| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19739 |
| 来源ID | Working Paper 19739 |
| China's Growth, Stability, and Use of International Reserves | |
| Joshua Aizenman; Yothin Jinjarak; Nancy P. Marion | |
| 发表日期 | 2013-12-19 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Since the onset of the global financial crisis, China and the U.S. have reduced their current-account imbalances as a share of GDP to less than half their pre-crisis levels. For China, the reduction in its current-account surplus post-crisis suggests a structural change. Panel regressions for a sample of almost 100 countries over 1983-2013 confirm that the relationship between current-account balances and economic variables changed in important ways after the financial crisis. China's rebalancing has been accompanied by a decline in its reserves-to-GDP ratio and greater outward FDI that, in turn, has mitigated reserve hoarding. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w19739 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577413 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Yothin Jinjarak,Nancy P. Marion. China's Growth, Stability, and Use of International Reserves. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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