Discover and read the best of Twitter Threads about #firms

Most recents (7)

Super excited to see our paper on #Covid19 #Fiscal Support and its Effectiveness, with Alexander Chudik @DallasFed & @mraissi80 @IMFNews, out in Economics Letters. You can read it (free access) from here: authors.elsevier.com/c/1dDlMbZedt0om #TGVAR 1/n Image
With new variants/waves & reimposition of restrictions in some regions, governments around the world are calling for a careful assessment of the effectiveness of the adopted #Covid19 #fiscal measures before they embark on further easing or tailoring of measures 2/n
The #Covid19 pandemic led to a sharp tightening of global #financial conditions at the acute phase of the crisis and has inflicted large economic losses across the world (see Figure below) ... 3/n Image
Read 28 tweets
Daily Bookmarks to GAVNet 04/09/2021 greeneracresvaluenetwork.wordpress.com/2021/04/09/dai…
Europe’s third wave: ‘It’s spreading fast and it’s spreading everywhere’

ft.com/content/d1af35…

#COVID19 #waves #surges #europe
PSYOP, Cyber, and InfoWar: Combating the New Age IED - Modern War Institute

mwi.usma.edu/psyop-cyber-an…

#cybersecurity #infowars #military #InformationSecurity
Read 10 tweets
A tremendous amount of ink has been spilled discussing the supposed quandary of the #equity market’s robust recovery since March, while at the same time #economic improvement has been more uneven and uncertain.
At the heart of this misunderstanding is an apples-to-oranges comparison: the fact is that the #stock #market and the #economy, while connected, are two meaningfully distinct entities.
As a case in point, the correlation between domestic corporate #profits and #GDP #growth collapsed in the 1990s and has hovered near zero for the past three decades. Image
Read 7 tweets
Past experience has spoken against the effectiveness of setting rigid targets and eligibility requirements to enhance commercial sustainability of #financial institutions. Assessing the effectiveness of #banks’ support to private #firms only by quantitative measures isn't valid.
But this doesn't mean evaluation isn't needed, instead we should evaluate from multi dimensions, while following #market rules, taking into account the quantity, #efficiency and #quality of #loans, and enhancing the precision of support and banks’ #commercial #sustainability.
It is better not to rely on rigid measures, otherwise a variety of old problems would repeatedly occur. By Xiao Gang, former #CSRC Chairman and CF40 non-resident senior fellow.
Read 3 tweets
Different types of private #firms have different appeals and demands, so different approaches are adopted to support them now. Local #governments, out of social #stability considerations, mainly channel their support towards large firms that are major #employment contributors.
#State-owned #asset platforms are more concerned about #profitability for fear of loss or reduction of state assets. #Securities companies which have a lot of #equity #pledge worry more about how to address #risks related to the pledges.
#Banks are more willing to support private #firms which not only run well but also have adequate #capital. These #entities all make rational choices, but in the long run, there are still rules and standards to be set. By Xiao Gang, former #CSRC Chairman.
Read 3 tweets
According to Xiao Gang, former #CSRC Chairman and CF40 non-resident senior fellow, #China should develop a #market-oriented, diversified and law-based #financial #service system, which requires efforts in nine aspects:
1. improve standards and rules to support private #firms;
2. respect #market rules and enhance #commercial #sustainability of #financial institutions;
3. #reform the existing financial institutions system;
4. accelerate the transformation of #commercial #banks;
5. build a multi-level #capital #market;
6. develop #Fintech and apply #BigData big to support inclusive #finance;
7. establish and improve the #chattel financing system;
8. accelerate the development of #asset #securitization;
9. strengthen rule of #law and enhance the stability and continuity of #policies.
Read 3 tweets

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