This paper investigates whether and how the COVID-19 pandemic affects bank funding costs in China. We find a significantly positive relationship between the offering yields of negotiable certificates of deposit and banks’ pandemic exposure. The surge in bank funding costs is alleviated by...

A one-stop shop for background and current thinking on the development and uses of rates of return on capital Completely revised for this highly anticipated fifth edition, Cost of Capital contains expanded materials on estimating the basic building blocks of the cost of equity capital, the...

Intro -- Contents -- I. INTRODUCTION -- II. TRENDS IN REGIONAL INVESTMENT6 -- III. LITERATURE REVIEW -- IV. A BASIC INVESTMENT MODEL -- V. DATA -- VI. ESTIMATION ISSUES -- VII. ESTIMATION RESULTS -- VIII. CONCLUSIONS -- References -- Data Sources and Estimates.

Intro -- Contents -- I. INTRODUCTION -- II. CONSUMPTION, INVESTMENT, AND SAVINGS IN CHINA -- III. THE CHINESE ECONOMY AS A NEOCLASSICAL GROWTH MODEL -- IV. CALIBRATING THE GROWTH MODEL -- V. SIMULATING THE MODEL: THE FIRST CUT -- VI. INTRODUCING INVESTMENT WEDGE -- VII. FINANCIAL FRICTIONS AS...