Ma, Guonan; Zhou, Haiwen - Bank für Internationalen Zahlungsausgleich <Basel> - 2009
China’s emergence as a major player in world trade is well known, but its rising role in global finance is perhaps … underappreciated. China is the second largest creditor in the world today, with a net creditor position of exceeding 30% of GDP in 2007 … exchange rate in shaping China’s net foreign asset position. Our findings highlight the sharp fall in youth dependency as one …