Is Higher Financial Stress Lurking around the Corner for China?

Jan Groen and Adam I. Noble

No 20211123, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Despite China’s tighter financial policies and the Evergrande troubles, Chinese financial stress measures have been remarkably stable around average levels. Chinese financial conditions, though, are affected by global markets, making it likely that low foreign financial stress conditions are blurring the state of Chinese financial markets. In this post, we parse out the domestic component of a Chinese financial stress measure to evaluate the downside risk to future economic activity.

Keywords: financial conditions; growth-at-risk; China (search for similar items in EconPapers)
JEL-codes: E2 G1 (search for similar items in EconPapers)
Date: 2021-11-23
New Economics Papers: this item is included in nep-cna, nep-fdg, nep-ifn, nep-mac and nep-rmg
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