Zhang, Jinfan; Yang, Ting; Shi, Yanping - 2021
, which offsets the expected decline in traditional bank loans in overcapacity industries and hampers the effectiveness of the … monetary policy. Although this regulatory arbitrage may cause systemic risk at the macro level, bank-affiliated leasing firms … exhibit much tighter risk control than other non-bank-affiliated leasing firms at the micro level, indicating that banks use …