Using political mobility data for 189 leaders from China’s central state-owned enterprise (CSOEs) in 2008-2011, for the first time this paper investigates the mechanism of political turnover for leaders as quasi-government officers in CSOEs. We find that: (1) the likelihood of promotion of...

The rapid growth of the credit default swap (CDS) market and the increased number of defaults in recent years have led to major changes in the way CDS contracts are settled when default occurs. Auctions are increasingly the mechanism used to settle these contracts, replacing physical transfers...

Using political mobility data for 189 leaders from China’s central state-owned enterprise (CSOEs) in 2008-2011, for the first time this paper investigates the mechanism of political turnover for leaders as quasi-government officers in CSOEs. We find that: (1) the likelihood of promotion of...

The rapid growth of the credit default swap (CDS) market and the increased number of defaults in recent years have led to major changes in the way CDS contracts are settled when default occurs. Auctions are increasingly the mechanism used to settle these contracts, replacing physical transfers...

U.S.-Asian trade currently represents about 35% of the total value of U.S. agricultural and food trade. Country-by-country comparisons show significant differences in level of food safety regulations in the U.S., Japan, newly industrialized countries in Asia, and Asian developing countries....

[fre] En raison des projets de plus en plus ambitieux et de l'inefficacité du système financier domestique, le manque de fonds pour le financement des infrastructures est important dans les pays émergents asiatiques. L'épargne interne restera la principale ressource de financement, mais les...