Horn, Sebastian; Parks, Bradley; Reinhart, Carmen M.; … - 2023 - First draft: March 2023
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt … by the People’s Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in …-owned banks and enterprises have given out an additional USD 70 billion in rescue loans for balance of payments support. Taken …