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Central to the global impacts of China's emergence has been its structural imbalance (its excess product supply and … to the advanced economies and particularly to the US, the more so if China's policy response is expansionary and includes …
Persistent link: https://www.econbiz.de/10013017884
China's financial openness, as measured by cross border flows and asset ownership, peaked during its 2000s growth surge …, as did downward pressure on global interest rates and price levels. This was despite China's restriction of financial … shown that, without capital controls, most surge effects on China would have been moderated substantially while the global …
Persistent link: https://www.econbiz.de/10012893909
expansion of debt-financed consumer spending; (b) the decision of China and other emerging countries to pursue an export …
Persistent link: https://www.econbiz.de/10013135338
Almost all commodity prices recovered in the third quarter of 2020 following steep declines earlier in the year due to the COVID-19 pandemic. Crude oil prices have doubled since their April low, supported by sharp oil supply cuts by OPEC+, but prices remain one-third lower than their...
Persistent link: https://www.econbiz.de/10013228405
Opinion over the global implications of China‘s rise is divided between critics, who see it as having developed at the … of trade and reductions to the cost of financing that stem from China‘s supply of light manufactures, its demand for … the US and Europe from China‘s successful export-oriented growth, though there are partially offsetting Keynesian effects …
Persistent link: https://www.econbiz.de/10013063473
Following three decades of rapid but unbalanced economic growth, China's reform and policy agenda are set to rebalance … results quantify the associated trade-offs and show that continuing demographic and saving contractions in China would alter …
Persistent link: https://www.econbiz.de/10012996816
China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition …, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers …
Persistent link: https://www.econbiz.de/10012913908
The paper develops a model of proportionate growth to describe the dynamics of the network of international trade flows. We show that a large number of the empirical regularities characterizing international trade - such as the fraction of zero trade flows across pairs of countries, the positive...
Persistent link: https://www.econbiz.de/10013143961