Zhang, Jinfan; Yang, Ting; Shi, Yanping - 2021
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 … 2007-2019, this paper sheds light on China’s financial leasing industry. We find that banks use their affiliated leasing …
