Das Wachstum der chinesischen Wirtschaft wurde seit 2008 durch immer höhere Schulden finanziert. Die Gesamtverschuldung des Landes stieg in dieser Zeit um gut 100 Prozent seiner Wirtschaftsleistung. Die zunehmende Schuldenlast bedroht die Stabilität der chinesischen Wirtschaft. Eine...

This book extends Thirlwall's model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as...

China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world...

Cover -- Contents -- Preface -- Acknowledgments -- Ch 1. Introduction and Overview -- Exchange Rate Volatility Does Not Impede Steady Growth with Low Inflation -- Overview of this Book -- Ch 2. A World of Multiple Monies -- The Invention of Money -- Exchange Rate Regimes -- Economic Objectives...

Intro -- Contents -- Tables and Figures -- Introduction -- A Theoretical Review of the Keynesian and Monetary Approaches to the Balance of Payments -- Full Employment, Balance of Payments and Adjustments in Unified (Fixed) Exchange Rate Regimes -- A Survey of the Monetary Approach to...

COVER -- CONTENTS -- GENERAL INTRODUCTION -- PART I : PURE THEORY OF INTERNATIONAL TRADE AND TRADE POLICY -- THEORY OF COMPARATIVE ADVANTAGE -- FACTOR ENDOWMENT AND COMPARATIVE ADVANTAGE -- INTERNATIONAL EQUILIBRIUM -- THE TERMS OF TRADE -- TRADE POLICY -- CUSTOMS UNION -- BIBLIOGRAPHY OF PART I...

Intro -- Contents -- Foreword -- Preface -- CONCEPTUAL FRAMEWORK -- I. Introduction -- Purposes of the Balance of Payments Manual -- Changes from the Fourth Edition -- Uses of Balance of Payments and International Investment Position Data -- Structure of the Manual -- II. Conceptual Framework of...

Intro -- Contents -- I. INTRODUCTION -- II. MAIN OBJECTIVES OF THE BSA -- III. KEY FEATURES OF THE FRAMEWORK FOR ANALYSIS -- IV. DATA METHODOLOGIES AND AVAILABILITY FOR BALANCE SHEET ANALYSIS -- V. USING TIMELY, HIGH-FREQUENCY BALANCE SHEET ANALYSIS IN SURVEILLANCE -- VI. CONCLUSIONS -- REFERENCES.