Using proprietary individual level loan data, this paper explores the economic consequences of the 2009 bank entry … deregulation in China. Such deregulation leads to higher screening standards, lower interest rates, and lower delinquency rates for … corporate loans from entrant banks. Consequently, in deregulated cities, private firms with bank credit access increase asset …

data through 2008 to investigate whether bank consolidation and other measures achieved their stated goals and whether they …

degrees of dependence on external financing or access to capital. However, because regulations affecting bank entry varied … sector. Regulations on bank entry and other banking market characteristics thus appear to exert an independent influence on …

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … quantitatively more important than geographical diversification for bank stability in the 1920s and 1930s …

Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several … commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need … to evaluate these risks within China's unique economic and financial systems, in which the state and non-state sectors …

China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the … recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate … China's financial system. While early work on China's financial system emphasizes the state-owned enterprise (SOE) reform …

quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship …, but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The paper presents …