Zhang, Wenlang; Zhang, Zhiwei; Han, Gaofeng - In: Journal of Asian Economics 21 (2010) 3, pp. 280-292
The current financial crisis differs from most post-war recessions in that the balance sheets of both households and banks have been severely damaged, which could lead to structural changes in the behavior of households. Therefore, it may exert some far-reaching effects on regional economies in...