IDEAS home Printed from https://ideas.repec.org/p/eps/cepswp/10861.html
   My bibliography  Save this paper

Monetary policy and the over-investment cycle: China as an extreme case

Author

Listed:
  • Gros, Daniel

Abstract

Against the background of the severe turbulence that is hitting global stock markets, Daniel Gros examines the looming slowdown in the Chinese economy in this CEPS Commentary, which he attributes to an underlying �real� domestic investment/savings imbalance. Given the magnitude of this imbalance, Gros thinks it is unlikely to be solved by monetary policy and that the best that can be hoped for is that the central banks will manage to �paper over� some of the unavoidable symptoms in credit markets.

Suggested Citation

  • Gros, Daniel, 2015. "Monetary policy and the over-investment cycle: China as an extreme case," CEPS Papers 10861, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:10861
    as

    Download full text from publisher

    File URL: https://www.ceps.eu/system/files/DG%20Overinvestment%20cycle%20China.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Barslund, Mikkel & Alcidi, Cinzia, 2015. "China�s slowdown: When the dragon catches the flu, Europe sneezes," CEPS Papers 10960, Centre for European Policy Studies.
    2. Shen, Jianfu & Firth, Michael & Poon, Winnie P.H., 2016. "Credit Expansion, Corporate Finance and Overinvestment: Recent Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 39(C), pages 16-27.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eps:cepswp:10861. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Margarita Minkova (email available below). General contact details of provider: https://edirc.repec.org/data/cepssbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.