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The purpose of this paper is to verify experimentally the possibility and the degree of persistence of a self-fulfilling bank panic. Furthermore, we test various means to prevent or to curb it: the suspension of deposit convertibility, the "narrow banking" solution. We confirm the possibility of...
Persistent link: https://www.econbiz.de/10008790990
The academic literature has regularly argued that market discipline can support regulatory authority mechanisms in ensuring banking sector stability. This includes, amongst other things, using forward-looking market prices to identify those credit institutions that are most at risk of failure....
Persistent link: https://www.econbiz.de/10008794740
The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but also on the whole financial system. The regulator principal objective is to set banks' capital requirements equal to international minimum standards in order to mimimise systemic...
Persistent link: https://www.econbiz.de/10010899303
towards China's decentralization of environment policy implementation as well as its fiscal arrangements. …
Persistent link: https://www.econbiz.de/10009651572
Since the inception of economic reforms, China in 1978 and Vietnam in 1986, both countries have become successful … between China and Vietnam?" through a comparative study of the FDI determinants. In other words, this paper revisits the … determinants of FDI into China and Vietnam by employing an augmented gravity model and using a panel dataset containing information …
Persistent link: https://www.econbiz.de/10009651580
R&D and innovation have become much more strategic than ever before for the growth of China as well as for its global … perspective explaining the legacy of the past in today's choices. In the second part, we illustrate China's catching up strategy …
Persistent link: https://www.econbiz.de/10009654257
rural household survey conducted in Wuwei county (Anhui province, China) in 2008. We apply two complementary approaches : a …
Persistent link: https://www.econbiz.de/10009323941
This paper analyzes the changes in public-private sector earnings differentials for local residents in urban China …
Persistent link: https://www.econbiz.de/10009323945
The chapter describe the global value chain of China made jeans trousers. It shows the relation between the different …
Persistent link: https://www.econbiz.de/10009402082
Mirando los actos y hablando con los diferentes actores (empresarios chinos y occidentales, obreros, poderos politicos, sindicalistas)
Persistent link: https://www.econbiz.de/10009402086