登入選單
返回Google圖書搜尋
Credit Booms—Is China Different?
Ms.Sally ChenMr.Joong S Kang
出版International Monetary Fund, 2018-01-05
主題Business & Economics / Money & Monetary PolicyBusiness & Economics / Accounting / FinancialBusiness & Economics / Public Finance
ISBN14843368529781484336854
URLhttp://books.google.com.hk/books?id=OjoYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China’s credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth slowdown. Several China-specific factors—high savings, current account surplus, small external debt, and various policy buffers—can help mitigate near-term risks of a disruptive adjustment and buy time to address risks. But, if the risks are left unaddressed, these mitigating factors will likely not eliminate the eventual adjustment, but make the boom larger and last longer. Hence, decisive policy action is needed to deflate the credit boom safely.