China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors … after 2007. Furthermore, the allocation of a larger share of credit and investment to infrastructure and housing led to … lower returns to capital, a rapid buildup in debt, and higher risks to growth. China's growth potential remains high, but …

receives an earmarked credit from its bank, its interest rates on new loans in the free-market increase while the loan volume …This paper studies loan conditions in a context where private banks can operate in two credit markets: a free … credit to firms that are ex ante more difficult to lock-in in the free-market-larger firms in more contested regions. The …

-up in lending flows to the private sector, rendering the recovery credit-less. This paper uses data on output and credit to … study the relative roles of demand and supply drivers of credit growth during economic recoveries on a sample of advanced … and emerging countries between 1980 and 2014. Using a simple endowment economy model, the paper shows that credit …

discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan … financially excluded borrowers, greatly diminishing the profits accruing to the initiating bank. Lenders may therefore underinvest … highlight that information spillovers between lenders may operate outside credit registries …

This paper revisits trends in bank privatization and analyzes their economic impact over the past 25 years. Building on … a novel data set of privatization events for 70 developed and developing countries, it shows that bank privatization … became more frequent since the Global Financial Crisis, especially in emerging markets such as China and India, but also …