied Economics, 36(10), 1031-1043.
  • Zhang, Z., Sato, K., McAleer, M. (2004). Asian Monetary Integration: A Structural VAR Approach. Mathematics and Computers in Simulation, 64(3-4), 447-458.

2003

Journal Articles

  • Zhang, Z., Xu, X., Zhang, W. (2003). The Dynamics of Political and Economic Interactions Between Mainland China and Taiwan. Papers in Regional Science, 82(3), 373-388.
  • Zhang, Z. (2003). Can the Rest of East Asia Catch Up with Japan: Some Empirical Evidence. Japan and the World Economy, 15(1), 91-110.

Conference Publications

  • Sato, K., Zhang, Z., McAleer, M. (2003). Shocking Aspects of East Asian Monetary Integration: an Optimum Currency Area Approach. Integrative Modelling of Biophysical, Social and Economic Systems for Resource Management Solutions : Proceedings of the International Conference on Modelling and Simulation (1409-1415). Modelling and Simulation Society of Australia and New Zealand Inc..

Research Projects

  • Partisan Conflict, Foreign Exchange Reserves and Cross-Market Volatility Spillovers in China and Japan, The Sumitomo Foundation, Grant to Funders, 2021 ‑ 2024, $12,043.
  • Adequacy of Road Freight Transport Network to Support the Freight Task in Australia’s North West now and into the future, iMOVE Australia Limited, iMOVE CRC, 2022 ‑ 2024, $193,680.
  • Volatility Spillovers between Stock and Exchange Rate Markets: Evidence from China and Japan, The Sumitomo Foundation, Fiscal 2017 Grant for Japan-Related Research Projects, 2018 ‑ 2020, $12,162.
  • Chinese Renminbi (RMB) Internationalisation and Its Impacts on Japanese Financial Markets and Trade, The Sumitomo Foundation, Fiscal 2014 Grant, 2015 ‑ 2017, $7,490.
  • An international comparison of the linkages between commercial property indices and Real Estate Investment Trusts, Accounting and Finance Association of Australia and New Zealand, AFAANZ - Grant, 2014 ‑ 2015, $10,000.
  • How Do Exchange Rates Affect Import and Domestic Prices in China and Japan? A Study of Exchange Rate Pass-Through Across Country at Industry Level, The Sumitomo Foundation, Fiscal 2012 Grant, 2013 ‑ 2014, $6,686.
  • Is the Chinese Currency Overvalued or Undervalued? An Empirical Assessment of the Renminbi Equilibrium Exchange Rate and China's Foreign Exchange Rate Policy, The Masayoshi Ohira Memorial Foundation, Pacific Basin Academic Grant, 2009 ‑ 2012, $14,395.
  • Modelling the Equilibrium Exchange Rates in East Asia and Assessing the East Asian Regional Foreign Exchange Regime, Japanese Society for the Promotion of Science, Grant, 2009 ‑ 2011, $128,998.
  • Revaluation of Renminbi and China's Foreign Exchange Rate Policy, International Centre for the Study of East Asian Development, Grant, 2007 ‑ 2008, $5,699.

Research Student Supervision

Current Supervisions

Principal Supervisor

  • Doctor of Philosophy, Market Efficiency and Volatility Dynamics in China's Financial Markets

Completed Supervisions

Principal Supervisor

  • China's Energy Industry Reform and FDI
  • The Prospects for Monetary Integration in East Asia
  • An assessment of China's export growth in association with economic reform
  • Trade Policy on Automobiles in Vietnam: Options and Analyses
  • Overlapping Generations Model with Capital Accumulation and Division of Labor
  • Financial Market Development in China and East Asia
  • Empirical Study of China?s Economic Growth and Convergence Across Regions
  • Doctor of Philosophy, How to exit successfully via ipos: An insight into the listing requirements of the emerging growth enterprise market of China.
  • Doctor of Philosophy, Narrowing income disparities as policy priority for inclusive economic growth: An applied computable general equilibrium (cge) approach on urban and non-urban industries in myanmar
  • Master of Business by Research, Impact of macroeconomic and monetary policy uncertainty shocks on economic growth - An empirical study of Pakistan
  • Doctor of Philosophy, Regulatory Capital, Liquidity Creation, Bank Characteristics and Profitability: Evidence from Developed and Developing Countries

Co-principal Supervisor

  • Doctor of Philosophy, Users' perceptions of the drivers of corporate sustainability disclosures made by Chinese listed companies.

Associate Supervisor

  • Singapore-India Economic Relations in the Context of Their Globalization Strategies
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