market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank%u2019s desire to hold a … exchange rates and the status of the dollar as the dominant international currency. We develop a dynamic mean … currencies. Making various assumptions on expected currency returns and the variance-covariance structure, we assess how the euro …

percentage points lower during 1998-2012 than its average level in the decade before the crisis; if China and India are excluded … Asia to support this interpretation …

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …

substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …

and its possible ascension to reserve currency status. In an unstable and financially integrated world, governments … moderate the perceived need for insurance, and China would have to loom large in both solutions …

Because China's economic structure is different from that in OECD countries, using conventional neo … fully representative of modern China, but it does go some way beyond simple competitive models used elsewhere and points to … exchange rate have more impact on China's welfare than tariff liberalization. Policies of RMB appreciation and increasing China …

in Asia in the 2000s. These developments may be a symptom of an emerging new global financial architecture, which is … competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the quot;peso problem.quot; Hoarding …

Given the rapidly growing reserves in Asia (China, Japan, Korea, Taiwan) and the pressures from trading partners to …, and that changes in trade flows can be substantial. Different treatments of China's processing trade have small impact on … changes in China's trade flow under RMB appreciation, but significant impacts on the change in the surplus. Results are …

Since the onset of the global financial crisis, China and the U.S. have reduced their current-account imbalances as a … share of GDP to less than half their pre-crisis levels. For China, the reduction in its current-account surplus post … relationship between current-account balances and economic variables changed in important ways after the financial crisis. China …