Are China's Financial Reforms Leaving the Poor Behind - Harvard ...

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R 2 0.10 0.14 0.31 0.49 0.39 0.41 0.41 0.4044
Table 11Changes in Governance between 1994 and 1997Loan Authorization Bonus Collateral Gov’t Pressure Rep. RequirementsIncome, 1994 1.633(1.62)2.300(1.81-1.014(-2.57)-1.062(-3.0210.79(2.58)5.12(1.130.389(2.45)0.106(0.840.028(1.54)0.074(1.7)Loan Authorization, 1994 -0.714(-7.06Bonus, 1994 -0.488(-1.82)Loans w/ Collateral, 1994 -0.377(-3.71Gov’t Pressure, 1994 -0.349(-4.49)Rep. Requirements, 1994 -0.363(-2.80)Non-perf. Loans in 1994 2.33(1.47)0.844(1.65)-25.94(-1.01)-1.05(-1.47)0.276(1.36)Number of observationsR 2 73 69 25 25 47 45 92 84 94 800.11 0.52 0.26 0.48 0.10 0.30 0.06 0.27 0.01 0.3145
Page 2 and 3: Draft August 2001Are China’s Fina
Page 6: analyze changes in the degree of fi
Page 10 and 11: which is of great interest to those
Page 12 and 13: deposits of surplus funds in higher
Page 14 and 15: time. This is not to say that house
Page 16 and 17: We find that from 1994 to 1997 the
Page 18 and 19: survey found an average overdue rat
Page 20 and 21: different provinces, both conducted
Page 22 and 23: of banks to provide new loans. The
Page 24 and 25: We also examine the components of i
Page 26 and 27: decisions that increase branch prof
Page 28 and 29: anches. Note that our sample size d
Page 30 and 31: What are then the implications of o
Page 32: greater scope for reforms that can
Page 35 and 36: Naughton, Barry. 1995. Growing Out
Page 37 and 38: Table 2Financial Intermediation Ind
Page 39 and 40: Table 4Loan-Deposit Ratios, 1994 an
Page 41 and 42: Table 7Decomposition of Changes in
Page 43: Table 9Governance by Income Quartil

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