Banking and Finance Run Amok

Mark A. Weaver

Chapter Chapter 6 in Animal Spirits with Chinese Characteristics, 2012, pp 101-121 from Palgrave Macmillan

Abstract: Abstract The Chinese banks have always been enthusiastic participants in investment booms. They are the most important source of external financing for the construction of infrastructure, industrial capacity expansion, and speculation in real estate and financial assets. Without their active involvement China’s boom—bust cycle would be considerably less extreme.

Keywords: Local Government; Related Party; Asset Investment; Risk Management System; Employee Stock Option (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-11012-1_6

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DOI: 10.1057/9781137110121_6

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