We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China's currency has …

We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China … trade frictions. Our study confirms that China's capital flight pattern and its determinants are affected by the crisis … capital flight. These results highlight the challenges of managing China's capital flight, which requires information on the …

The study assesses the level of integration among the three Greater China economies (namely China, Hong Kong, and … Taiwan) and examines the suitability of a Greater China currency union. Currently, the three economies have extensive trade …

The People's Republic of China (PRC) has been quite aggressive recently in promoting the international use of its …

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …