The events of the last few years revealed an acute need for tools to systematically model and analyze large financial networks. Many applications of such tools include the forecasting of systemic failures and analyzing probable effects of economic policy decisions. We consider optimizing the...

China National Technology Import Corporation is a specialized trading company in our foreign trade system. In the field of technological trade, the company held in the past an exclusive and dominant position in the nation. But things have begun to change since 1979. Under the new circumstances,...

Asia’s trading and financial hubs have become global cities which frequently have more in common and closer linkages with each other than with their corresponding hinterlands. As this book expounds, these global cities illustrate to what extent world trends deeply penetrate and permeate...

This paper studies the problem of optimally allocating a cash injection into a financial system in distress. Given a one-period borrower-lender network in which all debts are due at the same time and have the same seniority, we address the problem of allocating a fixed amount of cash among the...

Introduction : privatizing China : powers of the self, socialism from afar / Aihwa Ong and Li Zhang -- Private homes, distinct lifestyles : performing a new middle class / Li Zhang -- Property rights and homeowner activism in new neighborhoods / Benjamin L. Read -- Socialist land masters : the...