This paper quantifies the effects of China's trade reforms on the current account in its post-WTO period since 2001. We first present cross-country evidence to

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a

This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy,

Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All