Abstract
Debt crises have become the indispensable essential elements in modern economic crises. The most appropriate tool for analyzing a country’s debt situation is the balance sheet of the country. Therefore, in order to reveal the root causes of a crisis, analyze its spread process and find the solutions, investigation on the assets and liabilities of the country where the crisis occurred as well as their dynamic equilibriums is sorely needed.
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Notes
- 1.
Among them, the first three mismatches, i.e. maturity mismatch, currency mismatch and capital structure mismatch, can be generally called balance sheet mismatch.
- 2.
Li Yang, Zhang Xiaojing, Chang Xin, Tong Duoduo and Li Cheng (2012), “China’s Sovereign Balance Sheet and Its Risk Assessment” (Vol. 1 and 2), “Economic Research”, Issue 6 and 7, 2012.
- 3.
Li Yang, Zhang Xiaojing, 2013, “China’s sovereign balance sheet and implications for financial stability”, in China’s Road to Greater Financial Stability: Some Policy Perspectives, edited by Udaibir S. Das, Jonathan Fiechter, and Tao Sun. The IMF Press.
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© 2017 China Social Sciences Press and Springer Science+Business Media Singapore
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Li, Y., Zhang, X. (2017). Introduction. In: China's National Balance Sheet. China Insights. Springer, Singapore. https://doi.org/10.1007/978-981-10-4385-7_1
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DOI: https://doi.org/10.1007/978-981-10-4385-7_1
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