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Rise of Bank Competition : Evidence from Banking Deregulation in China
Gao, Haoyu; Ru, Hong; Townsend, Robert M.; Yang, Xiaoguang - 2023
Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local …
Persistent link: https://www.econbiz.de/10014256421
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The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China
Aizenman, Joshua - 2015
China in the coming years. China had been a prime example of exported growth, benefiting from learning by doing, and by …, and the Global Financial Crisis forced China toward rebalancing, which is a work in progress. Reflecting on the …
Persistent link: https://www.econbiz.de/10013028538
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China's Financial System : Opportunities and Challenges
Allen, Franklin - 2012
We provide a comprehensive review of China's financial system, and explore directions of future development. First, the … resources in the economy has been limited and ineffective. We discuss issues related to the further development of China's stock … China are those that reduce the likelihood of damaging financial crises, including a banking sector crisis, a real estate or …
Persistent link: https://www.econbiz.de/10013110934
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Were the Nigerian Banking Reforms of 2005 a Success ... And for the Poor?
Cook, Lisa D. - 2011
The Nigerian banking system was in crisis for much of the 1990's and early 2000's. The reforms of 2005 were ambitious in simultaneously attempting to address safety, soundness, and accessibility. This paper uses published and new survey data through 2008 to investigate whether bank consolidation...
Persistent link: https://www.econbiz.de/10013128269
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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2012
With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important...
Persistent link: https://www.econbiz.de/10013107224
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Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms
Mitchener, Kris James - 2013
This essay examines how the Banking Acts of the 1933 and 1935 and related New Deal legislation influenced risk taking in the financial sector of the U.S. economy. The analysis focuses on contingent liability of bank owners for losses incurred by their firms and how the elimination of this...
Persistent link: https://www.econbiz.de/10013085120
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Financial Reforms and Capital Flows : Insights from General Equilibrium
Martin, Alberto; Ventura, Jaume - 2021
As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge enough future profits to their creditors and this constrains the financing they can raise. Many have argued that, by relaxing these credit constraints, reforms that strengthen...
Persistent link: https://www.econbiz.de/10013225009
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Liberty for More : Finance and Educational Opportunities
Levine, Ross - 2013
Banking reforms--that reduced interest rates--boosted college enrollment rates among able students from middle class families. We define "able" students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define "middle class" as families in which both parents...
Persistent link: https://www.econbiz.de/10013076856
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The Liquidation of Government Debt
Reinhart, Carmen M. - 2011
Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive...
Persistent link: https://www.econbiz.de/10013128286
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Transition to FDI Openness : Reconciling Theory and Evidence
McGrattan, Ellen R. - 2011
Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is consistent with theory if countries are in transition to FDI...
Persistent link: https://www.econbiz.de/10013130264