00000nam 2200000za 4500 9.864469 CaOODSP 20221107161541 cr ||||||||||| 181108s2018 onca ob f000 0 eng d CaOODSP eng eng fre a-cc--- FB3-5/2018-53E-PDF Bi, Huixin. Non-performing loans, fiscal costs and credit expansion in China [electronic resource] / by Huixin Bi, Yongquan Cao and Wei Dong. [Ottawa] : Bank of Canada, 2018. iii, 30 p. : col. ill. Bank of Canada staff working paper, 1701-9397 ; 2018-53 "November 2018." Includes bibliographical references (p. 18-19). "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. Includes abstract in French. Credit control--China Cao, Yongquan. Dong, Wei. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2018-53. (CaOODSP)9.806221 PDF 1.51 MB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-53-eng.pdf