Volume/Issue: 2019/50
Series: IMF Working Papers
Author(s):
Sonali Das
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
March
2019
DOI: http://dx.doi.org/10.5089/9781498302029.001
ISBN: 9781498302029
China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquid...
Volume/Issue: 2019/28
Series: IMF Working Papers
Author(s):
Chiara Broccolini
,
Giulia Lotti
,
Alessandro Maffioli
,
Andrea Presbitero
, and
Rodolfo Stucchi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
February
2019
DOI: http://dx.doi.org/10.5089/9781484393864.001
ISBN: 9781484393864
We use loan-level data on syndicated lending to a large sample of developing countries between 1993
and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling
for a large se...
Volume/Issue: 2019/25
Series: IMF Working Papers
Author(s):
Kangni Kpodar
,
Stefania Fabrizio
, and
Kodjovi Eklou
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
04
February
2019
DOI: http://dx.doi.org/10.5089/9781484387771.001
ISBN: 9781484387771
This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing countries over the period 2000-2014. Using a fixed-effect estimator and the local projection approac...
Volume/Issue: 2019/16
Series: IMF Working Papers
Author(s):
Longmei Zhang
, and
Sally Chen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
January
2019
DOI: http://dx.doi.org/10.5089/9781484389706.001
ISBN: 9781484389706
China's digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in...
Volume/Issue: 2018/277
Series: IMF Working Papers
Author(s):
Longmei Zhang
,
Ray Brooks
,
Ding Ding
,
Haiyan Ding
,
Hui He
,
Jing Lu
, and
Rui Mano
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
December
2018
DOI: http://dx.doi.org/10.5089/9781484388778.001
ISBN: 9781484388778
China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imb...
Volume/Issue: 2018/276
Series: IMF Working Papers
Author(s):
Yang Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
December
2018
DOI: http://dx.doi.org/10.5089/9781484389584.001
ISBN: 9781484389584
This paper examines the impact of highway expansion on aggregate productivity growth and
sectoral reallocation between cities in China. To do so, I construct a unique dataset of
bilateral transportation costs betwe...
Volume/Issue: 2018/251
Series: IMF Working Papers
Author(s):
Ding Ding
, and
Weicheng Lian
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
December
2018
DOI: http://dx.doi.org/10.5089/9781484385371.001
ISBN: 9781484385371
In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis indicates that the economic structural changes that led to rebalancing toward consumption were...
Volume/Issue: 2018/244
Series: IMF Working Papers
Author(s):
Michael McMahon
,
Alfred Schipke
, and
Xiang Li
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
16
November
2018
DOI: http://dx.doi.org/10.5089/9781484385647.001
ISBN: 9781484385647
Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its...
Volume/Issue: 2018/216
Series: IMF Working Papers
Author(s):
Linxi Chen
,
Ding Ding
, and
Rui Mano
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2018
DOI: http://dx.doi.org/10.5089/9781484375914.001
ISBN: 9781484375914
In late 2015, the Chinese authorities launched a policy to reduce capacity in the coal and
steel industries under the wider effort of Supply-Side Structural Reforms. Around the
same time, producer price inflation i...
Volume/Issue: 2018/219
Series: IMF Working Papers
Author(s):
W. Raphael Lam
, and
Jingsen Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2018
DOI: http://dx.doi.org/10.5089/9781484378410.001
ISBN: 9781484378410
Local governments play a significant role in China's public finance and fiscal operations. The size of local government debt has grown rapidly over the past years, exceeding the stock of sovereign debt in China. Ho...
