Can Seigniorage Revenue Keep China's Financial System Afloat?
AbstractThe main problem that this paper addresses is that the people's bank of China and China's state-owned banks have undertaken and continue to undertake large quasi-fiscal activities. Transfers from the Chinese banking system in the form of interest subsidies and loan default averaged over 5% of GDP over the period 1992-94.
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Bibliographic InfoPaper provided by University of Birmingham - International Financial Group in its series Papers with number 97-09.
Length: 25 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: The University of Birmingham; International Financial Group, Birmingham B15 2T T, United Kingdom.
BANKS ; CHINA;
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
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