credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …

to the taxation of entrepreneurs in transition economies. …

Three main features characterize the international financial integration of China and India. First, while only having a … small global share of privately-held external assets and liabilities (with the exception of China’s FDI liabilities), these … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …

The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …

development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …

In 1994, China began a profound reform of its state-owned enterprises (SOE). We first describe and characterize this …