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xv Abbreviations ABC Agricultural Bank of China ADBC Agricultural Development Bank of China BoD Board of directors BoS Board of supervisors BRI Bank Rakyat Indonesia CBE Commune and brigade enterprise CBRC China Banking Regulatory Commission CCP Chinese Communist Party GDP Gross domestic product ICBC Industrial and Commercial Bank of China LGFV Local government financing vehicles MPF Market preserving federalism NGO Nongovernmental organization NPL Nonperforming loan OEM Original equipment manufacturer PBoC People’s Bank of China RCC Rural credit cooperative RCF Rural cooperative foundation SBC Soft budget constraint SME Small or medium-sized enterprise SOE State-owned enterprise TBTF Too big to fail TVE Township and village enterprise UNDP United Nations Development Programme VAT Value-added tax ...

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