AbstractThisstudyexamineswhetherbanks’liabilitystructuremattersfortheirrisktaking.Usingathree-periodmodel,wearguethatahighdepositratiolowersbanks’monitoringeffortduetoalowliquidityrisk,causingbanks’risktakingtobegreater.TakingtheintroductionofMacroPrudentialAssessment(MPA)into...

It has been widely argued that China has prepared for launching cyberwarfare against the United States for long time. There are two reasons for this. First, the revolution of cyber technology changed the offense-defense balance, which will lead to frequent cyber conflicts.

With the increase of social complexity and uncertainty, wicked problems have become the hot and difficult issues in the frontier research of public policy. The concept of wicked problems was proposed in the 1960s. Since then, it has gradually spread to many disciplines, such as e...

SARS-CoV-2 infection causes most cases of severe illness and fatality in older age groups. Over 92% of the Chinese population aged ≥12 years has been fully vaccinated against COVID-19 (albeit with vaccines developed against historical lineages). At the end of October 2021, the v...

The European Union is now pushing forward a digital transformation strategy. The strategy, coupled with the implementation of a series of measures, will affect the digital relationship between China and the EU in the following three aspects.