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- W2264842016 abstract "China recently experienced the most severe cash crunch since the 2008 financial crisis, which was evidenced by skyrocketing money market rates in mid-June 2013. Commercial banks rushed to raise funds from the money market in order to meet capital requirements, pushing up the interbank lending rate as high as 28 percent. The sudden cash crunch shocked the global markets. This article analyzes why this credit crunch took place and why China’s central bank, unlike what it often did through “credit easing,” refused to inject any credit liquidity into the market this time." @default.
- W2264842016 created "2016-06-24" @default.
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- W2264842016 date "2013-11-22" @default.
- W2264842016 modified "2023-09-26" @default.
- W2264842016 title "The Latest Credit Crunch in China's Banking Sector: Short-Term Pain or Long-Term Gain?" @default.
- W2264842016 hasPublicationYear "2013" @default.
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