Setser, Brad - In: CESifo economic studies : CESifo, a joint initiative of … 52 (2006) 2, pp. 364-395
China's recent investment boom looks much like the investment boom in the Asian tigers of the 1990s. Both were marked … intermediation. Yet, China has few of the external vulnerabilities that marked the Asian tigers. Its current account surplus is … rising, and its reserves far exceed its short-term external debt. However, China's external strength is unlikely to allow it …