A Bridge on Economic Issues between China and the World
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The Effect of the China Connect
Chang Ma, John Rogers, Sili Zhou, Aug 07, 2024This article discusses that The China Connect not only introduced new learning channels by improving market efficiency, but also increased domestic firms' sensitivity to global shocks and revealed the policy trade-offs between efficiency and volatility in liberalization.
Early Childhood Exposure to Health Insurance and Adolescent Outcomes: Evidence from Rural China
Wei Huang, Hong Liu, Jul 19, 2023We examine the impact of early-life exposure to public health insurance, the New Cooperative Medical Scheme (NCMS), on outcomes in adolescence in rural China.
“To Go Electric or to Burn Coal? A Randomized Field Experiment of Informational Nudges”
Hanming Fang, King King Li, Peiyao Shen, Feb 07, 2024We conducted a randomized field experiment of informational nudges in northern China to investigate the potential obstacles that may hinder households from adopting cleaner heating, and evaluate the effectiveness of simple SMS nudges in encouraging the transition to electric heating.
Let a Small Bank Fail: Implicit Non-guarantee and Financial Contagion
Liyuan Liu, Xianshuang Wang, Zhen Zhou, Nov 27, 2024The research findings indicate that after the failure of a small bank, regulatory authorities did not fully bail out all creditors as had been the norm, and this policy shift affected the funding costs and market confidence of banks with lower systemic importance (SU).
Empowering through Courts: Judicial Centralization and Municipal Financing in China
Jiayin Hu, Wenwei Peng, Yang Su, Aug 28, 2024This article discusses that the judicial centralization reform gradually implemented in China since 2014 has enhanced the independence of the judicial system, limited the intervention of local governments, and reduced court biases in favor of local governments.
