rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … replicated in China. This paper shows that there are some significant differences between China and the West, especially the US … and the UK. Compared with the US and other western industrialized economies, the booming house market in China has been …

latent thesis is that, notwithstanding differences in economic development, the more centralized arrangement of China allowed …

USA and UK but very large in China. The US and UK money multipliers collapsed because the required capital adequacy ratio …In 2008–09, the USA and the UK undertook quantitative easing to drive interest rates to near zero to combat the global … financial crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in the …