| Sharing China＇s Bank Restructuring Bill |
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| 作者姓名： | Guonan Ma Senior Economist the Representative Office for Asia and the Pacific of Bank for International Settlements |
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| 作者单位： | Senior Economist, the Representative Office for Asia and the Pacific of Bank for International Settlements （BIS） |
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| 摘 要： | I. Introduction Bank restructuring, including resolution of non-performing loans (NPL) and the associated recapitalization of banks, is often costly, but is crucial for the stability and efficient functioning of banking systems.1 Although effectively stemming the flow of new NPL is necessary for sustained improvement in the banking system, the importance of dealing with the stock of legacy NPL still on the books of banks or within the system should not be understated: it might reveal the p…
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| 关 键 词： | 中国 银行 资产结构 不良贷款 |
Sharing China's Bank Restructuring Bill |
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| Guonan Ma Senior Economist,the Representative Office for Asia and the Pacific of Bank for International Settlements.Sharing China''s Bank Restructuring Bill[J].China & World Economy,2006,14(3):19-37. |
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| Authors: | Guonan Ma |
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| Abstract: | This paper addresses the questions related to the cost of China's bank restructuring and how it has been financed. We first propose a framework for recognizing losses. Then, we examine the recent major moves by the Chinese Government to repair the country's bank balance sheets. Finally, we explore the implications of the Chinese Government's methods of funding bank restructuring. We find that the Chinese Government has been decisive in confronting the costly task of bank restructuring. So far, Chinese taxpayers have paid most of the bill for bank restructuring. (Edited by Xiaoming Feng) |
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| Keywords: | China bank restructuring non-performing loans recapitalization |
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