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China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been … aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that … will need to be addressed for China to maintain sustained high growth and continued global integration …
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Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the...
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