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Lucas (1976) argued that interventionist policies in macroeconomics may fail because the policies themselves affect the optimal behavior of private agents and hence the associated response parameters. We extend Lucas's argument and propose that a highly controlled and regulated environment leads...
Persistent link: https://www.econbiz.de/10009365515
markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …
Persistent link: https://www.econbiz.de/10009365400
markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …
Persistent link: https://www.econbiz.de/10009365446
Persistent link: https://www.econbiz.de/10009363702
central and local government has a tradition of thousands year in China and still plays an important role in the formation and … evolution of Chinas economic system. Section VI looking into the future and summarizes the remaining tasks for China to … accomplish in the near future in order to sustain high economic growth and social stability. We argued that China is facing an …
Persistent link: https://www.econbiz.de/10009363716
banking performance in four Asian economies : the People's Republic of China (PRC); Hong Kong, China; Singapore; and Taipei,China …. Both the PRC and Hong Kong, China operate under a fragmented financial regulatory structure, while Singapore and Taipei,China … fragmented financial regulatory structure is not worse than under integrated regulation. This implies that financial regulatory …
Persistent link: https://www.econbiz.de/10009363823
China has become the world’s third largest outward investor, behind the United States and Japan. A growing body of …
Persistent link: https://www.econbiz.de/10011134328
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty … People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for … remind ourselves of the importance of keeping the balance between enhanced regulation and promoting financial innovationâ …
Persistent link: https://www.econbiz.de/10009652192
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty … People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for … remind ourselves of the importance of keeping the balance between enhanced regulation and promoting financial innovationâ …
Persistent link: https://www.econbiz.de/10009652205
This paper provides a theoretical framework of dispute settlement to explain the surge in blocking incidence of GATT panel reports during the 1980s and the variations in withdrawn incidence versus total disputes across different decades of the GATT regime. The study first suggests the role of...
Persistent link: https://www.econbiz.de/10009365115