by the economic geography literature, this paper uses instruments derived from topographical characteristics to estimate …

Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing …

explaining China''s and India''s growth. Specific financial sector policies are shown to map well the size and changes in the … investment wedge. In the case of China, nonperforming loans, borrowing constraints, and uncertainty over changes in government … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …

view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and …

, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more …

Recent changes to China''s financial system, in particular ongoing interest rate liberalization, gradual movement …