, lower risk assets abroad and also would eliminate pressures on the People's Bank of China, allowing for more rapid …China's major imbalances include trade and capital account surpluses and a large annual build-up of international … reserves. China has a capital account surplus reinforcing the accumulation of foreign exchange reserves, mainly U.S. dollar …

explicitly absorb a larger share of the systemic risk. The options for doing this range from surplus countries rebalancing their … securitization industry while removing the systemic risk from the banks' balance sheets. Such public-private solutions could be …