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A Sexually Unbalanced Model of Current Account Imbalances
Du, Qingyuan - 2010
Large savings and current account surpluses by China and other countries are said to be a contributor to the global …
Persistent link: https://www.econbiz.de/10012462653
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Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
Faruqee, Hamid - 2005
accounts through the lens of a dynamic, multi-region model of the global economy. In the baseline scenario, world macroeconomic … sustainable level. An alternative scenario, involving a sudden portfolio reshuffling in the rest of the world, would result in …
Persistent link: https://www.econbiz.de/10012467094
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 1997
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012472798
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Financial Integration and Liquidity Crises
Castiglionesi, Fabio - 2017
allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We … second-best world, financial integration can increase the welfare benefits of liquidity requirements …
Persistent link: https://www.econbiz.de/10012455322
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Systemic Risk and the Macroeconomy : An Empirical Evaluation
Giglio, Stefano - 2015
This article evaluates a large collection of systemic risk measures based on their ability to predict macroeconomic downturns. We evaluate 19 measures of systemic risk in the US and Europe spanning several decades. We propose dimension reduction estimators for constructing systemic risk indexes...
Persistent link: https://www.econbiz.de/10012457703
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The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective
Bayoumi, Tamim - 2010
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account …
Persistent link: https://www.econbiz.de/10012462224
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The US as the "Demander of Last Resort" and its Implications on China's Current Account
Aizenman, Joshua - 2008
regressions account for not more than 2/3 of the variation. We apply the regression results to assess China's current account over …
Persistent link: https://www.econbiz.de/10012464194
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The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China
Aizenman, Joshua - 2015
China in the coming years. China had been a prime example of exported growth, benefiting from learning by doing, and by …, and the Global Financial Crisis forced China toward rebalancing, which is a work in progress. Reflecting on the …
Persistent link: https://www.econbiz.de/10012457723
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Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking : Evidence from China
Acharya, Viral V.; Qian, Jun; Su, Yang; Zhishu Yang - National Bureau of Economic Research - 2024
The rise of shadow banking and attendant financial fragility in China can be traced to intensified deposit competition …
Persistent link: https://www.econbiz.de/10014468234
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Explaining Sudden Stops, Growth Collapse and BOP Crises : The Case of Distortionary Output Taxes
Calvo, Guillermo A. - 2003
The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as fiscal burden reaches a critical level. Growth collapse is associated with a Sudden Stop of capital inflows, real depreciation and a drop in output...
Persistent link: https://www.econbiz.de/10012468833