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In: Review of Pacific Basin Financial Markets and Policies, Band 23, Heft 2, S. 2050016
ISSN: 1793-6705
China has been touted as a unique success story in development economics. The world financial crisis of 2007–2010 impacted China severely. Its GDP growth slowed, corporate debts piled up, equity markets became volatile, the renminbi weakened, and its forex reserves shrank in the face of capital flight. This paper analyzes the policymakers' approaches in coping with the recent external shocks to the economy noted for having rigid economic structures (such as the trilemma problem and privatization issues). It discusses the tough balancing act facing the policymakers and the various reform options, including capital flow liberalization and structural reform. Finally, the paper discusses the US–China trade war.
In: The World Economy, Band 41, Heft 9, S. 2349-2373
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In: Presented at the Brexit Roundtable Discussion, SUNY Buffalo, April 10, 2017
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In: Pacific economic review, Band 22, Heft 3, S. 435-479
ISSN: 1468-0106
AbstractThis paper provides an overview of trade, environmental and related public issues and policies. It discusses the pollution problem, the recent global warming trend, the attempts of various institutions, including the United Nations, the World Trade Organization, regional, national and other organizations, to solve the global trade and environmental issues. The paper also discusses a number of basic theoretical issues and empirical findings, such as the free‐rider problem, the tragedy of the commons, the theory of second best, the relative efficacy of price and quantity control, carbon leakage, border carbon adjustments, the cap‐and‐trade system, the pollution haven hypothesis, the optimal social discount rate and the environmental Kuznets curve. Some computable general equilibrium models are reviewed and several notable World Trade Organization environmental and health‐related trade dispute cases are analysed, including the tuna–dolphin, shrimp–turtle, eco‐labelling, beef‐hormone and genetically modified organism cases.
In: Forthcoming in Pacific Economic Review
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Working paper
In: GITAM Review of International Business, Forthcoming
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In: Journal of international trade & economic development: an international and comparative review, Band 16, Heft 1, S. 31-52
ISSN: 1469-9559
In: Journal of international trade & economic development: an international and comparative review, Band 14, Heft 1, S. 19-42
ISSN: 1469-9559
In: Journal of international economics, Band 7, Heft 4, S. 329-342
ISSN: 0022-1996
In: The Canadian Journal of Economics, Band 3, Heft 2, S. 199
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Working paper