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 …

This paper traces the history of China's reform of its monetary policy framework and analyzes its success and problems …. In the context of financial marketization and the failure of the quantity-targeting framework, the People's Bank of China … China's Treasury Single Account system. The missing role of the Treasury in monetary policy operations increases the …