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The People’s Republic of China and Global Imbalances from a View of Sectorial Reforms
Ito, Hiro; Volz, Ulrich - East Asian Bureau of Economic Research (EABER) - 2012
protection, and healthcare may contribute to a rebalancing of the PRC’s persistent current account imbalances. Our forecasting … results suggest that reforming the financial sector would be a significant contributor to the country’s rebalancing with an …-funded healthcare are also found to contribute to a rebalancing of the PRC economy. …
Persistent link: https://www.econbiz.de/10011278138
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Causes and consequences of global imbalances : perspective from developing Asia
Adams, Charles; Park, Donghyun - 2009
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, we examine the...
Persistent link: https://www.econbiz.de/10003832220
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Savings and investment behaviour in the euro area
Rodriguez Palenzuela, Diego (contributor);  … - 2016
Although monetary union created the conditions for improving economic and financial integration in the euro area, in the context of the financial and sovereign crises, it has also been accompanied by the emergence of severe imbalances in savings and investment, credit and housing booms in some...
Persistent link: https://www.econbiz.de/10011606319
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Causes and Consequences of Global Imbalances: Perspective from Developing Asia
Adams, Charles; Park, Donghyun - 2009
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, we examine the...
Persistent link: https://www.econbiz.de/10010507261
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Wage dynamics and current account rebalancing in the euro area
A. Berthou.; G. Gaulier. - In: Quarterly selection of articles - Bulletin de la Banque … (2013) 30, pp. 71-91
Using the NiGEM model, the authors show that a wage moderation in the “deficit” countries of the euro area –i.e. lowering the annual growth rate of wages by one percentage point over a five year horizon– would improve their current account balances by 0.2 to 0.3 percentage points of GDP....
Persistent link: https://www.econbiz.de/10010815936
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Causes and Consequences of Global Imbalances: Perspective from Developing Asia
Adams, Charles; Park, Donghyun - Economics and Research Department, Asian Development Bank - 2009
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, we examine the...
Persistent link: https://www.econbiz.de/10008475728
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The rise of the "redback" and the People's Republic of China's capital account liberalization: An empirical analysis of the determinants of invoicing currencies
Ito, Hiro; Chinn, Menzie - 2014
We investigate the determinants of currency choice for trade invoicing in a cross-country context while focusing on the link between capital account liberalization and its impact on the use of the renminbi (RMB). We find that while countries with more developed financial markets tend to invoice...
Persistent link: https://www.econbiz.de/10010397220
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Issues for renminbi internationalization: An overview
Eichengreen, Barry; Kawai, Masahiro - 2014
The growing weight of the People's Republic of China (PRC) in the world economy, measured by gross domestic product (GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB). This paper provides an overview of RMB internationalization...
Persistent link: https://www.econbiz.de/10010397329
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The Rise of the “Redback” and the People’s Republic of China’s Capital Account Liberalization: An Empirical Analysis of the Determinants of Invoicing Currencies
Ito, Hiro; Chinn, Menzie - Asian Development Bank Institute, Asian Development Bank - 2014
This study investigates the determinants of currency choice for trade invoicing in a cross-country context while focusing on the link between capital account liberalization and its impact on the use of the renminbi (RMB). The authors find that while countries with more developed financial...
Persistent link: https://www.econbiz.de/10010991089
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Issues for Renminbi Internationalization: An Overview
Eichengreen, Barry; Kawai, Masahiro - Asian Development Bank Institute, Asian Development Bank - 2014
This paper provides an overview of the potential international role of the renminbi (RMB). Reviewing the current state, the paper finds that much progress has been made on RMB settlements for trade involving the People’s Republic of China (PRC) and on RMB-denominated bond issuance in Hong...
Persistent link: https://www.econbiz.de/10010840243