A Bridge on Economic Issues between China and the World
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Currency Carry Trade by Trucks: The Curious Case of China’s Massive Imports from Itself
Xuepeng Liu, Heiwai Tang, Zhi Wang, Shang-Jin Wei, Apr 13, 2022Capital controls are common in many developing countries. With capital controls, the standard financial market transactions needed for currency carry trade are hard to implement. Yet, as long as there is a big difference between domestic and foreign interest rates, the incentive to engage in currency carry trade is present.
China’s Rise, Changing Stripes, and Global Implications of a Potential Slowdown
Shaghil Ahmed, Feb 14, 2018China’s remarkable economic rise over the past three decades has yielded many benefits to its own citizens and to people all around the globe. But the export-led growth model that underpinned China’s success and its increased role in the global economy has also led over time to the development of some serious imbalances in its economy. How China deals with these imbalances will have important implications for the rest of the world going forward—in particular, the quantitative analysis reported here suggests that were China to experience a financial crisis, the hit to the rest of the world would be substantial.
The Dual Role of China’s Stock Market: Capital Allocator and Platform for Global Diversification
Jennifer N. Carpenter, Robert F. Whitelaw, Aug 09, 2017Professors Jennifer Carpenter and Robert Whitelaw, both of New York University’s Stern School of Business, discuss the roles of the China's stock market in improving the efficiency of capital allocation in China and in helping global investors achieve diversification.
Bilateral Trade and Shocks in Political Relations: Evidence from China
Yingxin Du, Jiandong Ju, Carlos D. Ramirez, Xi Yao, Mar 14, 2018To what extent do political relations between countries affect their economic exchange? Using evidence of China’s relations with other major powers during the period of 1990 to 2013, Yingxin Du, Jiandong Ju, Carlos D. Ramirez, and Xi Yao point out the time-aggregation bias in the existing empirical research and provide insights on the relationship between political shocks and trade.
China’s New Nationwide CO2 Emissions Trading System: General Equilibrium Impacts
Lawrence H. Goulder, Xianling Long, Chenfei Qu, Da Zhang, Apr 17, 2024This article discussing the comprehensive impacts of China's newly introduced nationwide CO2 emissions trading system, with a focus on its interactions with environmental costs, the fiscal system, and the challenges faced in policy cost distribution.
