Zuzana Fungáčová : Citation Profile


Suomen Pankki

17

H index

27

i10 index

1037

Citations

RESEARCH PRODUCTION:

30

Articles

87

Papers

1

Books

1

Chapters

RESEARCH ACTIVITY:

   19 years (2005 - 2024). See details.
   Cites by year: 54
   Journals where Zuzana Fungáčová has often published
   Relations with other researchers
   Recent citing documents: 72.    Total self citations: 43 (3.98 %)

MORE DETAILS IN:
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   Permalink: http://citec.repec.org/pfu56
   Updated: 2025-05-17    RAS profile: 2024-01-04    
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Relations with other researchers


Works with:

Weill, Laurent (15)

Solanko, Laura (5)

Schoors, Koen (3)

Karas, Alexei (2)

Authors registered in RePEc who have co-authored more than one work in the last five years with Zuzana Fungáčová.

Is cited by:

Weill, Laurent (44)

Vernikov, Andrei (18)

Solanko, Laura (16)

Mäkinen, Mikko (13)

NOAH, Alphonse (9)

Brei, Michael (9)

TARAZI, Amine (9)

Jacolin, Luc (9)

Osei-Tutu, Francis (8)

Vähämaa, Sami (8)

Karminsky, Alexandr (8)

Cites to:

Weill, Laurent (121)

Demirguc-Kunt, Asli (68)

Schoors, Koen (60)

Gambacorta, Leonardo (52)

Beck, Thorsten (49)

Levine, Ross (39)

Rajan, Raghuram (36)

HASAN, IFTEKHAR (33)

Karas, Alexei (32)

Maudos, Joaquin (31)

Klapper, Leora (30)

Main data


Where Zuzana Fungáčová has published?


Journals with more than one article published# docs
China Economic Review3
Comparative Economic Studies3
Emerging Markets Review2
Journal of Financial Services Research2
Journal of Banking & Finance2

Working Papers Series with more than one paper published# docs
BOFIT Discussion Papers / Bank of Finland Institute for Emerging Economies (BOFIT)30
Working Papers of LaRGE Research Center / Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg11
Post-Print / HAL6
BOFIT Policy Briefs / Bank of Finland Institute for Emerging Economies (BOFIT)4
Bank of Finland Research Discussion Papers / Bank of Finland2

Recent works citing Zuzana Fungáčová (2025 and 2024)


YearTitle of citing document
2025The stability of Vietnamese commercial banks - Does liquidity creation matter?. (2025). Kim, Oanh Thi ; My, Linh Thi. In: HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION. RePEc:bjw:econen:v:15:y:2025:i:1:p:81-98.

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2024Financial inclusion, vulnerability coping strategies and multidimensional poverty: Does conceptualisation of financial inclusion matter?. (2024). Annim, Samuel Kobina ; Bukari, Chei ; Koomson, Isaac. In: Review of Development Economics. RePEc:bla:rdevec:v:28:y:2024:i:2:p:462-498.

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2024Macro and micro of external finance premium and monetary policy transmission. (2024). Quaedvlieg, Rogier ; Gürkaynak, Refet ; Altavilla, Carlo ; Gurkaynak, Refet S. In: Working Paper Series. RePEc:ecb:ecbwps:20242934.

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2024Socio-Economic Determinants of the Financial Inclusion of Women and Men in Burkina Faso: An Analysis using the Sequential Logit Model. (2024). Compaore, Dimaviya Eugne ; Maiga, Boukar. In: International Journal of Economics and Financial Issues. RePEc:eco:journ1:2024-03-6.

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2024Measuring digital government service performance: Evidence from China. (2024). WEI, Chu ; Zhong, Ruohan ; Zhu, Bei. In: China Economic Review. RePEc:eee:chieco:v:83:y:2024:i:c:s1043951x23001906.

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2024Delayed tax rebates, cash flow, and corporate spending: A quasi-experiment from China. (2024). Zhang, Haiyan ; Lu, Fangwen ; Wang, Dehua. In: China Economic Review. RePEc:eee:chieco:v:85:y:2024:i:c:s1043951x24000233.

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2024Does bank competition improve borrower welfare? Evidence from China. (2024). Zeng, Sheng ; Wei, QI ; Tao, Qingmei. In: Economic Analysis and Policy. RePEc:eee:ecanpo:v:82:y:2024:i:c:p:1353-1368.

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2024Pushing and pulling on a string? Inflationary effects of expansionary and contractionary monetary policies when rates are negative. (2024). Laine, Olli-Matti ; Pihlajamaa, Matias. In: Economic Modelling. RePEc:eee:ecmode:v:131:y:2024:i:c:s0264999323004327.

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2024Understanding the heterogeneity of interest rate adjustments to monetary policy: Evidence for Colombia. (2024). Perez, Alex ; Meneses, Luis Angel ; Benavides-Franco, Julian ; Carabali, Jaime. In: Economic Modelling. RePEc:eee:ecmode:v:139:y:2024:i:c:s026499932400186x.

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2024US banks efficiency after global financial crisis: Transient and persistent decomposition. (2024). Ferrara, Giancarlo ; Kounetas, Konstantinos E. In: The North American Journal of Economics and Finance. RePEc:eee:ecofin:v:72:y:2024:i:c:s1062940824000408.

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2024Banking market structure and corporate investment efficiency. (2024). Huynh, Japan. In: The North American Journal of Economics and Finance. RePEc:eee:ecofin:v:74:y:2024:i:c:s106294082400161x.

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2024The impacts of innovation and trade openness on bank market power: The proposal of a minimum distance cost function approach and a causal structure analysis. (2024). FUKUYAMA, HIROFUMI ; Tan, Yong ; Tsionas, Mike. In: European Journal of Operational Research. RePEc:eee:ejores:v:312:y:2024:i:3:p:1178-1194.

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2024Financial intermediation around national elections: Evidence of state-owned banks as credit smoothers. (2024). Sun, Wei ; Teclezion, Mussie ; Marcelin, Isaac ; Lo, Gaye-Del ; Sene, Babacar. In: Emerging Markets Review. RePEc:eee:ememar:v:61:y:2024:i:c:s156601412400061x.

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2024Is bank competition conducive to corporate ESG performance?. (2024). Li, Xue ; Xing, Tiancai ; Feng, Nianqiao. In: International Review of Financial Analysis. RePEc:eee:finana:v:95:y:2024:i:pb:s1057521924004411.

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2024The role of accounting standards in financial inclusion. (2024). Awuye, Isaac S ; Osei-Tutu, Francis ; Taylor, Daniel. In: International Review of Financial Analysis. RePEc:eee:finana:v:96:y:2024:i:pa:s105752192400526x.

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2024The impact of bank credit corruption on firms carbon emission reduction innovations: Empirical evidence from China. (2024). Sun, Wenyan ; Rui, Linlin ; Xu, Fangyuan. In: Finance Research Letters. RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012564.

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2024Inclusive finance and household education investment: an asset management perspective. (2024). Cao, Yuna ; Chen, Xiuchen. In: Finance Research Letters. RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008018.

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2024Does the big data credit platform reduce corporate credit resource mismatch: Evidence from China. (2024). Zhou, Xin ; Fu, Yiting. In: Finance Research Letters. RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324011620.

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2024Does money buy innovation? The effect of the “Innovative City” pilot on firm innovation in China. (2024). Wu, DI ; Deng, Nanxin ; Zhou, Fan. In: Finance Research Letters. RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013564.

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2024Bank capital, liquidity creation and the moderating role of bank culture: An investigation using a machine learning approach. (2024). Matousek, Roman ; Thi, Loan Quynh ; Muradoglu, Gulnur. In: Journal of Financial Stability. RePEc:eee:finsta:v:72:y:2024:i:c:s1572308924000500.

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2024Digital finance era: Will individual investors become better players?. (2024). Lu, Xiaomeng ; Zhang, Xianjun ; Yue, Pengpeng ; Guo, Jiaojiao. In: Journal of International Financial Markets, Institutions and Money. RePEc:eee:intfin:v:91:y:2024:i:c:s1042443124000015.

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2024State-owned banks and international shock transmission. (2024). Kowalewski, Oskar ; Pisany, Pawe ; Borsuk, Marcin. In: Journal of International Financial Markets, Institutions and Money. RePEc:eee:intfin:v:91:y:2024:i:c:s1042443124000131.

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2024Examining the impact of liquidity creation on bank stability in the Asia Pacific region: Do ESG disclosures play a moderating role?. (2024). Kashiramka, Smita ; Gupta, Juhi. In: Journal of International Financial Markets, Institutions and Money. RePEc:eee:intfin:v:91:y:2024:i:c:s1042443124000210.

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2024Government guarantees and bank liquidity creation around the world. (2024). Li, Xinming ; Saheruddin, Herman ; Zhao, Daxuan ; Berger, Allen N. In: Journal of Banking & Finance. RePEc:eee:jbfina:v:158:y:2024:i:c:s0378426623002340.

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2024The beneficial effect of common ownership: Evidence from bank liquidity creation. (2024). Pathan, Shams ; Khoo, Joye ; Zheng, Chen. In: Journal of Banking & Finance. RePEc:eee:jbfina:v:163:y:2024:i:c:s037842662400089x.

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2024National culture of secrecy and firms’ access to credit. (2024). Pasiouras, Fotios ; Klein, Paul-Olivier ; Bertrand, Jeremie. In: Journal of Banking & Finance. RePEc:eee:jbfina:v:168:y:2024:i:c:s0378426624001912.

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2024International exposure and the transmission of financial shocks: Evidence from China. (2024). Zhang, Penglong ; Hu, Yushan. In: Journal of International Money and Finance. RePEc:eee:jimfin:v:149:y:2024:i:c:s0261560624001682.

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2024Banking behaviour and political business cycle in Africa: The role of independent regulatory policies of the central bank. (2024). Asongu, Simplice ; Agbloyor, Elikplimi Komla ; Nsafoah, Dennis ; Ofori-Sasu, Daniel. In: The Journal of Economic Asymmetries. RePEc:eee:joecas:v:29:y:2024:i:c:s1703494924000045.

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2024Socioeconomic and demographic determinants of financial inclusion in South Asia: Integrated policy for targeted groups of population. (2024). Kumar, Sumit ; Pradhan, Kalandi Charan. In: Journal of Policy Modeling. RePEc:eee:jpolmo:v:46:y:2024:i:3:p:655-682.

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2024Macro and micro of external finance premium and monetary policy transmission. (2024). Gürkaynak, Refet ; Altavilla, Carlo ; Quaedvlieg, Rogier ; Gurkaynak, Refet S. In: Journal of Monetary Economics. RePEc:eee:moneco:v:147:y:2024:i:s:s0304393224000874.

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2024How does bank competition affect trade-mode transformation? Evidence from Chinese export enterprises. (2024). Wang, Rui ; Mao, Keqi. In: Journal of Multinational Financial Management. RePEc:eee:mulfin:v:72:y:2024:i:c:s1042444x23000440.

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2024Fintech regulation and bank liquidity creation: Evidence from China. (2024). Liu, Shiyu ; Zhang, Qianqian ; Wang, BO. In: Pacific-Basin Finance Journal. RePEc:eee:pacfin:v:84:y:2024:i:c:s0927538x24000271.

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2024Do ESG disclosures mitigate investors’ reaction on mining disasters? Evidence from Brazil. (2024). Feria-Dominguez, Jose Manuel ; Fdez-Galiano, Ines Merino. In: The Quarterly Review of Economics and Finance. RePEc:eee:quaeco:v:95:y:2024:i:c:p:256-267.

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2024Financial instability in Lebanon: Do the liquidity creation and performance of banks matter?. (2024). Fromentin, Vincent ; Maroun, George. In: The Quarterly Review of Economics and Finance. RePEc:eee:quaeco:v:96:y:2024:i:c:s1062976924000644.

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2024Corruption, lending and bank performance. (2024). Molyneux, Philip ; Al-Fayoumi, Nedal ; ben Ammar, Mouldi ; Abuzayed, Bana. In: International Review of Economics & Finance. RePEc:eee:reveco:v:89:y:2024:i:pa:p:802-830.

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2024Does financial advisors improve portfolio efficiency for individual investors? Evidence from large-scale microdata. (2024). Lu, Xiaomeng ; Guo, Fusen ; Li, Feng. In: International Review of Economics & Finance. RePEc:eee:reveco:v:91:y:2024:i:c:p:400-412.

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2024How does competition influence liquidity creation? Exploring credit risk, foreign banks, and crisis. (2024). Lee, Chien-Chiang ; Lin, Yi-Ching ; Hsieh, Meng-Fen. In: International Review of Economics & Finance. RePEc:eee:reveco:v:93:y:2024:i:pa:p:419-441.

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2024Insight into the nexus between intellectual property pledge financing and enterprise innovation: A systematic analysis with multidimensional perspectives. (2024). Wang, Zeyu ; Zhang, Yiren ; Li, Yan ; Hu, Jian. In: International Review of Economics & Finance. RePEc:eee:reveco:v:93:y:2024:i:pa:p:700-719.

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2024Fintech, bank diversification and liquidity: Evidence from China. (2024). HU, YANG ; Corbet, Shaen ; Hou, Yang ; Tang, Mengxuan ; Oxley, Les. In: Research in International Business and Finance. RePEc:eee:riibaf:v:67:y:2024:i:pa:s0275531923002088.

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2024Assessing the impact of the expansion of pan-African banks and the institution’s quality on African banking stability. (2024). Goutte, Stéphane ; EL MOUSSAWI, Chawki ; Kouki, Imen ; Obeid, Hassan. In: Research in International Business and Finance. RePEc:eee:riibaf:v:70:y:2024:i:pa:s027553192400076x.

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2024Financial inclusion, digital technology, and economic growth: Further evidence. (2024). Mohd Daud, Siti Nurazira ; Ahmad, Abd Halim ; Trinugroho, Irwan. In: Research in International Business and Finance. RePEc:eee:riibaf:v:70:y:2024:i:pb:s0275531924001545.

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2024Banking competition and financial inclusion: Evidence from Ethiopia. (2024). Fielding, David ; Regasa, Dereje. In: World Development. RePEc:eee:wdevel:v:183:y:2024:i:c:s0305750x24002031.

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2025Banks’ Foreign Currency Revaluations and Liquidity Creation. (2025). Sokolov, Vladimir ; Gorodilov, Alexey. In: HSE Working papers. RePEc:hig:wpaper:99/fe/2025.

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2024Consequences of China’s 2018 Online Lending Regulation and the Promise of PolicyTech. (2024). Zheng, Zhiqiang ; Li, Xin ; Liu, Yidi. In: Information Systems Research. RePEc:inm:orisre:v:35:y:2024:i:3:p:1235-1256.

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2025Impact of dual banking system liquidity creation on economic activity. (2025). Bacha, Obiyathulla Ismath ; Ismail, Izlin ; Mantai, Mohammed Mahmoud. In: Economic Change and Restructuring. RePEc:kap:ecopln:v:58:y:2025:i:3:d:10.1007_s10644-025-09872-5.

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2024Investment externalities, bank liquidity creation, and bank failures. (2024). Dietrich, Diemo ; Vollmer, Uwe. In: Journal of Economics. RePEc:kap:jeczfn:v:141:y:2024:i:2:d:10.1007_s00712-023-00846-7.

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2024Financial Resilience in China: Conceptual Framework, Risk and Protective Factors, and Empirical Evidence. (2024). Chen, Ji-Kang ; Liu, Zewei. In: Journal of Family and Economic Issues. RePEc:kap:jfamec:v:45:y:2024:i:4:d:10.1007_s10834-023-09943-7.

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2025Price elasticity of wholesale demand for electricity in the regions of the Russian Federation. (2025). Tomskiy, S. In: Journal of the New Economic Association. RePEc:nea:journl:y:2025:i:66:p:117-131.

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2025Net interest margin decomposition for the Russian banking industry. (2025). Gorodilov, A. In: Journal of the New Economic Association. RePEc:nea:journl:y:2025:i:66:p:97-116.

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2024Financial inclusion and sustainable development: A review and research agenda. (2024). Daoud, Nejla Ould. In: Journal of Financial Services Marketing. RePEc:pal:jofsma:v:29:y:2024:i:4:d:10.1057_s41264-024-00269-5.

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2025Patterns of trust in financial services: critical factors and gender differences. (2025). Bachmann, Reinhard ; Sholevar, Maryam. In: Journal of Financial Services Marketing. RePEc:pal:jofsma:v:30:y:2025:i:2:d:10.1057_s41264-025-00303-0.

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2024Bank liquidity creation and solvency risk with moderating role of loan concentration: a comparative study of Islamic and conventional banks in Pakistan and Malaysia. (2024). Hushmat, Adnan ; Akram, Hassan. In: Risk Management. RePEc:pal:risman:v:26:y:2024:i:4:d:10.1057_s41283-024-00154-4.

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2024Sustainable financial inclusion: integrating sustainability principles into financial inclusion strategies. (2024). Ozili, Peterson. In: MPRA Paper. RePEc:pra:mprapa:120440.

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2024Comparative analysis of financial inclusion in Nigeria, sub-Saharan Africa and the World. (2024). Ozili, Peterson. In: MPRA Paper. RePEc:pra:mprapa:121527.

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2024Comparative analysis of financial inclusion in Nigeria, sub-Saharan Africa and the World. (2024). Ozili, Peterson ; Kingsley, Obiora. In: MPRA Paper. RePEc:pra:mprapa:121548.

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2024Does ICT Drive Fintech firm Performance? Evidence from BRICS ‎Countries ‎. (2024). NEIFAR, MALIKA. In: MPRA Paper. RePEc:pra:mprapa:121772.

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2024Budgetary policy and Macroeconomic resilience in Morocco: Assessment and Impact. (2024). RITAHI, OUSSAMA ; Echaoui, Abdellah. In: Prague Economic Papers. RePEc:prg:jnlpep:v:2024:y:2024:i:3:id:858:p:357-379.

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2024Bank capital and liquidity creation: Evidence from the Russian experience. (2024). Sokolov, Vladimir ; Gorodilov, Aleksei. In: Applied Econometrics. RePEc:ris:apltrx:0490.

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2024Do non-interest income activities matter for banking sector efficiency? A net interest margin perspective. (2024). Semenova, Maria ; Adesina, Kolade Sunday. In: Applied Econometrics. RePEc:ris:apltrx:0491.

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2024Effect of Fintech on Sustainable Development Goals: An Empirical Analysis. (2024). Thakkar, Nachiket ; Bhuyan, Rafiqul. In: Bulletin of Applied Economics. RePEc:rmk:rmkbae:v:11:y:2024:i:2:p:31-46.

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2024The effect of liquidity creation on systemic risk: evidence from European banking sector. (2024). Viviani, Jean-Laurent ; Srour, Zainab ; Saghi, Nadia ; Louhichi, Wal. In: Annals of Operations Research. RePEc:spr:annopr:v:334:y:2024:i:1:d:10.1007_s10479-022-04836-8.

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2024Financial Resilience and Adolescent Development: Exploring a Construct of Family Socioeconomic Determinants and Its Associated Psychological and School Outcomes. (2024). Liu, Zewei ; Chen, Ji-Kang. In: Child Indicators Research. RePEc:spr:chinre:v:17:y:2024:i:5:d:10.1007_s12187-024-10164-z.

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2024The effect of digital finance on Residents happiness: the case of mobile payments in China. (2024). Zhao, Chunkai ; Yan, Jianfeng ; Li, Xing. In: Electronic Commerce Research. RePEc:spr:elcore:v:24:y:2024:i:1:d:10.1007_s10660-022-09549-5.

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2025Long-term effects of institutional quality on financial inclusion in Asia–Pacific countries. (2025). Vo, Duc Hong. In: Financial Innovation. RePEc:spr:fininn:v:11:y:2025:i:1:d:10.1186_s40854-024-00727-y.

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2024The impact of network coverage on adoption of Fintech and financial inclusion in sub-Saharan Africa. (2024). Mothobi, Onkokame ; Kebotsamang, Kago. In: Journal of Economic Structures. RePEc:spr:jecstr:v:13:y:2024:i:1:d:10.1186_s40008-023-00326-7.

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2024Does Financial Inclusion Promote Environmental Sustainability: Analyzing the Role of Technological Innovation and Economic Globalization. (2024). Shabir, Mohsin. In: Journal of the Knowledge Economy. RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-022-01035-5.

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2024Financial Inclusion in India Amid Covid-19 Pandemic: Recent Trends and Determinants. (2024). Soni, Shnehal. In: Journal of the Knowledge Economy. RePEc:spr:jknowl:v:15:y:2024:i:4:d:10.1007_s13132-024-01992-z.

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2025Digital finance leads women entrepreneurship and poverty mitigation for sustainable development in Bangladesh. (2025). Khan, Ashik Imran ; Rahman, Md Zillur ; Alom, Khairul ; Akbar, Delwar ; Mallick, Anamika ; Ali, Md Ashraf ; Hossain, Md Mamun. In: Journal of Innovation and Entrepreneurship. RePEc:spr:joiaen:v:14:y:2025:i:1:d:10.1186_s13731-025-00471-2.

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2025The Impact of Ownership and Financial Stability on Bank Liquidity Creation. (2025). Sudarto, Sudarto ; Purnomo, Jati Dian ; Najmudin, Najmudin ; Rabiatul, Adawiyah Wiwiek. In: Studia Universitatis „Vasile Goldis” Arad – Economics Series. RePEc:vrs:suvges:v:35:y:2025:i:1:p:30-48:n:1002.

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2025Determinants of Bank Interest Spreads in Tajikistan. (2025). Calice, Pietro. In: Policy Research Working Paper Series. RePEc:wbk:wbrwps:11044.

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2024Managing bank liquidity hoarding during uncertain times: The role of board gender diversity. (2024). Weill, Laurent ; King, Tatiana ; Davydov, Denis. In: Financial Markets, Institutions & Instruments. RePEc:wly:finmar:v:33:y:2024:i:3:p:323-348.

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2024Financial Inclusion Challenges Faced by Rural Micro Businesses in Cuddalore District of India. (2024). Pazhanisamy, R. In: EconStor Preprints. RePEc:zbw:esprep:289783.

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Works by Zuzana Fungáčová:


YearTitleTypeCited
2013Does competition influence bank failures? In: The Economics of Transition.
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article51
2010How Market Power Influences Bank Failures Evidence from Russia.(2010) In: Working Papers of LaRGE Research Center.
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This paper has nother version. Agregated cites: 51
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2006A castle built on sand : the effects of mass privatization on stock market creation in transition economies In: BOFIT Discussion Papers.
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paper0
2008Risk-taking by Russian banks : do location, ownership and size matter? In: BOFIT Discussion Papers.
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paper4
2009Asymmetric information and loan spreads in Russia : evidence from syndicated loans In: BOFIT Discussion Papers.
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paper0
2009How market power influences bank failures : Evidence from Russia In: BOFIT Discussion Papers.
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paper17
2009Determinants of bank interest margins in Russia : Does bank ownership matter? In: BOFIT Discussion Papers.
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paper10
2010Market power in the Russian banking industry In: BOFIT Discussion Papers.
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paper44
2010Stock market reaction to debt financing arrangements in Russia In: BOFIT Discussion Papers.
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paper1
2010Bank capital, liquidity creation and deposit insurance In: BOFIT Discussion Papers.
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paper4
2011Like China, the Chinese banking sector is in a class of its own In: BOFIT Discussion Papers.
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paper6
2011The Influence of Bank Ownership on Credit Supply : Evidence from the Recent Financial Crisis In: BOFIT Discussion Papers.
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paper9
2012Bank stress tests as an information device for emerging markets : The case of Russia In: BOFIT Discussion Papers.
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2012Is bank competition detrimental to efficiency? : Evidence from China In: BOFIT Discussion Papers.
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paper2
2013Does excessive liquidity creation trigger bank failures? In: BOFIT Discussion Papers.
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paper7
2013Fiscal policy and regional output volatility : Evidence from Russia In: BOFIT Discussion Papers.
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2013Does bank competition influence the lending channel in the euro area In: BOFIT Discussion Papers.
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paper16
2014Does money buy credit? : Firm-level evidence on bribery and bank debt In: BOFIT Discussion Papers.
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2014Understanding financial inclusion in China In: BOFIT Discussion Papers.
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2020Persistent and transient inefficiency: Explaining the low efficiency of Chinese big banks11We thank Ifthekar Hasan, Chun-Yu Ho, Iikka Korhonen, Jun Wu, Yanrui Wu, the participants of the Conference on Chinas Financial Markets and Growth Rebalancing in New York (October 2017), AEA/ASSA meeting in Philadelphia (January 2018), Finnish Economic Association XL Annual Meeting in Turku (February 2018), ESCB China Expert Network workshop in Helsinki (March 2018), XIX April International Academic Conference in Moscow (April 2018), China Financial and Banking System Workshop in Aberdeen (June 2018), CEA Annual Meeting in Edinburgh (June 2018) and the research seminars at the Bank of Finland Institute for Economies in Transition (October 2017), Aix-Marseille School of Economics (January 2018), Leibniz-Institut für Ost- und Südosteuropaforschung in Regensburg (June 2018) for their valuable comments and suggestions. In: China Economic Review.
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