China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posing to the financial sector, local governments, and sovereign balance...

The process of urban-rural integration has led to severe ecological environmental pollution in rural areas of China, particularly in the economically-developed areas. This is an urgent issue to be solved. We select Jiangsu Province as a case study. From the perspective of the population,...

This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is reflected as credit and asset price risks, while the latter is...

This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows...

This paper investigates the potential relationships between financial structures and economic outcomes. The empirical results that withstand a battery of methods suggest that some financial intermediation structures are likely to be more closely related to positive economic outcomes than others....

A channel initiation process has been incorporated into the minimum energy dissipation models for channel networks. When a scale parameter λ becomes very large, the model introduced here becomes identical to the standard minimum energy dissipation model of Rigon et al. The structure of the...

The aim of this paper is to develop a new fuzzy linear programming technique for solving multi-attribute decision-making (MADM) problems with incomplete weight preference information under fuzzy environments. In this methodology, linguistic variables are used to capture fuzziness in decision...

The real estate cycle and financial stability are closely correlated. In light of global real estate bubbles, China's real estate cycle has attracted wide attention since 1998. The present paper analyzes three driving factors in the context of the current real estate cycle; namely, economic...

This paper attempts to identify the indicators that can demonstrate the vulnerabilities in systemically important financial institutions. The paper finds that (i) indicators on leverage, liquidity, and business scope can help identify the differences between the intervened and non-intervened...