Horn, Sebastian; Parks, Bradley; Reinhart, Carmen M.; … - 2023 - First draft: March 2023
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 … amounts are growing fast. However, China’s rescue loans differ from those of established international lenders of last resort …