Organization Date Title Keywords
International Monetary Fund (IMF) 12.1.06 The Rise of Foreign Investments in Chinese Banks—Taking Stock
Lamin Leigh and Richard Podpiera
The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes stock of the... 		Banking
International Monetary Fund (IMF) 11.1.06 Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses
Andrew Feltenstein and Céline Rochon
A study of the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and bank failures... 		Banking
International Monetary Fund (IMF) 11.1.06 What’s Driving Investment in China?
Steven Barnett and Ray Brooks
Investment has grown rapidly in China in recent years, reaching more than 40 percent of GDP. Despite good progress on bank and enterprise reforms, weaknesses remain that could contribute to inefficient investment decisions. Manufacturing, infrastructure... 		Investment, Manufacturing, Real Estate
Congressional Research Service 10.10.06 Taiwan-U.S. Political Relations: New Strains and Changes
Kerry Dumbaugh
The U.S. policy framework for Taiwan was laid down in 1979 when Washington severed official relations with the Republic of China (ROC) on Taiwan and instead recognized the People’s Republic of China (PRC) as the legitimate Chinese government. The basics... 		Taiwan, Democracy, International Relations, One-China Policy
International Monetary Fund (IMF) 10.1.06 How Robust Are Estimates of Equilibrium Real Exchange Rates: The Case of China
Steven Dunaway, Lamin Leigh, and Xiangming Li
Increased attention is being paid to assessments of the actual values of countries' real exchange rates relative to their "equilibrium" values as suggested by "fundamental" determining factors. This paper assesses the robustness of alternative approaches... 		Currency
Cato Institute 07.11.06 Who’s Manipulating Whom? China’s Currency and the U.S. Economy
Daniel Griswold
Congress and the Bush administration continue to pressure China to allow its currency to appreciate against the U.S. dollar under threat of trade sanctions. Critics contend “currency manipulation” gives Chinese producers an unfair advantage against their... 		Renminbi, Trade
Cato Institute 05.1.06 Do Financing Biases Matter for the Chinese Economy?
Yasheng Huang
It is widely acknowledged that China’s financial system is deeply troubled. Its banks have very high nonperforming loan ratios and its stock market has lost 50 percent of its value since 2001 amidst a GDP growth rate averaging some 9 percent a year. This... 		Finance, Banking, Economy
Cato Institute 05.1.06 Does China Save and Invest too Much?
John H. Makin
China’s much-praised tendency to save and invest over 40 percent of its GDP has become dangerous and destabilizing, both for China and the global economy. China’s avid savers expect to increase their wealth by forgoing current consumption. There are good... 		Investment
International Monetary Fund (IMF) 05.1.06 A Framework for Independent Monetary Policy in China
Marvin Goodfriend and Eswar Prasad
As China's economy becomes more market-based and continues its rapid integration into the global economy, having an independent and effective monetary policy regime oriented to domestic objectives will become increasingly important. Specifically, the... 		Banking, Inflation, Monetary Policy
Cato Institute 04.1.06 Capital Flows, Overheating, and the Nominal Exchange Rate Regime in China
Fred Hu
The evidence of “hot money” clearly shows that China’s cumbersome system of capital controls is not as effective as officials claim. There is no doubt that the greater openness of China’s economy will certainly generate growing tensions with the country’... 		Economy, Fiscal Policy