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Resolving China's Corporate Debt Problem

Resolving China's Corporate Debt Problem »

Source: Resolving China's Corporate Debt Problem

Volume/Issue: 2016/203

Series: IMF Working Papers

Author(s): Wojciech Maliszewski , Serkan Arslanalp , John Caparusso , José Garrido , Si Guo , Joong Shik Kang , W. Raphael Lam , Daniel Law , Wei Liao , Nadia Rendak , Philippe Wingender , Jiangyan Yu , and Longmei Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2016

ISBN: 9781475545289

Keywords: Corporate Debt Overhang; Credit; Restructuring; Hardening Budget Constraints

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the finan...

Demographics and Interest Rates in Asia

Demographics and Interest Rates in Asia »

Source: Demographics and Interest Rates in Asia

Volume/Issue: 2018/172

Series: IMF Working Papers

Author(s): Serkan Arslanalp , Jaewoo Lee , and Umang Rawat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2018

ISBN: 9781484370308

Keywords: demographics, interest rates, capital account openness

Demographic developments have been regarded as one important cause of the long-term movement in global interest rates. This paper provides empirical evidence of the relationship between demographics and interest ra...

China's Financial Interlinkages and Implications For Inter-Agency Coordination

China's Financial Interlinkages and Implications For Inter-Agency Coordination »

Source: China's Financial Interlinkages and Implications For Inter-Agency Coordination

Volume/Issue: 2016/181

Series: IMF Working Papers

Author(s): Min Liao , Tao Sun , and Jinfan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 August 2016

ISBN: 9781475530490

Keywords: financial landscape, risks, policy coordination

China's financial system has become very large, diversified, and interconnected. This changing financial landscape could potentially produce systemic risks, arising primarily from growing financial interconnectedne...

Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia1

Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia1 »

Source: Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia

Volume/Issue: 2017/82

Series: IMF Working Papers

Author(s): Norbert Funke , Asel Isakova , and Maksym Ivanyna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2017

ISBN: 9781475590616

Keywords: Central Asia, structural reforms, CESEE, Caucasus, reform gaps, General, Institutions and the Macroeconomy, Macroeconomic Analyses of Economic Development

Using data from the World Economic Forum's Global Competitiveness Report as an example, this paper compares structural indicators for 25 countries in Emerging Europe, the Caucasus, and Central Asia with a generic c...

The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS)

The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS) »

Source: The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS)

Volume/Issue: 1993/8

Series: IMF Policy Discussion Papers

Author(s): Julio Escolano , and Parthasarathi Shome

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

ISBN: 9781451970678

Keywords: tax reform, taxation, tax structures, tax structure, tax systems

Two possible tax policy strategies for the NIS are: (1) an optimal nondistortionary tax structure as a one-shot action; and (2) a structure with identifiable and clearly understood distortionary elements as a tempo...

Issues in Intergovernmental Fiscal Relations in China

Issues in Intergovernmental Fiscal Relations in China »

Source: Issues in Intergovernmental Fiscal Relations in China

Volume/Issue: 2005/30

Series: IMF Working Papers

Author(s): Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2005

ISBN: 9781451860498

Keywords: expenditure, expenditures, expenditure assignments, fiscal relations, intergovernmental fiscal, Taxation, Subsidies, and Revenue: General,

The paper reviews the changing nature of intergovernmental fiscal relations between the provinces and the central government in China over the past two decades and provides an assessment of the success of previous...

How Has the Asian Crisis Affected Other Regions?

How Has the Asian Crisis Affected Other Regions? »

Source: Finance & Development, September 1998

Volume/Issue: 35/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

ISBN: 9781451952278

Keywords: income distribution, unskilled workers, fiscal affairs department, taxation, public expenditures

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

China's Impacts on SSA through the Lens of Growth and Exports*

China's Impacts on SSA through the Lens of Growth and Exports* »

Source: China's Impacts on SSA through the Lens of Growth and Exports

Volume/Issue: 2017/288

Series: IMF Working Papers

Author(s): Yibin Mu , Chu Wang , and Dong Frank Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2017

ISBN: 9781484335406

Keywords: Asia and Pacific, Development, Exports, Growth, China Economy, SSA, General, Macroeconomic Analyses of Economic Development

The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has started to impact significantly on SSA growth: one-percent increase in China's GDP per capita leads...

Trading with China

Trading with China »

Source: Trading with China : Productivity Gains, Job Losses

Volume/Issue: 2017/122

Series: IMF Working Papers

Author(s): JaeBin Ahn , and Romain Duval

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

ISBN: 9781475595833

Keywords: China, People's Republic of, Imports, Productivity, Trade, Asia and Pacific, Exports, Growth, Jobs, China

We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and late-2000s, separately identifying the export and import channels. We use country-sector-level...

The Long-Run Trend of Residential Investment in China

The Long-Run Trend of Residential Investment in China »

Source: The Long-Run Trend of Residential Investment in China

Volume/Issue: 2018/251

Series: IMF Working Papers

Author(s): Ding Ding , and Weicheng Lian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2018

ISBN: 9781484385371

Keywords: Asia and Pacific, China, People's Republic of, Central banks and their policies, China housing market, residential investment, rebalancing, Bayesian Analysis, Time-Series Models, Monetary Policy (Targets, Instruments

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...