The key factor underlying China’s fast development during the last 50 years is its ability to master and accumulate new … accumulation was policy induced and not the result of the market, and began before 1979. Despite its many policy mistakes, if China … had not proceeded this way, in all likelihood it would be a much poorer country today. During the last 50 years, China has …

This paper investigates China’s role in creating global imbalances, and the related call for a massive renminbi … prominence widely attributed to China as a cause of global imbalances and the exclusive focus on the renminbi-dollar exchange … rate as misguided. And we emphasize that China's response to the global crisis has been exemplary. Apart from acting as a …

The recent declines in China's financial account balance ended the "twin surplus" era and led to a modest decline in …, which have been visible in China's financial balances since the last quarter of 2011, have heightened fears/anxiety in … withdrawal of dollar deposits. These changes have, of late, been a cause of concern relating to the future of China's economic …

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. …

transitional and a developing economy. -- China ; Identity ; Investment ; Neoclassical Model ; Total Factor Productivity Growth …

China occupies a unique position among developing countries. Its success in achieving relative stability in the … current global financial crisis. Over the last few years, China has been on a path of capital account opening that has drawn … introduced problems for the monetary authorities in continuing with an autonomous monetary policy in China, especially with large …