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This Selected Issues paper examines the decline in the revenue-to-GDP ratio for the People’s Republic of China. In … common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of … China and reviews the factors behind the decline. It also compares China’s experience with that of other transition …
Persistent link: https://www.econbiz.de/10014397709
The perception that Asia''s inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that there is little scope for a policy reaction to a build-up of inflationary pressures. However, Asia''s fast growth and integration over the last two decades suggest that the...
Persistent link: https://www.econbiz.de/10014397742
This paper reviews economic developments in Hong Kong Special Administrative Region during 1997–98. The paper highlights that beginning in mid-1997, the regional crisis began to erode confidence in Hong Kong’s exchange rate and prompted a series of speculative attacks. Pressures on the...
Persistent link: https://www.econbiz.de/10014397753
BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of loan commitments and the degree of concessionality using a panel vector autoregression model and...
Persistent link: https://www.econbiz.de/10014397783
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