Oh dear: In China, “linkages between the banking and shadow banking systems are also becoming more complex and opaque, increasing the underlying credit risk,” the Bank of Canada’s December 2016 risk report says. “The experience of the 2007-09 global financial crisis showed that financial stability can be threatened by vulnerabilities originating in the shadow banking
The post Canadian mortgage bubble exposed to China “ghost collateral” appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]