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A Forensic Analysis of Global Imbalances
The authors use updated data to re-examine the determinants of current account balances. They find that changes in budget balances in 2008-09 appear to have an effect in advanced current account deficit countries such as ...
Financial Globalization and China
This paper looks into the relationship between financial globalization and China's economic development. The authors suggest that China may need to reform its financial institutions and systems to accommodate more market ...