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"Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming U.S. stock market. During the first half...
Persistent link: https://www.econbiz.de/10010522528
disrupted China's growth normalization. The global environment has also significantly worsened following Russia's invasion of … and external headwinds, China's policymakers should carefully calibrate its policies. In the short term, China should …, inclusive, and sustainable growth trajectory for China …
Persistent link: https://www.econbiz.de/10013545557
"The most basic argument for insurance is that it reduces financial risk. But since insurance opens up new … patient, it is not immediately obvious that insurance will in practice reduce financial risk. The authors analyze the effect … surveys-one a cross-section survey, the other two panel surveys. All come from China, a country where providers have until …
Persistent link: https://www.econbiz.de/10010522459
. The authors explore these issues in China. In addition to providing new evidence on the general impact of health shocks …, they also extend previous work by assessing the extent of risk protection afforded by formal health insurance, and by …
Persistent link: https://www.econbiz.de/10010522460
"This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
Persistent link: https://www.econbiz.de/10010520989
fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external … difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World …
Persistent link: https://www.econbiz.de/10010522239
Persistent link: https://www.econbiz.de/10010523014