Author/Editor: Sally Chen, Katsiaryna Svirydzenka.

Release Date:April, 2021

Author/Editor: Longmei Zhang, Sally Chen.

Release Date:January, 2019

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 more...

Author/Editor: Sally Chen, Joong Shik Kang.

Release Date:January, 2018

Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China’s credit growth is on a more...

Author/Editor: Aleksandra Zdzienicka, Sally Chen, Federico Diaz Kalan, Stefan Laseen, Katsiaryna Svirydzenka.

Release Date:December, 2015

The Global Financial Crisis has reopened discussions on the role of the monetary policy in
 preserving financial stability. Determining whether monetary policy affects financial
 more...

Author/Editor: Sally Chen, Minsuk Kim, Marijn Otte, Kevin Wiseman, Aleksandra Zdzienicka.

Release Date:February, 2015

Balance sheet recessions have been a drag on activity after the Global Financial Crisis,underscoring the important role of balance sheet adjustment for resuming sustainedgrowth. In this paper we more...

Author/Editor: Anna Ter-Martirosyan, Sally Chen, Lawrence Dwight, Mwanza Nkusu, Mehdi Raissi, Ashleigh Watson.

Release Date:January, 2014

External Assessments in Special Cases presents the pilot External Balances Assessment methodology developed by IMF staff for estimating current account and exchange rate gaps for a group of advanced more...

Author/Editor: Sally Chen, Philip Liu, Andrea M Maechler, Chris Marsh, Sergejs Saksonovs, Hyun S Shin.

Release Date:October, 2012

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between more...