This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi …-natural experiment the establishment of city commercial banks (CCBs) in China. Based on more than three million corporate financial … % increase in debt funding and more than 100-basis-point drop in interest costs despite their inferior credit quality. The debt …

liquidity creation and perform estimations on a large set of Russian banks. Our findings suggest that the introduction of the … change the negative sign of the relationship. The implication is that better capitalized banks tend to create less liquidity …

​This paper examines the governance role of banks in replacement of underperforming CEOs in firms listed on Chinese … forced CEO turnover in private firms, especially where joint-equity banks serve as the main lenders to the firm. There is no … similar increase in the probability of a CEO turnover for state-owned firms or firms that borrow mainly from state-owned banks …

The rise of city commercial banks (CCBs) in Chinese cities provides a unique opportunity to study the finance and … growth nexus at the city level. Given the notorious inefficiency of China's "Big Four" state banks, policymakers attempted to … stems from the ability of firms to bribe local government officials to obtain credit from their local CCBs. In our proposed …

creation and perform estimations on a large set of Russian banks. Our findings suggest that the introduction of the deposit … negative sign of the relationship. The implication is that better capitalized banks tend to create less liquidity, which …

Chinese banks likely have more non-performing loans (NPLs) than officially reported. As hidden NPLs earn no interest … income, loan quality problems may erode the gross interest income of banks. Using stochastic frontier analysis, we estimate … the interest income of a hypothetical profit-maximis-ing Chinese bank with no credit quality problems. Taking the …

This paper provides micro and macroeconomic analysis of the economic role of banks in the Russian economy.Using a large … financing.Econometric model put out the existence of liquidity providing activity of Russian banks.Even though the overall … time series econometric analysis. Bank credit appears to be a significant factor in explaining the non-payment dynamics and …

Chinese provinces over the period 1995-2003, we assess the impact of banks and non-bank financial institutions on local … economic growth. We argue that banks have had a larger impact than non-banks on local economic growth as they benefited earlier …