China's economy faces the daunting challenge of shifting from a manufacturing-based economy to a service-based economy. Reforms in the services sector are slated to continue to take place in the coming years, including in the financial sector. In this paper, we explore China's success and...

We compare the European and Chinese shadow banking systems. While the European shadow banking system is better developed than the Chinese shadow banking system, herd behavior and other factors in European markets create systemic risk, which contributed in part to the financial crisis. Dispersion...

This paper examines the gender implications of Turkey's private pension scheme introduced in 2003 as a part of ongoing social security reform. While there is a growing literature on Turkey's social security reform, there are no studies on the gender dimension of social security and gender...