Fiscal Vulnerabilities and Risks from Local Government Finance in China /

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit and...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Zhang, Yuanyan
Weitere Verfasser: Barnett, Steven
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2014.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2014/004
Online Zugang:Full text available on IMF