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Geronimus discusses causes, potential solutions to racial disparities in infant mortality
Kalousova and Burgard find credit card debt increases likelihood of foregoing medical care
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Trainees Nelson Saldaña, Sarah Seelye and Ellen Compernolle awarded PSC grants
Arline Geronimus wins Excellence in Research Award from School of Public Health
Yu Xie to give DBASSE's David Lecture April 30, 2013 on "Is American Science in Decline?"
U-M grad programs do well in latest USN&WR "Best" rankings
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Follow us Test of Financial Intermediation and Banking Reform in China.
Park, Albert F., and Kaja Sehrt. 2001. "Test of Financial Intermediation and Banking Reform in China." Journal of Comparative Economics, 29(4): 608-644.
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 different financial institutions. We find that the importance of policy lending by state banks did not fall during the recent period and that lending by financial institutions did not respond to economic fundamentals.
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