The Evergrand Crisis and Its Effects on Access Money

The ever grand group is a massive real estate elopment firm with more than a thousand projects across china. The company reportedly owes more than 300 billion dollars to roughly a hundred and 70 banks in china and another 100 20 lenders around the world. Ang argues that the collapse of the leman brothers investment bank and the great recession were fueled in part by what she calls access money. If you that sounds a lot like access money, you may be surprised to learn where the us lies on the transparency international corruption index.