Data and Code for: Debt Distress on China's Belt and Road
收藏ICPSR2023-01-01 更新2026-04-16 收录
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资源简介:
This paper shows that China’s lending boom to developing country sovereigns has largely ended and that debt distress and defaults are increasingly common. Chinese lenders react to this challenge through two main coping strategies. First, bilateral sovereign debt restructurings, typically with maturity extensions but no face value cuts and, second, rescue loans that allow debtors to avoid or delay default. Low-income countries tend to receive debt restructurings, whereas emerging market countries are more likely to receive rescue loans. We speculate that the differential crisis response is due to the different exposure levels of Chinese state banks. <br><br><br><br><br>
提供机构:
Harvard University. Kennedy School of Government. Joan Shorenstein Center on the Press, Politics and Public Policy; AidData; World Bank; Kiel Institute for the World Economy
创建时间:
2023-01-01



