 | Chinas High Savings: Drivers, Prospects, and Policies Author/Editor: Longmei Zhang, Ray Brooks, Ding Ding, Haiyan Ding, Hui He, Jing Lu, Rui Mano. Release Date:December, 2018 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 more...
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| Globalization and the New Normal Author/Editor: Alina Carare, Bertrand Candelon, Jean-Baptiste Hasse, Jing Lu. Release Date:April, 2018 This study expands the empirical specification of Cerra and Saxena (2008), and allows short-term output growth regimes to be determined by globalization. Relying on a non-linear dynamic panel more...
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| Friend or Foe? Cross-Border Linkages, Contagious Banking Crises, and "Coordinated" Macroprudential Policies Author/Editor: Seung M Choi, Laura E Kodres, Jing Lu. Release Date:January, 2018 This paper examines whether the coordinated use of macroprudential policies can help
lessen the incidence of banking crises. It is well-known that rapid domestic credit growth
and house more...
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