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small scale, especially in the European Union. Even the largest fintech market, in China, is of marginal size compared to …
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We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...
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This article first examines the composition of the shadow banking system in China and then critically analyses its … interconnectivity with the traditional banking system and global capital markets. It argues that whilst shadow bank lending in China …
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