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China is moving to a ‘new normal,’ characterized by slower yet safer and more sustainable growth. The transition is … global financial crisis and embarked on a comprehensive reform program. With China now the globe’s largest economy, success … is critical for both China and the world …
Persistent link: https://www.econbiz.de/10014412364
China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic … flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for …
Persistent link: https://www.econbiz.de/10014411104
China has been moving to a more market oriented financial system, which has implications for the monetary policy … income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and …
Persistent link: https://www.econbiz.de/10014411216
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its …
Persistent link: https://www.econbiz.de/10014411281
KEY ISSUES Context. After three decades of remarkable growth, the economy has been slowing. Much of the slowdown has been structural, reflecting the natural convergence process and waning dividends from past reforms; weak global growth has also contributed. Moreover, since the global financial...
Persistent link: https://www.econbiz.de/10014411468
This paper investigates the macroeconomic cycles China has experienced since the onset of reform in the late 1970s. It …
Persistent link: https://www.econbiz.de/10014403282
China''s dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success … the impact of China''s emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results … suggest that China did not have much impact on FDI to other countries. In particular, lowincome economies, which compete with …
Persistent link: https://www.econbiz.de/10014404204
The number of studies attempting to estimate the ""equilibrium"" real value of China''s currency has proliferated in … significant part of China''s competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately … in a rapidly developing economy like China …
Persistent link: https://www.econbiz.de/10014404218
-shares in China. There is some evidence of a February turn-of-the-year effect, partly owing to the timing of the Chinese Lunar …
Persistent link: https://www.econbiz.de/10014404243
Following the recent Executive Board decisions on the determination of the renminbi (RMB) as a freely usable currency, effective October 1, 2016, and its inclusion in the SDR basket on the same date, STA intends to separately identify the RMB in the survey on Currency Composition of Official...
Persistent link: https://www.econbiz.de/10014408623