The Chinese conundrum external financial strength, domestic financial weakness

Literaturverz. S. 393-395

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:CESifo GmbH CESifo economic studies
1. Verfasser: Setser, Brad (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2006
Schlagworte:
Finanzsystem > Leistungsbilanz > Investition > Bankrechnungslegung > Kreditgeschäft > Internationale Staatsschulden > Bankenkrise > Risiko > China > Aufsatz in Zeitschrift
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Zusammenfassung:Literaturverz. S. 393-395
China's recent investment boom looks much like the investment boom in the Asian tigers of the 1990s. Both were marked by a surge in bank credit to the private sector, a real estate boom and questions about the quality of domestic financial intermediation. Yet, China has few of the external vulnerabilities that marked the Asian tigers. Its current account surplus is rising, and its reserves far exceed its short-term external debt. However, China's external strength is unlikely to allow it to avoid future banking trouble and a new round of costly non-performing loans. The trigger for the next generation of bad loans in China, though, will not be sudden withdrawal of external credit
Beschreibung:graph. Darst.
ISSN:1610-241X