Trade Shocks and Credit Reallocation
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https://www.nber.org/papers/w31111
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This paper identifies a credit-supply contraction that arises endogenously after trade liberalization. Banks with loan portfolios concentrated in sectors exposed to competition from China face an increase in non-performing loans after Chinas entry into the World Trade Organization. As a result, they
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美国国家经济研究局创建时间：
2023-04-01
