The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes
收藏NBER2017-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23598
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资源简介：
Chinas four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking activities after 2012. Local governments financed the stimulus through bank loans in 2009, and resorted to non-bank debt financing after 2012 given the rollover pressure from bank
提供机构：
美国国家经济研究局
创建时间：
2017-07-01
