imbalances. Since the onset of the crisis, the People's Republic of China and the United States have rebalanced. As a share of …'s Republic of China, the reduction in its current account surplus post-crisis suggests a structural change. Panel regressions for …

) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two …

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 …

In this paper we evaluate the current account patterns of China and Germany. We point out that China’s current account … China has mostly been characterized by sizable surpluses. We further find that both China and Germany’s current account … account trends in future decades. Demographic transitions in China and Germany are projected to reduce their surpluses, and …