China's Debt Bomb
Milken Institute Review: A Journal of Economic Policy, 2009
Posted: 4 Oct 2009
Date Written: October 2, 2009
As this piece is being written, the Obama administration is exploring the idea of creating one or more aggregator institutions, “bad” banks, to take illiquid assets - mostly mortgages and mortgage-related securities of uncertain value - off the hands of the private banking system. Indeed, by the time you read this, the bad bank(s) may already have been created.
Keywords: Nonperforming assets, China, financial crisis, banking regulation
JEL Classification: G2, O1, O53
Suggested Citation: Suggested Citation