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Wege aus der Covid-19-Krise: Chinesische Banken und die Hoffnung auf globales Wirtschaftswachstum

Author

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  • Böhnke Victoria

    (Westfälische Wilhelms-Universität MünsterInstitut für KreditwesenMünsterGermany)

Abstract

In crisis times a stable financial system is the basis to stimulate economic growth. In the bank-centered Chinese financial system mainly banks provide additional capital to the economy. According to the International Monetary Fund, the Chinese banking system represents one of the key weak spots of global financial stability. Do Chinese banks mitigate the negative consequences of the Covid-19 crisis or do they increase the risks? Based on the strengths and weaknesses of the Chinese banking system, I discuss the relevance of China for global economic growth. In summary, Chinese banks secure China’s short-term growth and lead the global economy back on the growth track. In the long run, the stability of the financial system depends on China’s ability to shape a sustainable financial system based on even more extensive reforms.

Suggested Citation

  • Böhnke Victoria, 2021. "Wege aus der Covid-19-Krise: Chinesische Banken und die Hoffnung auf globales Wirtschaftswachstum," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 70(2), pages 189-213, August.
    • Handle: RePEc:lus:zwipol:v:70:y:2021:i:2:p:189-213:n:5
    DOI: 10.1515/zfwp-2021-2054
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    More about this item

    Keywords

    Bank; China; Financial stability;
    All these keywords.

    JEL classification:

    • 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

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