Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China
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The rise of shadow banking and attendant financial fragility in China can be traced to intensified deposit competition following the global financial crisis (GFC). Deposit competition intensified after the GFC because the GFC slowed down banks deposit growth from cross-border money inflows and
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美国国家经济研究局创建时间：
2024-01-01
