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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
The English version of this paper can be found at "http://ssrn.com/abstract=3486211" http://ssrn.com/abstract=3486211.Chinese Abstract:...
Persistent link: https://www.econbiz.de/10012846847
Persistent link: https://www.econbiz.de/10003541582
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
Persistent link: https://www.econbiz.de/10003768673
Persistent link: https://www.econbiz.de/10003468711
of TTT on the liquidity of the constituent stocks. The empirical result coincides with the expectation of arbitrage … hypothesis that the liquidity of the constituents is increased after the introduction of TTT. Although both changing patterns … among categories of size and sector are not significantly different, most of the liquidity measures of smaller companies …
Persistent link: https://www.econbiz.de/10008555938