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    The long-term and short-term effects of interest rate volatility on corporate bankruptcy risk: An industry and supply chain perspective. by Lingfei Chen, Kai Zhang, Xueying Yang

    Published 2025-01-01
    “…In the long term, higher interest rates exacerbate the overcapacity problem in industries, increasing the unsustainability of the production and sales balance. Using data from China's construction industry, this study empirically tests these findings and, based on the main conclusions, provides policy suggestions regarding the long- and short-term effects of monetary policy on the sustainable development of China's construction industry: (1) focus on short-term interest rate risks and be vigilant against commercial credit bubbles; (2) long-term monetary policy should prioritize industrial structure optimization.…”
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