China’s Growth, Stability, and Use of International Reserves

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Main author: Aizenman, Joshua
Other authors: Jinjarak, Yothin
Marion, Nancy
Format: Journal Article           
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id eprints-17888
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description Since the onset of the global crisis, China and the U.S. current-account imbalances are now less than half their pre-crisis levels. For China, the reduction in its current-account surplus post-crisis suggests a structural change. Panel regressions 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. For China, the reduction in its current-account surplus post-crisis suggests a structural change. The rebalancing of China’s current account has been also associated with a decline in its reserves-to-GDP ratio and greater outward FDI that, in turn, mitigates reserve hoarding.
format Journal Article
author Aizenman, Joshua
author_facet Aizenman, Joshua
Jinjarak, Yothin
Marion, Nancy
authorStr Aizenman, Joshua
author_letter Aizenman, Joshua
author2 Jinjarak, Yothin
Marion, Nancy
author2Str Jinjarak, Yothin
Marion, Nancy
title China’s Growth, Stability, and Use of International Reserves
publisher Springer Nature
publishDate 2014
url https://eprints.soas.ac.uk/17888/

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