Cross-border bank flows are experiencing a protracted contraction after the global financial crisis, in stark contrast …, it was defined by large cross-border bank flows. The current trend could imply a growing relevance of banks …

, has started a reform process based on three main pillars: (i) bank restructuring, through the cleaning-up of non … desired structure of the Chinese banking system. Bank recapitalization should be completed immediately, not only to ensure … bank soundness, but also to increase profitability, which could be affected negatively as competition increases with full …