Pitfalls of a state-dominated financial system: the case of China
"State-owned financial institutions have been proposed as a way to address market failure, but the recent literature has also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state-dominated financial system, including possible segmentation of the...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
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| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11214 |
| Schlagworte: | |
| Zusammenfassung: | "State-owned financial institutions have been proposed as a way to address market failure, but the recent literature has also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state-dominated financial system, including possible segmentation of the internal capital market due to local government interference and mis-allocation of capital. Even without formal legal prohibition to capital movement across regions, we find that capital mobility within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the private sector) tends to allocate capital systematically away from more productive regions toward less productive ones. In this context, a smaller role of the government in the financial sector might increase economic efficiency and the rate of economic growth"--National Bureau of Economic Research web site. |
| Beschreibung: | 36 S. graph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11214 | |
| 520 | 3 | |a "State-owned financial institutions have been proposed as a way to address market failure, but the recent literature has also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state-dominated financial system, including possible segmentation of the internal capital market due to local government interference and mis-allocation of capital. Even without formal legal prohibition to capital movement across regions, we find that capital mobility within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the private sector) tends to allocate capital systematically away from more productive regions toward less productive ones. In this context, a smaller role of the government in the financial sector might increase economic efficiency and the rate of economic growth"--National Bureau of Economic Research web site. | |
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| id | DE-604.BV019898820 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:42Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013222881 |
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| physical | 36 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
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| publisher | National Bureau of Economic Research |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Boyreau-Debray, Geneviève Verfasser (DE-588)130488232 aut Pitfalls of a state-dominated financial system the case of China Genevieve Boyreau-Debray ; Shang-Jin Wei Cambridge, Mass. National Bureau of Economic Research 2005 36 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11214 "State-owned financial institutions have been proposed as a way to address market failure, but the recent literature has also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state-dominated financial system, including possible segmentation of the internal capital market due to local government interference and mis-allocation of capital. Even without formal legal prohibition to capital movement across regions, we find that capital mobility within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the private sector) tends to allocate capital systematically away from more productive regions toward less productive ones. In this context, a smaller role of the government in the financial sector might increase economic efficiency and the rate of economic growth"--National Bureau of Economic Research web site. Bank Ökonometrisches Modell Banks and banking Government ownership China Finance China Econometric models Wei, Shang-jin 1964- Verfasser (DE-588)128616636 aut National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11214 (DE-604)BV002801238 11214 |
| spellingShingle | Boyreau-Debray, Geneviève Wei, Shang-jin 1964- Pitfalls of a state-dominated financial system the case of China National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Bank Ökonometrisches Modell Banks and banking Government ownership China Finance China Econometric models |
| title | Pitfalls of a state-dominated financial system the case of China |
| title_auth | Pitfalls of a state-dominated financial system the case of China |
| title_exact_search | Pitfalls of a state-dominated financial system the case of China |
| title_full | Pitfalls of a state-dominated financial system the case of China Genevieve Boyreau-Debray ; Shang-Jin Wei |
| title_fullStr | Pitfalls of a state-dominated financial system the case of China Genevieve Boyreau-Debray ; Shang-Jin Wei |
| title_full_unstemmed | Pitfalls of a state-dominated financial system the case of China Genevieve Boyreau-Debray ; Shang-Jin Wei |
| title_short | Pitfalls of a state-dominated financial system |
| title_sort | pitfalls of a state dominated financial system the case of china |
| title_sub | the case of China |
| topic | Bank Ökonometrisches Modell Banks and banking Government ownership China Finance China Econometric models |
| topic_facet | Bank Ökonometrisches Modell Banks and banking Government ownership China Finance China Econometric models |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT boyreaudebraygenevieve pitfallsofastatedominatedfinancialsystemthecaseofchina AT weishangjin pitfallsofastatedominatedfinancialsystemthecaseofchina |