GOVERNMENTS' DILEMMA
NAVIGATING IN A SEA OF INSOLVENT BAILOUTS
DOI:
https://doi.org/10.56258/issn.2763-8197.v3n2.p269-282Keywords:
Insolvency, crisis, creditAbstract
A housing crisis, such as the one that occurred in the US between 2007 and 2009, can trigger an intense credit crunch both domestically and internationally. Declining construction and overvalued assets can spread recession and uncertainty, initially affecting the financial system and subsequently the wider economy. Both the public and private sectors can be affected, making speed and precision in rescue decisions by governments crucial. This paper addresses the current real estate crisis in China, which has a significant impact on the country's financial system and compromises other areas such as public borrowing and economic growth, due to the magnitude of the values in dispute
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Copyright (c) 2023 International Law and Business Review
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Este trabalho está licenciado com uma Licença Creative Commons - Atribuição-NãoComercial-SemDerivações 4.0 Internacional.
