Who Pays China’s Bank Restructuring Bill?
AbstractThis paper addresses questions related to the cost of China's bank restructuring and financing. We first propose a framework for recognizing losses. Then, we examine the recent major moves by the Chinese government to repair the country's bank balance sheets. Finally, we explore the implications of the Chinese ways of funding the bank restructuring. We find that the Chinese government has been decisive in confronting the costly task of bank restructuring. Looking through the elaborate funding arrangements adopted so far, the Chinese taxpayers have paid most of the bill. (c) 2007 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.
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Bibliographic InfoPaper provided by CEPII research center in its series Working Papers with number 2006-04.
Date of creation: Feb 2006
Date of revision:
Banking system; Restructuring;
Other versions of this item:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- P34 - Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-04-22 (All new papers)
- NEP-CNA-2006-04-22 (China)
- NEP-DEV-2006-04-22 (Development)
- NEP-FIN-2006-04-22 (Finance)
- NEP-FMK-2006-04-22 (Financial Markets)
- NEP-SEA-2006-04-22 (South East Asia)
- NEP-TRA-2006-04-22 (Transition Economics)
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