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This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation … exercise. Based on the Scandinavian experience and the added complexity of China's status as a transition economy, financial …
Persistent link: https://www.econbiz.de/10010835654
This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation … exercise. Based on the Scandinavian experience and the added complexity of China¡¦s status as a transition economy, financial …
Persistent link: https://www.econbiz.de/10005064046
This study examines the impact of ownership structure on Chinese banks' risk-taking behaviours. We classify the Chinese commercial banks into three categories based on the types of controlling shareholder, and find that banks controlled by the government (GCBs) tend to take more risks than those...
Persistent link: https://www.econbiz.de/10011117761
This study brings out policy lessons for China today, a financially repressed country, from the financial … lessons for China today from the experience of financial deregulation, financial crisis and recovery in Scandinavia during the … added complexity of China's status as a transition economy, financial reforms should strike a proper balance between being …
Persistent link: https://www.econbiz.de/10008459217
During the transition period from a planned economy to a market economy in 1990s of China, there was a considerable …
Persistent link: https://www.econbiz.de/10009395993
State-controlled listed firms in China receive preferential treatment when borrowing from commercial banks; in contrast …
Persistent link: https://www.econbiz.de/10010730411
The alternation between euphoria and panic is the force that causes the business cycle, and regulation cannot temper the euphoria. A consequence of this conclusion is that regulation cannot soften a recession. To understand what regulation cannot do, in softening a recession, it is useful to...
Persistent link: https://www.econbiz.de/10010965553
We study the returns the venture capital and private equity investment from 221 venture capital and private equity funds that are part of 72 venture capital and private equity firms, 5040 entrepreneurial firms (3826 venture capital and 1214 private equity), and spanning 32 years (1971 2003) and...
Persistent link: https://www.econbiz.de/10010986361
Banks cannot be made fail-safe. But they can be made safe to fail, so that the failure of a bank need not disrupt the economy at large nor pose cost to the taxpayer. In other words, banks can be made resolvable, and “too big to fail” can come to an end. To do so, the authorities, banks and...
Persistent link: https://www.econbiz.de/10010991079
Theory and empirical evidence suggest short-run interactions between capital and risk. This paper analyzes the effects of reinsurance, as a new endogenous decision variable, on this policy mix. We examine this issue using a system of simultaneous equations applied to the U.S. property-liability...
Persistent link: https://www.econbiz.de/10010992397