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The People’s Republic of China’s Growth, Stability, and Use of International Reserves

dc.contributor.authorJoshua Aizenman
dc.contributor.authorYothin Jinjarak
dc.contributor.authorNancy P. Marion
dc.date.accessioned2015-01-24T13:12:44Z
dc.date.available2015-01-24T13:12:44Z
dc.date.issued2014-01-24
dc.identifier.urihttp://hdl.handle.net/11540/1217
dc.description.abstractIn the run-up to the financial crisis, the world economy was characterized by large and growing current account imbalances. Since the onset of the crisis, the People’s Republic of China and the United States have rebalanced. As a share of gross domestic product, their current account imbalances are now less than half their pre-crisis levels. For the People’s Republic of China, the reduction in its current account surplus post-crisis suggests a structural change. Panel regressions for a sample of almost 100 economies over the thirty-year period, 1983–2013, confirm that the relationship between current account balances and economic variables such as performance, structure, wealth, and the exchange rate, changed in important ways after the financial crisis.
dc.languageEnglish
dc.publisherAsian Development Bank Institute
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.titleThe People’s Republic of China’s Growth, Stability, and Use of International Reserves
dc.typeWorking Papers
dc.subject.expertTrade Finance
dc.subject.expertRural Finance
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Financial Management
dc.subject.expertPublic Finance
dc.subject.expertInternational Finance
dc.subject.expertIntergovernmental Finance
dc.subject.expertFinancial System
dc.subject.expertFinancial Flows
dc.subject.expertFinancial Assets
dc.subject.expertFinance And Trade
dc.subject.expertTrade Finance
dc.subject.adbLocal Finance
dc.subject.adbInternational Monetary Relations
dc.subject.adbLocal Finance
dc.subject.adbBanks
dc.subject.adbCapital Market
dc.subject.adbfinancial statistics
dc.subject.adbForeign trade
dc.subject.naturalMunicipal government
dc.subject.naturalMetropolitan government
dc.subject.naturalInternational banks and banking
dc.subject.naturalCapital movements
dc.subject.naturalCentral banks and banking
dc.subject.naturalBills of exchange
dc.subject.naturalSwaps
dc.subject.naturalBanks and banking
dc.subject.naturalStock exchanges
dc.subject.naturalMarket
dc.subject.naturalExchange
dc.subject.naturalBalance of trade
dc.title.seriesADBI Working Paper Series
dc.title.volumeNo. 455
dc.contributor.imprintAsian Development Bank Institute
oar.themeFinance
oar.themeTrade
oar.adminregionEast Asia Region
oar.countryChina, People’s Republic of
oar.countryHong Kong, China
oar.countryChina, People’s Republic of
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.dep.sourceADBI
oar.identifierOAR-002226
oar.authorAizenman, Joshua
oar.authorJinjarak, Yothin
oar.authorMarion, Nancy P.
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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