We develop tests of financial intermediation by national banking systems based on the expectation that, in commercial systems, financial intermediation should not be overly influenced by policy variables; should be greater in richer, faster growing industrial areas; and should direct funds to the best projects regardless of where deposits originate. Using Chinese provincial data from 1991 to 1997, we test whether financial reforms in the mid-1990s increased efficient intermediation by differe...Expand abstract
- Copyright date:
Tests of Financial Intermediation and Banking Reform in China.
If you are the owner of this record, you can report an update to it here: Report update to this record