Non-performing loans, fiscal costs and credit expansion in China / by Huixin Bi, Yongquan Cao and Wei Dong.: FB3-5/2018-53E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.864469&sl=0
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| Title | Non-performing loans, fiscal costs and credit expansion in China / by Huixin Bi, Yongquan Cao and Wei Dong. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | iii, 30 p. : col. ill. |
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