The economic interest and activities of China has rapidly increased in developing countries since the economic reform of 1978. Chinese firms actively emerged in the Latin America and African market and challenged giant American and European companies. This paper aims to provide an insight of...

This paper presents a stock-flow-consistent model in which growth is led by exports and government expenditure. It considers domestic and external debt dynamics and gross capital flows. Countries may choose to not fully use their external space to accumulate international reserves. The model is...