Three main features characterize the international financial integration of China and India. First, while only having a … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …. Changes in these factors will affect the international financial integration of China and India (through shifts in capital …

We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The … capital, on enterprise restructuring. …

Given the concern about restructuring and the role of insiders during the transition, we analyse the determinants of … restructuring. The models, however, underestimate the power of (elite) managers to restrain worker demands and overestimate this …

companies needing to sell assets while restructuring. …

appear to benefit from the ability to avail themselves of an orderly restructuring process. In contrast, less credit … restructuring are offset by the moral hazard and default risk associated with the presence of renegotiation-friendly loan provisions. …

loans compared to the social optimum. Finally, we analyse how bank competition affects the firms' restructuring effort. We … find that restructuring has positive externalities that give rise to multiple equilibria, with either much or little … restructuring activity. …

asymmetric firms, restructuring, and entry. We show how these welfare effects depend on the initial level of market development …, and restructuring and entry costs. The model generates an endogenous demand for infrastructure investment, and the … simulate the relative welfare effects of reducing transport, restructuring and entry costs, and we evaluate in each case the …