changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will …

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …

contours of the EPL reform. In this article we used an equilibrium unemployment model to investigate the virtue of an EPL … reform whose modality is a lessening in the red tape and legal costs associated with layoffs and the introduction of an U ….S. like experience rating system modelled as a combination of a layoff tax and a payroll subsidy. The reform considered shows …

by the rise of populism and the China shock. We present a theoretical framework of risk and income effects of … state support across European regions and leverage the rapid integration of China into the world economy to show that higher …

economy. We test this theory by exploring within-country variation in exposure to competition from China in 13 European … exposure from China experienced a marked fall in employment, while countries with wage-coordination experienced no such …