Series: IMF Working Papers
Author(s): Mali Chivakul , and Waikei Lam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 March 2015
Keywords: leverage, state-owned enterprise (SOE), real estate, interest rate shock, debt, interest, interest rate, profit, indebtedness, General,
This paper documents and assesses the risk stemming from rising corporate indebtedness in China using a firm-level dataset of listed firms. It finds that while leverage on average is not high, there is a fat tail...