the new equilibrium. A quantitative application to China illustrates the practical relevance of the mechanisms in our …

research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend … assumptions are corroborated by institutional details, disaggregated data, and banking time series, all of which are distinctive … offers a constructive framework for studying China's modern macroeconomy …

This paper documents and assesses the significance of the policy changes in China that WTO accession implies in 3 key … service categories (banking, insurance, and telecoms), asking whether it is likely they will really be fully implemented in … their entirety as undertaken at signature in 2002. While it would seem that China will have extraordinarily open markets for …

Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local … banking industrial organisation and its economic consequences. We document a novel trade-off: the potential benefits of …

equity. The dwindling pool of common equity in the banking system may have been one reason for the continued reluctance by …

The Nigerian banking system was in crisis for much of the 1990's and early 2000's. The reforms of 2005 were ambitious …