In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long …-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China …-)escalate once global and domestic economic conditions normalise. Third, the fundamental factors underpinning growth in China are …

The aim of this paper is to assess the level of competition prevailing in the Spanish banking system. The current …

Since the 1980s, important and progressive reforms have profoundly reshaped the structure of the Chinese banking system … China declined during the past decade, despite these reforms. In this paper, we show both empirically and theoretically that … operating in China during 1996-2008, we show that competition actually increased in the past decade when the PE indicator is …

deposits and for more X-efficient banks. In addition, a less concentrated banking system increases bank profitability, which … basically reflects that the four state-owned commercial banks -China’s largest banks- have been the main drag for system …’s profitability. We find the same negative influence for China’s development banks (so called Policy Banks), which are fully state …

of the efficiency of banking intermediation. In this paper we estimate the productivity of individual Spanish banks and … growth: banking practices that have been signalled as the proximate causes of the crisis, and technical progress in the …

economies banking systems. Financial integration could experience a structural change in these trends persist. Before the crisis …’ international expansion through independent banking subsidiaries. As a side effect, banks cross-border retrenchment could foster …