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 …

informational shocks that erode rent-seeking opportunities. Using a new loan-level database for China, we find that collateral … risks. To our knowledge, our paper is the first to investigate the determinants of collateral for China using loan …

transactions in China. Difference-in-differences test show firms operating with ex-ante more movable assets expand access to bank … structure in China. We conduct explicit robustness tests for these other reforms and hence contribute to the empirical … literature on the reform process in China with new findings …

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 …