are slowing down the process of financial globalisation from trickling down to all parts of the world. This paper briefly … economic growth and financial wealth in different parts of the world. The paper analyses the process of financial globalisation …

associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization … obviate the need for risky international bank flows, as the latter are the only source of financing for most firms in the …

tries to resolve this puzzle. Following the definitions of the World Bank, we construct China’s financial structure index … a bank-based financial system. However, some scholars find that China has a market-based financial system. This study … with stock issuance amount, China is bank-based, which aligns with economic intuition …