The People’s Republic of China and Global Imbalances from a View of Sectorial Reforms
Ito, Hiro; Volz, Ulrich | November 2012
Abstract
"This paper examines the impact of sectorial reforms on current account imbalances, with a special focus on the People’s Republic of China (PRC). In particular, we investigate to what extent reforms pertaining to the financial sector, social protection, and healthcare may contribute to a rebalancing of the PRC’s persistent current account imbalances. Our forecasting results suggest that reforming the financial sector would be a significant contributor to the country’s rebalancing with an effect much larger than that of capital account liberalization. Strengthened provisions of social protection and publicly-funded healthcare are also found to contribute to a rebalancing of the PRC economy."
Citation
Ito, Hiro; Volz, Ulrich. 2012. The People’s Republic of China and Global Imbalances from a View of Sectorial Reforms. © Asian Development Bank Institute. http://hdl.handle.net/11540/1155. License: CC BY-NC-ND 3.0 IGO.Keywords
Financial Sector Reform
Financial Reform
Financial Policy
Rural Poverty
Economic Development and Finance
Development Financing
Business Financing
Investment Requirements
Development Banks
Social Equity
Rural Development
Rural Conditions
Rural Sociology
Economic and Social Development
Income Generation
Investment Requirements
Banks
Development Banks
Project Impact
Financial Aspects
Rural Development
Rural Conditions
Income Generation
Economic and Social Development
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Citable URI
http://hdl.handle.net/11540/1155Metadata
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