Search Result

Srl

Item

ID: 114818

Development and legitimacy of Chinese informal finance / Passas, Nikos; Hsu, Sara; Jianjun Li

Hsu, Sara	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2012.

Summary/Abstract

As in many other developing countries, Chinese businesses and individuals frequently fund transactions using informal, unmonitored financial methods. The impact of this phenomenon is both positive and negative: positive when funds are used for legitimate purposes, such as providing much needed working capital for businesses, and negative when funds are used for illegitimate and/or illegal purposes, such as to finance criminal activity or launder proceeds of crime. There is a dearth of literature and research on this topic. Further study is necessary to understand the precise political, economic and social reasons for this diversity of non-bank financing and its legal and economic implications. This paper aims to pave the ground for such research and analytical work by reviewing the existing literature, placing it into context and raising the main questions that must be answered in future work.

Key Words

Political Economy ; Development ; China ; Regulation ; Policy ; Informal Finance ;
Illicit Flows

Links

'Full Text'

In Basket

Export

ID: 097384

Global crisis impact China's rural migrant / Hsu, Sara; Jiang, Shiyin; Heyward, Halcott

Hsu, Sara	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2010.

Key Words

Migration ; Poverty ; China ; Financial Crisis ; Rural Migrants

In Basket

Export

ID: 136256

Shadow banking in China: institutional risks / Li, Jianjun; Hsu, Sara ; Qin, Yanzhi

Hsu, Sara	Article
	0 Rating(s) & 0 Review(s)

Summary/Abstract

In this paper, we examine China's shadow banking institutions for financial risks. We use a bank stress test to analyze solvency risk for the systemically important financial institutions and the banking system as a whole. We find that there is some risk of bankruptcy and potentially a risk of liquidity shortages, for which we lack sufficient data to run a stress test. We conclude with policy recommendaitons.

In Basket

Export