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008181108s2018    onca    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |aa-cc---
0861 |aFB3-5/2018-53E-PDF
1001 |aBi, Huixin.
24510|aNon-performing loans, fiscal costs and credit expansion in China |h[electronic resource] / |cby Huixin Bi, Yongquan Cao and Wei Dong.
260 |a[Ottawa] : |bBank of Canada, |c2018.
300 |aiii, 30 p. : |bcol. ill.
4901 |aBank of Canada staff working paper, |x1701-9397 ; |v2018-53
500 |a"November 2018."
504 |aIncludes bibliographical references (p. 18-19).
5203 |a"This paper studies how the credit expansion policy pursued by the Chinese government in an effort to stimulate its economy in the post-crisis period affects bank–firm loan contracts and the macroeconomy. We build a structural model with financial frictions in which the optimal loan contract reflects the trade-off between leverage and the probability of default"--Abstract, p. ii.
546 |aIncludes abstract in French.
693 4|aCredit control--China
7001 |aCao, Yongquan.
7001 |aDong, Wei.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2018-53.|w(CaOODSP)9.806221
85640|qPDF|s1.51 MB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-53-eng.pdf