Aizenman, Joshua; Jinjarak, Yothin; Marion, Nancy P. - East Asian Bureau of Economic Research (EABER) - 2014
In the run-up to the financial crisis, the world economy was characterized by large and growing current account … gross domestic product, their current account imbalances are now less than half their pre-crisis levels. For the Peopleâ …€™s Republic of China, the reduction in its current account surplus post-crisis suggests a structural change. Panel regressions for …