| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26050 |
| 来源ID | Working Paper 26050 |
| China\u2019s Overseas Lending | |
| Sebastian Horn; Carmen M. Reinhart; Christoph Trebesch | |
| 发表日期 | 2019-07-08 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Compared with China’s pre-eminent status in world trade, its role in global finance is poorly understood. This paper studies the size, characteristics, and determinants of China’s capital exports building a new database of 5000 loans and grants to 152 countries, 1949-2017. We find that 50% of China’s lending to developing countries is not reported to the IMF or World Bank. These “hidden debts” distort policy surveillance, risk pricing, and debt sustainability analyses. Since China’s overseas lending is almost entirely official (state-controlled), the standard “push” and “pull” drivers of private cross-border flows do not apply in the same way. |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics ; Globalization and International Relations ; Financial Economics ; Financial Markets ; Public Economics ; National Fiscal Issues ; History ; Financial History ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w26050 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583723 |
| 推荐引用方式 GB/T 7714 | Sebastian Horn,Carmen M. Reinhart,Christoph Trebesch. China\u2019s Overseas Lending. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26050.pdf（2520KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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