Economic success and financial inadequacy: The Chinese puzzle

Locations
G15, Muirhead Tower
Category
Lectures Talks and Workshops
Date(s)
Wednesday 4th December 2013 (16:30-17:30)
Contact

David Duell - duelldc@adf.bham.ac.uk

Download
Add to Calendar
Registration URL
http://www.birmingham.ac.uk/schools/business/departments/economics/events/2013/december/alessandra-guariglia-registration.aspx
Description
alessandra-110x146-Cropped-109x109

China has been growing at phenomenal rates over the last two decades. Yet, its financial system is relatively underdeveloped. This constitutes a puzzle: looking at countries world-wide, it is observed that those with the fastest growth rates are also those with the best functioning financial systems. I propose a number of explanations to this puzzle, ranging from firms’ ability to generate large profits that they can re-invest facilitating growth, to their tendency to team up with foreign firms in order to indirectly acquire external equity.

Please register for this event using our online form