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The aim is to review transition literature for evidence that supports sequential reform strategy, as presented in this report. The second part discusses the findings in the context of Azerbaijan, a formerly socialist transition economy with interesting initial conditions. Evidence of the...
Persistent link: https://www.econbiz.de/10005190681
The purpose of this paper is to carefully assess the size of public sector within the Russian banking industry. We identify and classify at least 78 state-influenced banks. For the state-owned banks, we distinguish between those that are majority-owned by federal executive authorities or Central...
Persistent link: https://www.econbiz.de/10008563373
in China is not explained simply by factor input accumulation. …
Persistent link: https://www.econbiz.de/10004969818
China’s local government debt (LGD) has recently become the focus of economic policy debates. However, information … investigation of the impact of China’s LGD on economic growth. It is probably the first of its kind to focus on China and thus … assessment of LGD in China’s regional economies, using recently released auditing statistics and other available secondary …
Persistent link: https://www.econbiz.de/10011098218
the experience of China, an economy undergoing dramatic institutional change in the last 20 years with rich variation in …
Persistent link: https://www.econbiz.de/10011267943
We summarize previous research on China’s business cycle correlation with other countries with the help of meta … confirm that especially Pacific Rim countries have relatively high business cycle correlation with China. However, it appears …
Persistent link: https://www.econbiz.de/10011204440
sector in mainland China by means of a nonlinear stochastic general equilibrium (DSGE) model with occasionally binding …, tighter regulation of interest rates in the commercial banking sector in China leads to an increase in loans provided by the …
Persistent link: https://www.econbiz.de/10011204441
This paper focuses on monetary policy in China. A set of different specifications for the monetary policy reaction … of China have come to place more weight on price-based instruments. A time-varying estimation procedure suggests that the …
Persistent link: https://www.econbiz.de/10011204442
This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling … key policy challenge in China in the years to come. …
Persistent link: https://www.econbiz.de/10011184639
We use data from the World Bank Global Findex database for 2011 to analyze financial inclusion in China, including … comparisons with the other BRICS countries. We find a high level of financial inclusion in China manifested by greater use of … voluntary. The use of formal credit is however less frequent in China than in the other BRICS. Borrowing through family or …
Persistent link: https://www.econbiz.de/10010818552