The widespread failures in the financial sector during the Global Financial Crisis prompted many governments worldwide to re-intervene in a market that had become increasingly state-free over the years. The re-intervention, however, has re-ignited a global debate on the role of the state in...

Using DEA Window Analysis and Tobit regression for 30 Vietnamese banks over 1995-2011, we examine the effects of bank reforms on cost, revenue and profit efficiency. We find that state-owned banks (SOBs) are more efficient than joint-stock banks (JSBs). Banks selected by foreign investors are...

The study examines the effect of trade liberalization on poverty reduction across 60 provinces in Vietnam over a decade from 2002 to 2012 using fixed effects approach. In this study, trade liberalization is proxied by tariff exposure, which is constructed by combining information on geographic...

We study the welfare implications of competing middlemen in a two-sided market, where goods are intermediated between providers and purchasers. In our model, the intermediary sets the quantities to purchase and sell, and the prices are a consequence of a Cournot model. Our analysis shows that,...