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This paper shows that politicians' pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank...
Persistent link: https://www.econbiz.de/10010511310
This paper shows that politicians' pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank...
Persistent link: https://www.econbiz.de/10010519457
debt in China, and the corresponding burden on banks of impaired assets. It finds that such techniques can play a role, but …
Persistent link: https://www.econbiz.de/10011552683
This paper shows that politicians' pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank...
Persistent link: https://www.econbiz.de/10011932159
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