In 2015, China implemented a debt-to-bond swap program that required local governments to replace outstanding debts with local government bonds, which are considered low-risk assets for commercial banks under Basel III regulations. We study the empirical effects of the debt-swap program on bank...

This paper investigates how green credit regulation affects firms’ loan conditions and their economic and environmental performance. In a simple theoretical model, with strengthened green credit regulations, banks raise loan interest rates to nonabatement firms. Firms that were formerly...

This paper investigates how environmental awareness affects firms’ loan rates, conditioned on borrowers with an environmental penalty record. Employing a comprehensive loan dataset from one of China’s “Big Five” banks and the volatility of PM2.5 as a proxy to quantify environmental...

This paper builds a banking DSGE model based on endogenous loan to value ratios, taking the different relationship between different types of enterprises and banks into account. Due to the political connections between the bank and enterprises, loan to value ratio for favored enterprises (e.g....

This paper builds a banking DSGE model based on endogenous loan to value ratios, taking the different relationship between different types of enterprises and banks into account. Due to the political connections between the bank and enterprises, loan to value ratio for favored enterprises (e.g....

This paper investigates the factors that influence the operationalisation of strategic human resource management and development in The Health System, a state health system in Australia. A survey was conducted among a sample of managers in all districts of The Health System. It indicates that...