McIver, Ron - In: International Journal of Economic Policy in Emerging … 2 (2009) 4, pp. 391-414
This paper analyses China's success in establishing a commercially–oriented bank system, the system's ongoing … concludes that China's major banks lacked sufficient balance sheet liquidity to operate as commercial banks. Additionally, while … China's banking system was highly sensitive to the macro-economic environment, existence of a financial crisis is not …