A More Realistic Policy Orientation: Stabilizing the Slope of Rising Leverage Ratio
Shusong Ba ()
Chapter Chapter 5 in The New Cycle and New Finance in China, 2022, pp 35-38 from Springer
Abstract:
Abstract The macropolicy and economic performance in the past few years were closely related to deleveraging. The huge debt expansion since 2009 has brought China’s economy into the vortex of debt; inflation in 2010 turned into debt deflation in 2012.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8209-4_5
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DOI: 10.1007/978-981-16-8209-4_5
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