This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …

Local government debt in China is increasing and presents a great threat to China's financial stability. In China … to be shifted from the central government to the local governments. Resolving China's local government debt problem … afford any spending denominated in its own currency, China's central government should bear a greater fiscal burden. …

Purpose – The purpose of the paper is to examine China's county-level fiscal difficulties. A large portion of China …

changes in China have seen the creation of a new public finance system designed to improve equality within basic public … provides evidence that the recent positive changes in China have seen the building of a new public finance system, with the …

Purpose – The purpose of the paper is to examine China's county‐level fiscal difficulties. A large portion of China …