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Is Finance Good for Growth? New Evidence from China
Chen, Jingzhu; Ji, Yuemei - 2022
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013427668
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Is Finance Good for Growth? New Evidence from China
Chen, Jingzhu; Ji, Yuemei - 2022
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10014078671
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Judicial Efficiency and Banks Credit Risk Exposure
Canzian, Giulia; Ferrara, Antonella Rita - 2021
We exploit the outset of a regulation seeking to improve judicial efficiency through the rearrangement of courts’ geography in Italy to provide causal evidence on the relationship between judiciary structural reforms and banks financial stability. To this end, we apply a...
Persistent link: https://www.econbiz.de/10012581993
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Tech in Fin before FinTech: Blessing or Curse for Financial Stability?
Pierri, Nicola; Timmer, Yannick - 2020
Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders' information technology adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a novel dataset that provides information on hardware...
Persistent link: https://www.econbiz.de/10012179866
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The empirics of China's outward direct investment
Cheung, Yin-Wong; Qian, Xingwang - 2009
We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China … developed and developing countries, there is evidence that a) both market seeking and resources seeking motives drive China …'s ODI, b) the Chinese exports to developing countries induce China's ODI, c) China's international reserves promote its ODI …
Persistent link: https://www.econbiz.de/10010264615
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Understanding PRC Investment Statistics
Holz, Carsten A. - 2020
Investment statistics of the People's Republic of China are a source of many puzzles. Some investment data are of …
Persistent link: https://www.econbiz.de/10012841136
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The Unfinished Business of State-Owned Enterprise Reform in the People's Republic of China
Holz, Carsten A. - 2019
This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After …
Persistent link: https://www.econbiz.de/10012867873
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Banking regulation and prompt corrective action
Freixas, Xavier; Parigi, Bruno Maria - 2007
We explore the rationale for regulatory rules that prohibit banks from developing some of their natural activities when their capital level is low, as epitomized by the US Prompt Corrective Action (PCA). This paper is built on two insights. First, in a moral hazard setting, capital requirement...
Persistent link: https://www.econbiz.de/10010264241
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The price of liquidity: bank characteristics and market conditions
Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - 2009
We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique to this paper, we also have data on individual banks' reserve requirements and actual reserve holdings, thus allowing us to gauge the extent to which a bank is short or long...
Persistent link: https://www.econbiz.de/10010264580
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Demographic change and bank profitability: empirical evidence from German savings banks
Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010
, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking …
Persistent link: https://www.econbiz.de/10010271784