English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

It is generally believed that deleveraging is the main cause of the serious liquidity crisis in the Chinese stock market in 2015. Using the real data of Chinese stock market, this paper shows that crash risk of stock market during deleveraging can be reduced by allowing short selling, and short-selling restriction is the real cause of the liquidity crisis of the Chinese stock market. Keywords—Liquidity crisis; Deleveraging; Short selling

Impact of Deleveraging on the Liquidity Crisis of China's Stock Market