China and the international monetary system need each other. The international monetary system is strained, with crisis … just around the corner, yet reform is not on anyone's agenda. Meanwhile China, deeply invested in the current system, faces … international monetary system and China-IMF-style Special Drawing Rights (SDRs). If in a unilateral initiative China were to make …

This paper analyses the integration of China and India into the global economy. To this end, it presents estimates from … China's trade intensity is higher than fundamentals would suggest, whereas the converse is true for India. Second, Chinese …, China's exports of services tend to complement its exports of goods, while India's exports are growing only in deregulated …

China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the …

The U.S.-China economic relationship has reached a critical juncture. Over the past year, the U.S. has imposed tariffs … on $250 billion worth of Chinese imports and China has retaliated, raising tariffs on U.S. exports. The U.S. concerns … that underpin these bilateral trade tensions stem from specific practices endemic to China's economic model that …

This paper analyses the integration of China and India into the global economy. To this end, it presents estimates from … China's trade intensity is higher than fundamentals would suggest, whereas the converse is true for India. Second, Chinese …, China's exports of services tend to complement its exports of goods, while India's exports are growing only in deregulated …

This paper documents the impact of the U.S-China trade war on firms worldwide and disentangles the transmission … firms with export exposure to China have had a decline in revenue, profits and capital stocks since the trade war began …, while export exposure to the U.S. has been beneficial. Export exposure to China has been particularly damaging to producers …

China's financial integration with the rest of the world lags far behind its trade integration, owing to long … important role in stimulating China's financial integration and promoting the use of the RMB outside the country. In Europe, as … banking activity in general, and strengthen the financial links between Europe and China. Capital account opening in China is …