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.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Non-performing loans, fiscal costs and credit expansion in China / by Huixin Bi, Yongquan Cao and Wei Dong. |
| Series title | Bank of Canada staff working paper, 1701-9397 ; 2018-53 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "November 2018." Includes bibliographical references (p. 18-19). Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, 2018. |
| Author / Contributor | Bi, Huixin. Cao, Yongquan. Dong, Wei. |
| Description | iii, 30 p. : col. ill. |
| Catalogue number |
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| Subject terms | Credit control--China |
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