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The chapter reconceptualizes financial innovation. In this context, it discusses the risks of financial innovation and contemporary regulatory reforms addressing those risks. It provides a critique of contemporary reforms. Finally, it stresses the need for a new framework to regulate financial...
Persistent link: https://www.econbiz.de/10012904840
The financial sector has emerged as the main economic engine over the past two decades. The comparative advantages of placing financial activities in Luxembourg have mostly been in terms of an adaptive legislative and regulatory framework and low taxation. As a result, Luxembourg is today one of...
Persistent link: https://www.econbiz.de/10012443032
externalities using panel data of 30 provinces in China from 1993 to 2007. A two-sector model, including both foreign-funded sector … foreign capital, with a weakening spillover effect over time, contributed positively to China's economic growth during 1993 … to the formation of social capital, should be given more policy support in China. This paper analyzes the interrelation …
Persistent link: https://www.econbiz.de/10013137586
externalities using panel data of 30 provinces in China from 1993 to 2007. A two-sector model, including both foreign-funded sector … foreign capital, with a weakening spillover effect over time, contributed positively to China's economic growth during 1993 … to the formation of social capital, should be given more policy support in China …
Persistent link: https://www.econbiz.de/10012920250
This chapter aims to analyze the regulation of robo-advisors in mainland China and give suggestions for its future …-advisors in China has been facilitated by some local factors, such as strong consumer demand and a rapidly rising middle class … consideration of relevant overseas experiences and Chinese local conditions, this chapter argues that China should allow robo …
Persistent link: https://www.econbiz.de/10013219230
credit policy indicator, on the real estate price growth dynamics in China. Empirical results consistently demonstrate that … forces behind the change of real estate price growth in China. We also show that hot money flow does not have significant …
Persistent link: https://www.econbiz.de/10013120810
Since the beginning of economic reforms two decades ago, the economy in China has produced real growth rates of between … 8 percent and 10 percent per year. We believe that China will continue to experience exceptional growth for decades to … come at rates well above those of any other large country in the world. In this paper we first show why China will enjoy …
Persistent link: https://www.econbiz.de/10013038485
Realized stock market returns are volatile and poor reflections of economic growth and investor expectations in China …
Persistent link: https://www.econbiz.de/10013055944
The banking sector is considerably large in China, making scholars and practitioners intuitively believe that China has … a bank-based financial system. However, some scholars find that China has a market-based financial system. This study … tries to resolve this puzzle. Following the definitions of the World Bank, we construct China’s financial structure index …
Persistent link: https://www.econbiz.de/10013238293
Persistent link: https://www.econbiz.de/10010212785