This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

value of China's exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively … reduce China's trade balance. The use of alternative exchange rate measures and data on different trade classifications …

rates. We set up a two-country two-sector model for the US-China with two asymmetries. First, we assume that the size of … China initially is one third of the US but its size becomes half of the US in the next ten years consistent with the fast … growth expectations in China. Secondly, we assume that China initially runs a net export surplus against the US. Then we …

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China’s currency has …

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China's currency has …