in Review of Finance
March 2015; p ublished online June 2014 .
Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Financial Regulation; Corporate Regulation; Development Planning and Policy; Housing Markets, Production Analysis, and Business Location. 13490 words.
China’s monetary stimulation after the global financial crisis rapidly boosted its GDP. We argue that its efficacy derives from state control over its banking and corporate sectors. Beijing...
in The Review of Financial Studies
May 2018; p ublished online July 2017 .
Journal Article. Subjects: Banking; Financial Regulation; Economic Development; Development Planning and Policy. 14699 words.
We study the credit market impact and real effects of one of the largest borrower bailouts in history, enacted by the government of India against the...