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findings. First, acquiring firms did not gain from their acquisitions. Second, acquirers with stronger bank ties experienced … larger wealth loss than those with weaker bank ties. These results are consistent with the hypothesis that banks played a …
Persistent link: https://www.econbiz.de/10010729579
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
China's fuzzy corporate governance rules (whether hard or soft) do not help company managers, government officials and …
Persistent link: https://www.econbiz.de/10011789071
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10011277005
distress. We build the first comprehensive dataset on China's overseas bailouts between 2000 and 2021 and provide new insights … by the People's Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in … together, China's overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …
Persistent link: https://www.econbiz.de/10014250123
This paper traces the history of China’s development co-operation system and looks into its practices, touching upon …
Persistent link: https://www.econbiz.de/10014491396
Purpose–In spite of being the second largest recipient of foreign direct investment (FDI) in the world, China shows … benefits of FDI on growth in China. Design/methodology/approach–The author applies Blundell-Bond system GMM estimators to a … benefits from FDI in China, domestic financial reforms are crucial. This is an important perspective for making FDI policies …
Persistent link: https://www.econbiz.de/10010565825
Risk characteristics of the Korean financial market have changed dramatically during the decade following the financial crisis in 1997. First of all, credit risk in the large corporate sector has decreased significantly after turmoil in the corporate bond market in 1999 and 2000. Second, credit...
Persistent link: https://www.econbiz.de/10003749384
This paper examines the optimal design of and interaction between capital and liquidity regulations in a model characterized by fire sale externalities. In the model, banks can insure against potential liquidity shocks by hoarding sufficient precautionary liquid assets. However, it is never...
Persistent link: https://www.econbiz.de/10011500208
Bank branch density, defined as the number of bank branches to total deposits, has significantly declined over the past …
Persistent link: https://www.econbiz.de/10014322849