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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

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

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

Financial Sector Regulation and Reforms in Emerging Markets : An Overview

Prasad, Eswar S. - 2010

This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...

Persistent link: https://www.econbiz.de/10013137321

Durable Financial Regulation : Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

Nakamura, Leonard I. - 2011

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It specifically describes a potentially large macro-micro database for the U.S. based on an extended version of the Flow of Funds. I argue that such a database would have been of...

Persistent link: https://www.econbiz.de/10013125587

Predatory Short Selling

Brunnermeier, Markus K. - 2013

Financial institutions may be vulnerable to predatory short selling. When the stock of a financial institution is shorted aggressively, leverage constraints imposed by short-term creditors can force the institution to liquidate long-term investments at fire sale prices. For financial...

Persistent link: https://www.econbiz.de/10013074650

The Great Reversals : The Politics of Financial Development in the 20th Century

Rajan, Raghuram G. - 2010

We show that the development of the financial sector does not change monotonically over time. In particular, we find that by most measures, countries were more financially developed in 1913 than in 1980 and only recently have they surpassed their 1913 levels. This pattern is inconsistent with...

Persistent link: https://www.econbiz.de/10012763181

Financial Development and the Instability of Open Economies

Aghion, Philippe; Banerjee, Abhijit V.; Bacchetta, Philippe - 2021

This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...

Persistent link: https://www.econbiz.de/10013221113

Financial Regulation in General Equilibrium

Goodhart, Charles; Kashyap, Anil K.; Tsomocos, Dimitrios P. - 2021

This paper explores how different types of financial regulation could combat many of the phenomena that were observed in the financial crisis of 2007 to 2009. The primary contribution is the introduction of a model that includes both a banking system and a "shadow banking system" that each help...

Persistent link: https://www.econbiz.de/10013224399

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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