Search Results - subject:"financial distortions"

Government deleveraging and corporate distress

Hu, Jiayin; Liu, Songrui; Yao, Yang; Zong, Zhu - 2022

Persistent link: https://www.econbiz.de/10015053836

Financial repression and financial risk : the case of China

Chan, Sarah - In: Post-communist economies 33 (2021) 1, pp. 119-132

Persistent link: https://www.econbiz.de/10012517099

Financial market reform – A new driver for China's economic growth?

Chen, Yu-Fu; Funke, Michael; Tao, Kunyu - 2015

This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling … that the adoption of a comprehensive financial market reform package abolishing financial distortions will lead to …

Persistent link: https://www.econbiz.de/10012148746

Financial market reform – A new driver for China’s economic growth?

Chen, Yu-Fu; Funke, Michael; Tao, Kunyu - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2015

Persistent link: https://www.econbiz.de/10011184639

The Eurozone Crisis: Muddling through on the Way to a More Perfect Euro Union?

Aizenman, Joshua - In: Social Sciences 2 (2013) 4, pp. 221-233

challenges in the labor and product markets, and financial distortions. While both structural and financial distortions are … costly and prevalent, they differ in fundamental ways. Financial distortions are moving at the speed of the Internet, and … contrast, the structural distortions are moving at a slow pace relative to the financial distortions, and their effects are …

Persistent link: https://www.econbiz.de/10010700563

Deconstructing China's and India's Growth: the Role of Financial Policies

Aziz, Jahangir - 2008

This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...

Persistent link: https://www.econbiz.de/10011807630

Deconstructing Chinaââ‚¬â„¢s and Indiaââ‚¬â„¢s Growth - The Role of Financial Policies

Aziz, Jahangir - East Asian Bureau of Economic Research (EABER) - 2008

This paper uses the standard one-sector neoclassical growth model to investigate why Chinas consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...

Persistent link: https://www.econbiz.de/10009363931

Distortions in Resource Allocation and Bank Lending: The Malfunction of Financial Intermediation

Otani, Akira; Shiratsuka, Shigenori; Yamada, Takeshi - Bank of Japan - 2007

In this paper, we empirically analyze the interaction between the distortions in the real side of the economy (real distortion) and those in the financial side of the economy (financial distortion) in Japan after the 1990s. We focus on protracted economic stagnation after the bursting of the...

Persistent link: https://www.econbiz.de/10010907494

Misallocation and Financial Market Frictions: Some Direct Evidence from the Dispersion in Borrowing Costs

Gilchrist, Simon; Sim, Jae W.; Zakrajsek, Egon - In: Review of Economic Dynamics 16 (2013) 1, pp. 159-176

assumption that financial distortions and firm-level efficiency are jointly log-normally distributed. To take into account the …

Persistent link: https://www.econbiz.de/10010600531

Financial Distortions and Economic Growth: Empirical Evidence

Wang, Fuhmei - In: Emerging Markets Finance and Trade 45 (2009) 3, pp. 56-66

Conventional wisdom suggests a negative relation between financial distortions and economic growth. This paper …

Persistent link: https://www.econbiz.de/10005048863