Throughout the past three decades of fast growth, China has undergone tremendous structural changes in its economy. There has been significant and continuing industrialization, urbanization and integration into the world economy. The financial system has also undergone major changes, with the...

The Tax Cuts and Jobs Act of 2017 is the most recent federal government attempt to help economically distressed communities. It allowed for the creation of 8,764 designated “opportunity zones” in July 2018 that cover parts of all 50 States, the District of Columbia and five U.S. territories....

Bank regulators consider minimum capital standards essential for promoting well-functioning banking systems. Despite their existence, however, such standards have been insufficient to prevent periodic disruptions in the banking sectors of various countries. The most recent disruption was the...

This paper examines the role of education level in China's fast-growing peer-to-peer (P2P) lending market. The level of education, as part of a borrower's profile, is an important yet relatively neglected factor that can affect both the demand and supply of credit in an increasingly more...