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Evolution of the Chinese guarantee network under financial crisis and stimulus program

Economics

Evolution of the Chinese guarantee network under financial crisis and stimulus program

Y. Wang, Q. Zhang, et al.

This study by Yingli Wang, Qingpeng Zhang, and Xiaoguang Yang delves into the evolving dynamics of the Chinese guarantee network during the turbulent years from 2007 to 2012. It reveals surprising insights into how the 2007-2008 financial crisis initially shrank the network but paradoxically boosted its stability, while government interventions later led to fragility. Discover the complex interplay between external shocks and policy actions.

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