, though most crossborder deals are still either to or from the US. China has emerged as the dominant net importer, followed by …

regressions account for not more than 2/3 of the variation. We apply the regression results to assess China's current account over …

competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the "peso problem." Hoarding …

Since the onset of the global financial crisis, China and the U.S. have reduced their current-account imbalances as a … share of GDP to less than half their pre-crisis levels. For China, the reduction in its current-account surplus post … relationship between current-account balances and economic variables changed in important ways after the financial crisis. China …