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Libor is arguably the world's most important number with more than USD 350 trillion of loans and financial contracts referencing this rate. Libor benchmark interest rates are being replaced with alternative reference rates (ARRs). There is no guarantee Libor rates will continue to be quoted...
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We assess the effects of reforms in product and labor markets in a model economy featuring credit restrictions and pre-existing long-term debt. Both elements, which are core features of the current scenario faced by some euro area countries, combine to produce a slow and protracted deleveraging...
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China’s state-owned enterprises (SOEs) are sometimes compared to Canadian Crown corporations, such as VIA Rail or the … Canadian economic policy. China’s SOEs have been actively buying up interests in major Canadian resource firms. But that …’s Statoil. China’s SOEs do not operate by the normal rules of commerce. They are, in fact, a very powerful tool of the Chinese …
Persistent link: https://www.econbiz.de/10014156964
of FDI in China's income growth and market-oriented transition. We first identify possible channels through which FDI may … in the period of 1984-98, we provide an empirical assessment, which suggests that FDI seems to help China's transition …
Persistent link: https://www.econbiz.de/10014125340
We study the reform of China’s state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first …
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