DocumentCode
2170004
Title
Notice of Retraction
The Structural Characteristics of Liquidity and Its Impact on Economy
Author
Yang Qin
Author_Institution
Sch. of Manage., China Univ. of Min. & Technol., Xuzhou, China
fYear
2009
fDate
20-22 Sept. 2009
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
As showed in the empirical study, liquidity of China has obvious structural characteristics, which is reflected by excess liquidity in virtual economy along with deficient liquidity in real economy, as well as coexistence of asset bubbles and insufficient domestic demand. Under the circumstance of irrational expectancy, virtual economy has pump-priming effect with coexistence of prosperity and depression. We should be alert of the emergency of depression against the background of excess liquidity, as the virtual economy would also be depressed when expectation changed.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
As showed in the empirical study, liquidity of China has obvious structural characteristics, which is reflected by excess liquidity in virtual economy along with deficient liquidity in real economy, as well as coexistence of asset bubbles and insufficient domestic demand. Under the circumstance of irrational expectancy, virtual economy has pump-priming effect with coexistence of prosperity and depression. We should be alert of the emergency of depression against the background of excess liquidity, as the virtual economy would also be depressed when expectation changed.
Keywords
economics; investment; virtual enterprises; virtual reality; asset bubbles; domestic demand; liquidity; real economy; virtual economy; Aggregates; Asset management; Dictionaries; Economic indicators; Equations; Finance; Industrial economics; Loans and mortgages; Technology management; Velocity measurement;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4638-4
Type
conf
DOI
10.1109/ICMSS.2009.5304637
Filename
5304637
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