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Purpose – The purpose of this paper is to examine recent developments pertaining to China’s shadow banking sector. Shadow banking has the potential not only to be a beneficial contributor to continued economic growth, but also to contribute to systematic instability if not properly monitored...
Persistent link: https://www.econbiz.de/10014867083
Purpose – This paper aims to survey available data sources and put China’s shadow banking system in perspective. Although bank loans still account for the majority of credit provided to China’s real economy, other channels of credit extension are growing rapidly. The fast expansion of...
Persistent link: https://www.econbiz.de/10014867172
Intro -- Title Page -- Copyright Page -- Contents -- Introduction -- References -- Chapter 1: Correction for the Asymptotical Bias of the Arellano-Bond type GMM Estimation of Dynamic Panel Models -- 1. Introduction -- 2. Model and the Arellano-Bond GMM Estimation -- 2.1. The Arellano-Bond GMM...
Persistent link: https://www.econbiz.de/10012692043
My dissertation contributes to auction studies. It analyzes the bidding behavior in multi-round auctions. It is motivated by an interesting multi-round feature observed in the procurement auctions held by the Indiana Department of Transportation (INDOT hereafter), which adopts secret reserve...
Persistent link: https://www.econbiz.de/10009471933
Why do some sellers auction their goods, while other sellers post a fixed price? My dissertation investigates this question using theoretical, empirical, and experimental methodologies. The first chapter takes the competitive structure of the market as given and examines how the probability that...
Persistent link: https://www.econbiz.de/10009471952
This dissertation studies the distributions of treatment effects in switching regimes models (SRMs). First, we propose a general class of SRMs and provide simple estimators of average treatment effects. Second, we establish sharp bounds on the joint distribution of potential outcomes and the...
Persistent link: https://www.econbiz.de/10009471960
This dissertation studies affiliation and entry in first-price auctions, accomplishing three goals. First, it develops a simple approach to test for affiliation among bidders' private information and applies the approach to the timber sales data in Oregon State. Second, it extends the affiliated...
Persistent link: https://www.econbiz.de/10009471966
My dissertation focuses on partial identification of the distribution function of treatment effects. When treatment effects are believed to be heterogeneous, policy evaluation often requires knowledge of the distribution function of potential treatment effects. This function cannot be...
Persistent link: https://www.econbiz.de/10009471980
Persistent link: https://www.econbiz.de/10006749125