This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the …

information content of credit spreads in China. Using Merton's model of default, we construct credit measures of publicly listed … 2014, do credit spreads in China become informative. Compared with the findings in the US credit market, the magnitude of … state-owned enterprises (SOEs) in China results in a market segmentation between SOE and non-SOE issuers that is harmful to …

subsidies provided to China's publicly traded firms. We categorize subsidies into different types. We then estimate total … suggest that China's increasingly prescriptive industrial policies may have generated limited effects in promoting …

effects of the monetary policies of the US Federal Reserve, the European Central Bank and of the People's Bank of China on the …

Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several … commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need … to evaluate these risks within China's unique economic and financial systems, in which the state and non-state sectors …

We construct housing price indices for 120 major cities in China in 2003-2013 based on sequential sales of new homes … trigger an imminent financial crisis in China, even though it may crash with a sudden stop in the Chinese economy and act as …

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 …