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Introducing the Exchange Traded Pieced Loan – An Asset-Backed Security Design with Chinese Characteristics

Bußmann, Richard - 2014

English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

Persistent link: https://www.econbiz.de/10013053830

Reviewing Credit and Banking in Contemporary China : A Call to Action

Bußmann, Richard - 2014

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...

Persistent link: https://www.econbiz.de/10013057291

Price and Quality Competition in a Vertically Differentiated Market with Network Effects

Lee, Wei-Wei; Huang, Chien-Chieh; Tsai, Shu-Chin - In: Journal of Economics and Management 3 (2007) 1, pp. 49-65

The aim of this study is to investigate how network effects affect the quality and price decisions of firms in a …-quality producers lower it. The degree of product differentiation is thus expanded. The price of high-quality products decreases first … and then increases, but the price of low-quality product diminishes as network effects increase. Simultaneously, market …

Persistent link: https://www.econbiz.de/10008555981