China declined during the past decade, despite these reforms. In this paper, we show both empirically and theoretically that … operating in China during 1996-2008, we show that competition actually increased in the past decade when the PE indicator is … specifications and estimation methods. All in all, our analysis suggests that bank lending markets in China have been more …

The recent increase in China's house prices at the national level masks tremendous variation at the city level – a … feature largely overlooked in the macroprudential literature. This paper measures the evolving heterogeneity in China's house … China's city-level housing price synchronization. The estimates indicate an increasing synchronization leading up to 2015 …