's Republic of China (PRC). In particular, we investigate to what extent reforms pertaining to the financial sector, social … protection, and healthcare may contribute to a rebalancing of the PRC's persistent current account imbalances. Our forecasting …-funded healthcare are also found to contribute to a rebalancing of the PRC economy. …

the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, the paper shows how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden … trade increases the likelihood of default. A sudden stop takes place when the borrowers reject the amount that lenders want …

Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in … problem that trade is endogenous. Using the gravity instrument for trade openness, which is constructed from geographical … determinants of bilateral trade, this paper finds that openness indeed makes countries less vulnerable, both to severe sudden stops …

the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, I show how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden stops. In … debt is more attractive. Therefore, conditional on the amount that lenders are willing to loan, decreased exposure to trade …

switching channel. Pricing exports in the dominant vs. producer currency mutes the effect of DCF on trade. …We propose a new channel through which exchange rates affect trade. Exploiting the heterogeneity in firms' foreign … to higher delinquencies and interest rates, while exports are unaffected. Natural and financial hedging successfully mute …

relationship between the concentration of exports in commodities and appreciation of the real exchange rate. We constructed an …

After computing the Gini and Herfindahl-Hirschman indexes for exports and imports partner concentration for a set of 31 … partner concentration (diversification) of exports and imports. From our analysis, we disentangle different effects, namely … that while global GDP leads to an increase in concentration in both exports and imports, internal rates of return increase …

Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of … China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the behavioral equilibrium …

In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the …; risk of capital loss on the foreign exchange holdings; and the threat of re-taliation by China's trading partners. A …