The purpose of this paper is to explore discrepancies between transfer provisions in the US model BIT, employed as a working text in the ongoing China-USA BIT negotiations, and relevant Articles of the Agreement of the IMF, to which both China and the USA are signatories, with a view to advising...

Combining rich and novel datasets from China, we investigate how city-level cultural fractionalization affects social trust and the efficiency of financial intermediation. Using an instrumental variable approach, we find that cultural fractionalization significantly lowers the efficiency of...