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China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of … international capital-market transactions will China permit? How will China's financial system change internally? What kind of … States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the …
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In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities shrink...
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This paper studies monetary and exchange rate policy in a world of global value chains. Using recent microdata from Japan and Russia, devaluations are shown to negatively affect exporters in terms of employment, domestic revenue and profitability relative to nonexporting firms. Given their...
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township-village enterprises in the Jiangsu province, China. We start with a generaloverview of the development in the Chinese …
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Huawei is exhibiting stoic resilience in the face of US sanctions, economic downturns, and the slow pace of 5G investments. There is a narrative that the company has been propped up by the Chinese government, but the key to Huawei's resilience is multifaceted. Through pre-emptive stockpiling and...
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