Current account surplus may damp the effects of China’s credit boom
Jonathan Davis,
Adrienne Mack,
Wesley Phoa and
Anne Vandenabeele
Economic Letter, 2015, vol. 10, issue 1, 4 pages
Abstract:
In contrast to similar credit expansions in the euro periphery in the 2000s and East Asia in the 1990s, China?s credit boom is far less likely to end in a dramatic bust because it?s financed by domestic savings.
Date: 2015
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