Aizenman, Joshua; Jinjarak, Yothin; Jinjarak, Yothin; … - 2021
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-crisis suggests a structural change. Panel regressions for a...