Aizenman, Joshua; Jinjarak, Yothin; Marion, Nancy - In: Open Economies Review 25 (2014) 3, pp. 407-428
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 … relationship between current-account balances and economic variables changed in important ways after the financial crisis. China …