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distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …
Persistent link: https://www.econbiz.de/10009656609
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have … Chinese economy are also explored. -- aggregate savings ; current account ; income distribution ; WTO accession ; trade …
Persistent link: https://www.econbiz.de/10009716768
-thy-neighbor policy that leaves non-reforming countries with a loss in competitiveness and an increase in foreign debt. Using a two … macroeconomic shocks in both, non-reforming and reforming countries. By analyzing the impact of reforms on foreign debt, we …
Persistent link: https://www.econbiz.de/10010403902
Both policy makers and researchers have devoted considerable attention in recent years to the large current account and capital account imbalances among OECD countries. In particular, the size of the United States current account deficit has attracted intense attention and spawned numerous...
Persistent link: https://www.econbiz.de/10003583929
For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...
Persistent link: https://www.econbiz.de/10011785688
causing foreign investors to withdraw funds and speculators to unload the local currency. This appears to have been the …
Persistent link: https://www.econbiz.de/10003900319
household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension …China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U … a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older …
Persistent link: https://www.econbiz.de/10009304386
uncertainty resulted in significant temporary increases in savings among urban households in China. Households responded mainly by … study household savings and expenditure adjustment from an unexpected, large-scale and rapidly evolving political shock that … occurred largely in May 1989 in Beijing, China. Using monthly micro panel data, we present evidence that a surge in political …
Persistent link: https://www.econbiz.de/10010457397
structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China. -- household saving ; one-child policy ; demographic structure … ; cohort analysis ; China …
Persistent link: https://www.econbiz.de/10009672255
existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic … structure ; China …
Persistent link: https://www.econbiz.de/10009126989