Wednesday - December 4, 2024
Federal Reserve Bank of San Francisco: "The Crowding-In Effects of Local Government Debt in China"
December 01, 2024
SAN FRANCISCO, California, Dec. 1 (TNSres) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2024-35) on November 14, 2024, by Xiaoming Li, Zheng Liu, Yuchao Peng and Zhiwei Xu entitled "The Crowding-In Effects of Local Government Debt in China."

Here are excerpts:

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We study how changes in the composition of Chinese local government debt influenced bank risk taking, credit allocation, and local productivity. U . . .

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