A key priority in China’s “new normal” period -- where returns on investment are slackening -- is corporate governance … Survey of China (www.oecd.org/eco/surveys/economic-survey-china.htm). …

The correlation across US states in house price growth increased steadily between 1976 and 2000. This paper shows that … state pairs and document that house price growth correlation is strongly related to this measure of financial integration …. Our IV estimates suggest that banking integration can explain up to one fourth of the rise in house price correlation over …