This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is reflected as credit and asset price risks, while the latter is...
Xiaoyuan Luo is a Masters student in International Relations at New York University. Her studies concentrate on the Asia Pacific and U.S.-China relations. Before coming to the U.S., she received a B....