Moral Hazard or Moral Imperative?

Wei Yen

Chapter 11 in From the Great Wall to Wall Street, 2017, pp 195-220 from Springer

Abstract: Abstract China’s binge investments since 2008 have racked up a huge amount of debt in its financial system. Much of it went for fixed asset investments, especially property development. This raises the concern that if the Chinese property bubble was to burst, it could lead to a Minsky moment (see below), followed by a devastating Lehman moment and a financial collapse.

Keywords: Local Government; Stock Market; Cash Flow; Chinese Government; Hedge Fund (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-33008-2_11

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DOI: 10.1007/978-3-319-33008-2_11

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