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Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may...
Persistent link: https://www.econbiz.de/10013116346
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...
Persistent link: https://www.econbiz.de/10012839385
This paper analyses the need, significance and the advantages of ‘reforms in institutional finance for inclusive growth' in the context of Indian economy and offers some practicable suggestions from the functional perspective. India's Rural Financial Architecture (RFA) is subject to systemic...
Persistent link: https://www.econbiz.de/10013047955
The success of economic reforms in China is often attributed to favourable starting conditions. Yet structural … and insufficient reform efforts are shown to have worked against enterprise efficiency and economic growth in China …
Persistent link: https://www.econbiz.de/10010265330
This paper investigates the effect of state-owned enterprises reform, a policy phrased as “grasping the large, letting the small go” on firms' capital efficiency in Chinese industrial firms. First, we present several styled facts on investment rates in state and private industrial firms from...
Persistent link: https://www.econbiz.de/10013238407
-owned enterprises (SOEs), opening up the gate to China's secondary privatization. The expectation of privatization quickly boosted SOE …
Persistent link: https://www.econbiz.de/10013008165
Since China joined the WTO in 2001, the pressure for bank reforms has mounted as China ought to fully open up its … foreign competition can solve China's banking problem remains to be tested. This paper aims to answer this question through …
Persistent link: https://www.econbiz.de/10010273412
Since China joined the WTO in 2001, the pressure for bank reforms has mounted as China ought to fully open up its … foreign competition can solve China's banking problem remains to be tested. This paper aims to answer this question through … fundamentals of the banks may be still weak. -- data envelopment analysis (DEA) ; efficiency ; banking ; China …
Persistent link: https://www.econbiz.de/10003725555
China became serious about disposing of the nonperforming loans in its banking sector in response to the Asian … financial crisis of 1997-98. In 2003, the big four state-owned banks (the Industrial & Commercial Bank of China, China … Construction Bank, Bank of China, and Agricultural Bank of China), as well as the China Development Bank, began the process of …
Persistent link: https://www.econbiz.de/10013147102
Persistent link: https://www.econbiz.de/10011807547