1. Budget deficit financing : a general review -- 2. The role of fiscal policies in the German hyperinflation : how unpleasant was the monetary arithmetic? -- 3. War, money and inflation : lessons from three revolutionary episodes -- 4. The importance of central bank independence / Richard C.K....

More than half of the assets in China's banking system are accounted for by four huge state-owned commercial banks. This paper examines the changing factors influencing these banks' lending behavior over the post-1994 period on a province-by-province basis. Determinants include the concentration...