Industry/Policy View Banking Across Borders: Are Chinese Banks Different? Eugenio Cerutti, Cathérine Koch, Swapan-Kumar Pradhan, Feb 24, 2021
Industry/Policy View Banking Across Borders: Are Chinese Banks Different? Eugenio Cerutti, Cathérine Koch, Swapan-Kumar Pradhan, Feb 24, 2021 Chinese banks have become the largest cross-border lenders to emerging markets and developing economies (EMDEs). Despite their different ownership structure, their type of global reach resembles that of advanced economies’ (AE) banks, with distance to their borrowing EMDEs less of a barrier than that of other EMDE banks and more like U.S. or European banks. While bilateral trade, FDI, and portfolio investment positively correlate with lending for most banking systems, Chinese banks’ lending to EMDEs also strongly correlates with trade (e.g., in line with patterns exhibited by U.S. banks), but not with FDI and, unlike other banks, it correlates negatively with portfolio investment.
The Effect of Computer-Assisted Learning on Students’ Long-Term Development Nicola Bianchi, Yi Lu, Hong Song, Feb 17, 2021 We examine the effect of computer-assisted learning on students’ long-term development. We explore the implementation of the largest ed-tech intervention in the world to date, which connected China’s best teachers to more than 100 million rural students through satellite internet. Exposure to the program improved students’ academic achievement, labor performance, and computer usage for at least ten years after program implementation. These findings indicate...
Special Deals from Special Investors: The Rise of State-Connected Private Owners in China Chong-En Bai, Chang-Tai Hsieh, Michael Zheng Song, Xin Wang, Feb 10, 2021 We document a hierarchy of private owners connected to the state through equity investment and a rapid expansion of this hierarchy over the past two decades. We build a model to show how the effects of a special deal from a state investor can be transmitted and amplified through the hierarchy. Our estimation suggests that the expansion in the span of state-connected private owners may have increased aggregate output of the private sector by 4.2% a year between 2000 and 2019.
VoxChina Covid-19 Forum (Second Edition): China’s Post-Lockdown Economic Recovery VoxChina, Apr 18, 2020 The lockdowns induced by Covid-19 have led to unprecedented challenges to economies across the globe. The second edition of the VoxChina Covid-19 Forum focuses on China’s post-lockdown economic recovery, with three presentations that are based on data analysis of small businesses, consumption, e-commerce, and beyond, each for 15 minutes. There will be 30 minutes of Q&As.
VoxChina Covid-19 Forum (First Edition): Public Health and Public Policy VoxChina, Apr 11, 2020 Covid-19 poses unprecedented challenges to the global health and global economy. We are pleased to initiate a series of Covid-19 Public Health and Public Policy Virtual Forums to discuss the impact and policy responses to Covid-19.