Empirical studies show that the most successful continuous-time models of the short term rate in capturing the dynamics are those that allow the volatility of interest changes to be highly sensitive to the level of the rate. However, from the mathematics, the high sensitivity to the level...

Post-reform urban conditions -- Establishing the land market -- Establishing the housing market -- Market configuration and actors in urban development -- State, governance, and land management -- Changing city planning : from resource allocation to place promotion -- Entrepreneurial city and...

"Urban poverty is an emerging problem. This book explores the household and neighbourhood factors that lead to both the generation and continuance of urban poverty in China. It is argued that the urban Chinese are not a homogenous social group, but combine laid-off workers and rural migrants,...