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People's Republic of China
			: Selected Issues

People's Republic of China : Selected Issues »

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566528.002

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

Pandemics and Automation: Will the Lost Jobs Come Back?

Pandemics and Automation: Will the Lost Jobs Come Back? »

Volume/Issue: 2021/011

Series: IMF Working Papers

Author(s): Tahsin Saadi Sedik , and Jiae Yoo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566849.001

ISBN: 9781513566849

Keywords: Robotics, COVID-19 , Income inequality, Automation, Communicable diseases, Pandemics, Robots, Inequality., WP, pandemic event

COVID-19 has exacerbated concerns about the rise of the robots and other automation technologies. This paper analyzes empirically the impact of past major pandemics on robot adoption and inequality. First, we find...

Pandemics and Automation: Will the Lost Jobs Come Back?1

Pandemics and Automation: Will the Lost Jobs Come Back?1 »

Source: Pandemics and Automation: Will the Lost Jobs Come Back?

Volume/Issue: 2021/011

Series: IMF Working Papers

Author(s): Tahsin Saadi Sedik , and Jiae Yoo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566849

Keywords: Robotics, COVID-19 , Income inequality, Automation, Communicable diseases, Pandemics, Robots, Inequality., WP, pandemic event

COVID-19 has exacerbated concerns about the rise of the robots and other automation technologies. This paper analyzes empirically the impact of past major pandemics on robot adoption and inequality. First, we find...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People's Republic of China
			: Selected Issues

People's Republic of China : Selected Issues »

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781513566610.002

ISBN: 9781513566610

Selected Issues...

People's Republic of China: Selected Issues

People's Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

Language: Chinese

ISBN: 9781513566610

Selected Issues...

IMF Executive Board Concludes 2020 Article IV Consultation with the People’s Republic of China

IMF Executive Board Concludes 2020 Article IV Consultation with the People’s Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People's Republic of China
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China »

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

DOI: http://dx.doi.org/10.5089/9781513566184.002

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People’s Republic of China: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the People’S Republic of China

People’s Republic of China: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the People’S Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People's Republic of China
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China »

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781513566344.002

ISBN: 9781513566344

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People's Republic of China: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

People's Republic of China: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

Language: Chinese

ISBN: 9781513566344

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People’s Republic of China: Staff Report for the 2020 Article IV Consultation— Informational Annex

People’s Republic of China: Staff Report for the 2020 Article IV Consultation— Informational Annex »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

Statement by Jin Zhongxia, Executive Director for People’s Republic of China, Zhengxin Zhang, Alternate Executive Director, and Yun Liu, Senior Advisor to Executive Director December 17, 2020

Statement by Jin Zhongxia, Executive Director for People’s Republic of China, Zhengxin Zhang, Alternate Executive Director, and Yun Liu, Senior Advisor to Executive Director December 17, 2020 »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

Supply Spillovers During the Pandemic: Evidence from High-Frequency Shipping Data

Supply Spillovers During the Pandemic: Evidence from High-Frequency Shipping Data »

Volume/Issue: 2020/284

Series: IMF Working Papers

Author(s): Diego Cerdeiro , and Andras Komaromi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

DOI: http://dx.doi.org/10.5089/9781513564746.001

ISBN: 9781513564746

Keywords: Imports, Spillovers, Plurilateral trade, Foreign currency exposure, COVID-19 , lockdowns, trade, supply chains., WP, lockdown exposure

World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in international supply chains were widely reported as governments imposed containment measures (l...

Supply Spillovers During the Pandemic: Evidence from High-Frequency Shipping Data♠

Supply Spillovers During the Pandemic: Evidence from High-Frequency Shipping Data♠ »

Source: Supply Spillovers During the Pandemic: Evidence from High-Frequency Shipping Data

Volume/Issue: 2020/284

Series: IMF Working Papers

Author(s): Diego Cerdeiro , and Andras Komaromi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564746

Keywords: Imports, Spillovers, Plurilateral trade, Foreign currency exposure, COVID-19 , lockdowns, trade, supply chains., WP, lockdown exposure

World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in international supply chains were widely reported as governments imposed containment measures (l...

Modeling Trade Tensions: Different Mechanisms in General Equilibrium

Modeling Trade Tensions: Different Mechanisms in General Equilibrium »

Volume/Issue: 2020/279

Series: IMF Working Papers

Author(s): Benjamin Hunt , Susanna Mursula , Rafael Portillo , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2020

DOI: http://dx.doi.org/10.5089/9781513561615.001

ISBN: 9781513561615

Keywords: Tariffs, Imports, Exports, Trade balance, Exchange rates, Trade policy, trade elasticity, Nominal and real rigidities, general equilibrium, WP

In this paper, we investigate the mechanisms through which import tariffs impact the macroeconomy in two large scale workhorse models used for quantitative policy analysis: a computational general equilibrium (CGE)...

Modeling Trade Tensions: Different Mechanisms in General Equilibrium

Modeling Trade Tensions: Different Mechanisms in General Equilibrium »

Source: Modeling Trade Tensions: Different Mechanisms in General Equilibrium

Volume/Issue: 2020/279

Series: IMF Working Papers

Author(s): Benjamin Hunt , Susanna Mursula , Rafael Portillo , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2020

ISBN: 9781513561615

Keywords: Tariffs, Imports, Exports, Trade balance, Exchange rates, Trade policy, trade elasticity, Nominal and real rigidities, general equilibrium, WP

In this paper, we investigate the mechanisms through which import tariffs impact the macroeconomy in two large scale workhorse models used for quantitative policy analysis: a computational general equilibrium (CGE)...

Incomplete Financial Markets and the Booming Housing Sector in China

Incomplete Financial Markets and the Booming Housing Sector in China »

Volume/Issue: 2020/265

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Yunhui Zhao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2020

DOI: http://dx.doi.org/10.5089/9781513561639.001

ISBN: 9781513561639

Keywords: Housing prices, Housing, Consumption, Securities markets, Stock markets, Chinese housing, COVID-19, Financial market incompleteness, DSGE, WP

Housing is by far the most important asset in Chinese households' balance sheets. However, despite forceful and frequent government interventions, the rise in Chinese housing prices has not been contained as much a...

Incomplete Financial Markets and the Booming Housing Sector in China

Incomplete Financial Markets and the Booming Housing Sector in China »

Source: Incomplete Financial Markets and the Booming Housing Sector in China

Volume/Issue: 2020/265

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Yunhui Zhao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2020

ISBN: 9781513561639

Keywords: Housing prices, Housing, Consumption, Securities markets, Stock markets, Chinese housing, COVID-19, Financial market incompleteness, DSGE, WP

Housing is by far the most important asset in Chinese households' balance sheets. However, despite forceful and frequent government interventions, the rise in Chinese housing prices has not been contained as much a...

Energy, Efficiency Gains and Economic Development: When Will Global Energy Demand Saturate?

Energy, Efficiency Gains and Economic Development: When Will Global Energy Demand Saturate? »

Source: Energy, Efficiency Gains and Economic Development: When Will Global Energy Demand Saturate?

Volume/Issue: 2020/253

Series: IMF Working Papers

Author(s): Christian Bogmans , Lama Kiyasseh , Akito Matsumoto , and Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

ISBN: 9781513561240

Keywords: Personal income, Manufacturing, Consumption, Energy prices, Oil prices, Energy demand, economic growth, climate change, WP, income elasticity

Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income f...

Energy, Efficiency Gains and Economic Development: When Will Global Energy Demand Saturate?

Energy, Efficiency Gains and Economic Development: When Will Global Energy Demand Saturate? »

Volume/Issue: 2020/253

Series: IMF Working Papers

Author(s): Christian Bogmans , Lama Kiyasseh , Akito Matsumoto , and Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

DOI: http://dx.doi.org/10.5089/9781513561240.001

ISBN: 9781513561240

Keywords: Personal income, Manufacturing, Consumption, Energy prices, Oil prices, Energy demand, economic growth, climate change, WP, income elasticity

Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income f...

Technological and Economic Decoupling in the Cyber Era

Technological and Economic Decoupling in the Cyber Era »

Volume/Issue: 2020/257

Series: IMF Working Papers

Author(s): Daniel Garcia Macia , and Rishi Goyal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

DOI: http://dx.doi.org/10.5089/9781513561677.001

ISBN: 9781513561677

Keywords: Imports, Exports, Trade liberalization, Technology, Trade balance, digital economy, decoupling, corporate power, technological diffusion, WP

The COVID-19 pandemic has accelerated the shift toward digital services. Meanwhile, the race for technological and economic leadership has heated up, with risks of decoupling that could set back trade and growth an...

Technological and Economic Decoupling in the Cyber Era

Technological and Economic Decoupling in the Cyber Era »

Source: Technological and Economic Decoupling in the Cyber Era

Volume/Issue: 2020/257

Series: IMF Working Papers

Author(s): Daniel Garcia Macia , and Rishi Goyal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

ISBN: 9781513561677

Keywords: Imports, Exports, Trade liberalization, Technology, Trade balance, digital economy, decoupling, corporate power, technological diffusion, WP

The COVID-19 pandemic has accelerated the shift toward digital services. Meanwhile, the race for technological and economic leadership has heated up, with risks of decoupling that could set back trade and growth an...

Banking Across Borders: Are Chinese Banks Different?

Banking Across Borders: Are Chinese Banks Different? »

Source: Banking Across Borders: Are Chinese Banks Different?

Volume/Issue: 2020/249

Series: IMF Working Papers

Author(s): Eugenio Cerutti , Catherine Koch , and Swapan-Kumar Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

ISBN: 9781513561226

Keywords: Bank credit, Portfolio investment, Cross-border banking, Foreign direct investment, Foreign banks, Chinese banks, Trade, FDI, Gravity model, WP

We explore the global footprint of Chinese banks and compare it with that of other bank nationalities. Chinese banks have become the largest cross-border creditors for almost half of all emerging market and develop...

China's Rebalancing: Opportunities and Challenges for LAC Exporters

China's Rebalancing: Opportunities and Challenges for LAC Exporters »

Source: China's Rebalancing: Opportunities and Challenges for LAC Exporters

Volume/Issue: 2020/239

Series: IMF Working Papers

Author(s): Nitya Aasaavari , Fabio Di Vittorio , Ana Lariau , Yuebo Li , Rui Mano , and Pedro Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

ISBN: 9781513561141

Keywords: Exports, Competition, Comparative advantage, Imports, Real exports, China’s rebalancing, Latin America and the Caribbean, trade integration, WP, Asia-Lac trade linkage

Asia and Latin America and the Caribbean (LAC), two regions with large growth potential, have become increasingly connected over the last 20 years. China has emerged not only as a top trading partner, but also as a...

The Great Lockdown: International Risk Sharing Through Trade and Policy Coordination1

The Great Lockdown: International Risk Sharing Through Trade and Policy Coordination1 »

Source: The Great Lockdown: International Risk Sharing Through Trade and Policy Coordination

Volume/Issue: 2020/242

Series: IMF Working Papers

Author(s): Philipp Engler , Nathalie Pouokam , Diego Rodriguez Guzman , and Irina Yakadina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

ISBN: 9781513560182

Keywords: Consumption, Terms of trade, Labor, Consumption taxes, COVID-19 , Great Lockown, epidemic, trade, optimal containment, cooperation

Voluntary and government-mandated lockdowns in response to COVID-19 have caused causing drastic reductions in economic activity around the world. We present a parsimonious two-country-SIR model with some degree of...

Banking Across Borders: Are Chinese Banks Different?

Banking Across Borders: Are Chinese Banks Different? »

Volume/Issue: 2020/249

Series: IMF Working Papers

Author(s): Eugenio Cerutti , Catherine Koch , and Swapan-Kumar Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

DOI: http://dx.doi.org/10.5089/9781513561226.001

ISBN: 9781513561226

Keywords: Bank credit, Portfolio investment, Cross-border banking, Foreign direct investment, Foreign banks, Chinese banks, Trade, FDI, Gravity model, WP

We explore the global footprint of Chinese banks and compare it with that of other bank nationalities. Chinese banks have become the largest cross-border creditors for almost half of all emerging market and develop...

China's Rebalancing: Opportunities and Challenges for LAC Exporters

China's Rebalancing: Opportunities and Challenges for LAC Exporters »

Volume/Issue: 2020/239

Series: IMF Working Papers

Author(s): Nitya Aasaavari , Fabio Di Vittorio , Ana Lariau , Yuebo Li , Rui Mano , and Pedro Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

DOI: http://dx.doi.org/10.5089/9781513561141.001

ISBN: 9781513561141

Keywords: Exports, Competition, Comparative advantage, Imports, Real exports, China’s rebalancing, Latin America and the Caribbean, trade integration, WP, Asia-Lac trade linkage

Asia and Latin America and the Caribbean (LAC), two regions with large growth potential, have become increasingly connected over the last 20 years. China has emerged not only as a top trading partner, but also as a...

The Great Lockdown: International Risk Sharing Through Trade and Policy Coordination

The Great Lockdown: International Risk Sharing Through Trade and Policy Coordination »

Volume/Issue: 2020/242

Series: IMF Working Papers

Author(s): Philipp Engler , Nathalie Pouokam , Diego Rodriguez Guzman , and Irina Yakadina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

DOI: http://dx.doi.org/10.5089/9781513560182.001

ISBN: 9781513560182

Keywords: Consumption, Terms of trade, Labor, Consumption taxes, COVID-19 , Great Lockown, epidemic, trade, optimal containment, cooperation

Voluntary and government-mandated lockdowns in response to COVID-19 have caused causing drastic reductions in economic activity around the world. We present a parsimonious two-country-SIR model with some degree of...

2. A Multispeed Recovery in Asia

2. A Multispeed Recovery in Asia »

Source: Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

Global Context The COVID-19 pandemic plunged the world into a sharp recession in the first half of 2020. Service sector activity, which relies on person-to-person contact, took a big...

4. COVID-19 and Inequality in Asia: Risks of Social Unrest?

4. COVID-19 and Inequality in Asia: Risks of Social Unrest? »

Source: Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

This chapter shows, based on high-frequency labor surveys, that inequality is increasing further during the COVID-19 pandemic because job losses have been concentrated among low-income workers....

3. COVID-19 Lockdowns and Exits in Asia: Some Lessons

3. COVID-19 Lockdowns and Exits in Asia: Some Lessons »

Source: Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

This chapter uses new data and novel modeling techniques to examine the effect of containment and policy measures in affecting the health and economic consequences of the COVID-19 pandemic....

1. Overview

1. Overview »

Source: Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

Navigating the Pandemic: A Multispeed Recovery in Asia The coronavirus disease (COVID-19) pandemic is still unfolding around the globe. In Asia, as elsewhere, the...

Regional Economic Outlook, October 2020, Asia and Pacific
			: Navigating the Pandemic: A Multispeed Recovery in Asia

Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

DOI: http://dx.doi.org/10.5089/9781513558202.086

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

The coronavirus disease (COVID-19) pandemic is still unfolding around the globe. In Asia, as elsewhere, the virus has ebbed in some countries but surged in others. The global economy is beginning to recover after a...

Back Matter

Back Matter »

Source: Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

The coronavirus disease (COVID-19) pandemic is still unfolding around the globe. In Asia, as elsewhere, the virus has ebbed in some countries but surged in others. The global economy is beginning to recover after a...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2020, Asia and Pacific : Navigating the Pandemic: A Multispeed Recovery in Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2020

ISBN: 9781513558202

Keywords: COVID-19 , Crisis management, Crisis recovery and resolution planning, Regional Economic Outlook, Economic forecasting, Monetary policy, Gender inequality, Income inequality, Poverty and inequality, Loss of jobs

The coronavirus disease (COVID-19) pandemic is still unfolding around the globe. In Asia, as elsewhere, the virus has ebbed in some countries but surged in others. The global economy is beginning to recover after a...

Are Bilateral Trade Balances Irrelevant?

Are Bilateral Trade Balances Irrelevant? »

Source: Are Bilateral Trade Balances Irrelevant?

Volume/Issue: 2020/210

Series: IMF Working Papers

Author(s): Margaux MacDonald , Roberto Piazza , Johannes Eugster , and Florence Jaumotte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557793

Keywords: Trade balance, Plurilateral trade, Exports, Gravity models, Trade relations, WP, bilateral trade balances, trade cost, predicted trade balance, aggregate trade balances

Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is...

Fintech Credit Risk Assessment for SMEs: Evidence from China

Fintech Credit Risk Assessment for SMEs: Evidence from China »

Source: Fintech Credit Risk Assessment for SMEs: Evidence from China

Volume/Issue: 2020/193

Series: IMF Working Papers

Author(s): Yiping Huang , Longmei Zhang , Zhenhua Li , Han Qiu , Tao Sun , and Xue Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557618

Keywords: Fintech, Machine learning, Bank credit, Loans, Credit risk, WP, credit history, Fintech firm, house ownership, internet company

Promoting credit services to small and medium-size enterprises (SMEs) has been a perennial challenge for policy makers globally due to high information costs. Recent fintech developments may be able to mitigate thi...

Are Bilateral Trade Balances Irrelevant?

Are Bilateral Trade Balances Irrelevant? »

Volume/Issue: 2020/210

Series: IMF Working Papers

Author(s): Margaux MacDonald , Roberto Piazza , Johannes Eugster , and Florence Jaumotte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

DOI: http://dx.doi.org/10.5089/9781513557793.001

ISBN: 9781513557793

Keywords: Trade balance, Plurilateral trade, Exports, Gravity models, Trade relations, WP, bilateral trade balances, trade cost, predicted trade balance, aggregate trade balances

Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is...

Fintech Credit Risk Assessment for SMEs: Evidence from China

Fintech Credit Risk Assessment for SMEs: Evidence from China »

Volume/Issue: 2020/193

Series: IMF Working Papers

Author(s): Yiping Huang , Longmei Zhang , Zhenhua Li , Han Qiu , Tao Sun , and Xue Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

DOI: http://dx.doi.org/10.5089/9781513557618.001

ISBN: 9781513557618

Keywords: Fintech, Machine learning, Bank credit, Loans, Credit risk, WP, credit history, Fintech firm, house ownership, internet company

Promoting credit services to small and medium-size enterprises (SMEs) has been a perennial challenge for policy makers globally due to high information costs. Recent fintech developments may be able to mitigate thi...

The IMF Executive Board Discusses “The Evolution of Public Debt Vulnerabilities in Lower Income Economies”

The IMF Executive Board Discusses “The Evolution of Public Debt Vulnerabilities in Lower Income Economies” »

Source: The Evolution of Public Debt Vulnerabilities In Lower Income Economies

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529110

Keywords: Access to international capital markets, Sovereign debt, Economic growth, Debt burden, Debt markets, PP, debt level, WEO, SOEs, HIPC

Public debt in lower-income economies (LIEs) has risen in recent years, with half of the countries covered in this report now assessed to be at high risk of or already in debt distress....

The Evolution of Public Debt Vulnerabilities In Lower Income Economies

The Evolution of Public Debt Vulnerabilities In Lower Income Economies »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

DOI: http://dx.doi.org/10.5089/9781513529110.007

ISBN: 9781513529110

Keywords: Access to international capital markets, Sovereign debt, Economic growth, Debt burden, Debt markets, PP, debt level, WEO, SOEs, HIPC

Public debt in lower-income economies (LIEs) has risen in recent years, with half of the countries covered in this report now assessed to be at high risk of or already in debt distress....

IMF Policy Paper: The Evolution of Public Debt Vulnerabilities in Lower Income Economies

IMF Policy Paper: The Evolution of Public Debt Vulnerabilities in Lower Income Economies »

Source: The Evolution of Public Debt Vulnerabilities In Lower Income Economies

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529110

Keywords: Access to international capital markets, Sovereign debt, Economic growth, Debt burden, Debt markets, PP, debt level, WEO, SOEs, HIPC

Public debt in lower-income economies (LIEs) has risen in recent years, with half of the countries covered in this report now assessed to be at high risk of or already in debt distress....

Liquidity Choice and Misallocation of Credit

Liquidity Choice and Misallocation of Credit »

Volume/Issue: 2019/284

Series: IMF Working Papers

Author(s): Ehsan Ebrahimy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2019

DOI: http://dx.doi.org/10.5089/9781513521480.001

ISBN: 9781513521480

Keywords: Real sector, Negative interest rates, Positive interest rates, Interest rate increases, Interest rates, WP, financial development, competitive equilibrium, liquid equilibrium, Tirole

This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low...

Liquidity Choice and Misallocation of Credit

Liquidity Choice and Misallocation of Credit »

Source: Liquidity Choice and Misallocation of Credit

Volume/Issue: 2019/284

Series: IMF Working Papers

Author(s): Ehsan Ebrahimy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2019

ISBN: 9781513521480

Keywords: Real sector, Negative interest rates, Positive interest rates, Interest rate increases, Interest rates, WP, financial development, competitive equilibrium, liquid equilibrium, Tirole

This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low...

Is Digitalization Driving Domestic Inflation?

Is Digitalization Driving Domestic Inflation? »

Volume/Issue: 2019/271

Series: IMF Working Papers

Author(s): Balazs Csonto , Yuxuan Huang , and Camilo Tovar Mora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2019

DOI: http://dx.doi.org/10.5089/9781513519944.001

ISBN: 9781513519944

Keywords: Consumer price indexes, Nominal effective exchange rate, Price indexes, Purchasing power parity, Commodity price indexes, Inflation, Digitalization, IP Address, Internet., WP

This paper examines the extent to which digitalization-measured by a new proxy based on IP addresses allocations per country-has influenced inflation dynamics in a sample of 36 advanced and emerging economies over...

Is Digitalization Driving Domestic Inflation?

Is Digitalization Driving Domestic Inflation? »

Source: Is Digitalization Driving Domestic Inflation?

Volume/Issue: 2019/271

Series: IMF Working Papers

Author(s): Balazs Csonto , Yuxuan Huang , and Camilo Tovar Mora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2019

ISBN: 9781513519944

Keywords: Consumer price indexes, Nominal effective exchange rate, Price indexes, Purchasing power parity, Commodity price indexes, Inflation, Digitalization, IP Address, Internet., WP

This paper examines the extent to which digitalization-measured by a new proxy based on IP addresses allocations per country-has influenced inflation dynamics in a sample of 36 advanced and emerging economies over...

Assessing Macro-Financial Risks of Household Debt in China

Assessing Macro-Financial Risks of Household Debt in China »

Source: Assessing Macro-Financial Risks of Household Debt in China

Volume/Issue: 2019/258

Series: IMF Working Papers

Author(s): Fei Han , Emilia Jurzyk , Wei Guo , Yun He , and Nadia Rendak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

ISBN: 9781513516073

Keywords: Financial crises, Fiscal sector, Real sector, Demographic indicators, National accounts, Household indebtedness, macro-financial risks, houshold survey, WP, consumption growth

High household indebtedness could constrain future consumption growth and increase financial stability risks. This paper uses household survey data to analyze both macroeconomic and finanical stability risks from t...

China's Productivity Convergence and Growth Potential-A Stocktaking and Sectoral Approach

China's Productivity Convergence and Growth Potential-A Stocktaking and Sectoral Approach »

Source: China's Productivity Convergence and Growth Potential-A Stocktaking and Sectoral Approach

Volume/Issue: 2019/263

Series: IMF Working Papers

Author(s): Min Zhu , Longmei Zhang , and Daoju Peng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

ISBN: 9781513515359

Keywords: Economic theory, Economic reforms, Economic growth, Real sector, Financial crises, Potential Growth, China, Convergence, WP, productivity growth

China's growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the 'middle-income trap' and financial vulnerabilities are mounting after years of rapid credit ex...

China's Productivity Convergence and Growth Potential-A Stocktaking and Sectoral Approach

China's Productivity Convergence and Growth Potential-A Stocktaking and Sectoral Approach »

Volume/Issue: 2019/263

Series: IMF Working Papers

Author(s): Min Zhu , Longmei Zhang , and Daoju Peng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

DOI: http://dx.doi.org/10.5089/9781513515359.001

ISBN: 9781513515359

Keywords: Economic theory, Economic reforms, Economic growth, Real sector, Financial crises, Potential Growth, China, Convergence, WP, productivity growth

China's growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the 'middle-income trap' and financial vulnerabilities are mounting after years of rapid credit ex...

Assessing Macro-Financial Risks of Household Debt in China

Assessing Macro-Financial Risks of Household Debt in China »

Volume/Issue: 2019/258

Series: IMF Working Papers

Author(s): Fei Han , Emilia Jurzyk , Wei Guo , Yun He , and Nadia Rendak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

DOI: http://dx.doi.org/10.5089/9781513516073.001

ISBN: 9781513516073

Keywords: Financial crises, Fiscal sector, Real sector, Demographic indicators, National accounts, Household indebtedness, macro-financial risks, houshold survey, WP, consumption growth

High household indebtedness could constrain future consumption growth and increase financial stability risks. This paper uses household survey data to analyze both macroeconomic and finanical stability risks from t...

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1 »

Source: The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus »

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513516097.001

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature »

Volume/Issue: 2019/185

Series: IMF Working Papers

Author(s): Signe Krogstrup , and William Oman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2019

DOI: http://dx.doi.org/10.5089/9781513511955.001

ISBN: 9781513511955

Keywords: Financial regulation and supervision, Financial crises, Central banking and monetary issues, Economic conditions, Financial management, climate change, fiscal policy, monetary policy, financial policy, policy framework

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role...

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature »

Source: Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Volume/Issue: 2019/185

Series: IMF Working Papers

Author(s): Signe Krogstrup , and William Oman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2019

ISBN: 9781513511955

Keywords: Financial regulation and supervision, Financial crises, Central banking and monetary issues, Economic conditions, Financial management, climate change, fiscal policy, monetary policy, financial policy, policy framework

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role...

People's Republic of China
			: Selected Issues

People's Republic of China : Selected Issues »

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

DOI: http://dx.doi.org/10.5089/9781513511252.002

ISBN: 9781513511252

Keywords: Financial crises, Balance of trade, Fiscal sector, Bilateral trade, Credit, trade balance, SOEs, consumption growth, implicit guarantee, household debt

This Selected Issues paper focuses on the drivers, implications and outlook for China's shrinking current account surplus. Although cyclical factors helped in 2018, the trend decline has been largely structural, dr...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

ISBN: 9781513511252

Keywords: Financial crises, Balance of trade, Fiscal sector, Bilateral trade, Credit, trade balance, SOEs, consumption growth, implicit guarantee, household debt

This Selected Issues paper focuses on the drivers, implications and outlook for China's shrinking current account surplus. Although cyclical factors helped in 2018, the trend decline has been largely structural, dr...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

ISBN: 9781513511252

Keywords: Financial crises, Balance of trade, Fiscal sector, Bilateral trade, Credit, trade balance, SOEs, consumption growth, implicit guarantee, household debt

This Selected Issues paper focuses on the drivers, implications and outlook for China's shrinking current account surplus. Although cyclical factors helped in 2018, the trend decline has been largely structural, dr...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

ISBN: 9781513511252

Keywords: Financial crises, Balance of trade, Fiscal sector, Bilateral trade, Credit, trade balance, SOEs, consumption growth, implicit guarantee, household debt

This Selected Issues paper focuses on the drivers, implications and outlook for China's shrinking current account surplus. Although cyclical factors helped in 2018, the trend decline has been largely structural, dr...

People’s Republic of China: Selected Issues

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

ISBN: 9781513511252

Keywords: Financial crises, Balance of trade, Fiscal sector, Bilateral trade, Credit, trade balance, SOEs, consumption growth, implicit guarantee, household debt

This Selected Issues paper focuses on the drivers, implications and outlook for China's shrinking current account surplus. Although cyclical factors helped in 2018, the trend decline has been largely structural, dr...

People's Republic of China
			: Selected Issues

People's Republic of China : Selected Issues »

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781513511306.002

ISBN: 9781513511306

Selected Issues...

People's Republic of China: Selected Issues

People's Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2019/274

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

Language: Chinese

ISBN: 9781513511306

Selected Issues...

IMF Executive Board Concludes 2019 Article IV Consultation with the People‘s Republic of China

IMF Executive Board Concludes 2019 Article IV Consultation with the People‘s Republic of China »

Source: People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

ISBN: 9781513510460

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

This 2019 Article IV Consultation with People's Republic of China highlights that after the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early...

People's Republic of China
			: 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China »

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

DOI: http://dx.doi.org/10.5089/9781513510460.002

ISBN: 9781513510460

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

This 2019 Article IV Consultation with People's Republic of China highlights that after the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early...

People’s Republic of China: 2019 Article IV Consultation—Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

People’s Republic of China: 2019 Article IV Consultation—Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China »

Source: People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

ISBN: 9781513510460

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

This 2019 Article IV Consultation with People's Republic of China highlights that after the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early...

People's Republic of China
			: 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China »

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781513510637.002

ISBN: 9781513510637

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

After the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early 2019. Financial deleveraging and reduced interconnectedness between banks and non-...

People's Republic of China: 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

People's Republic of China: 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China »

Source: People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

Language: Chinese

ISBN: 9781513510637

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

After the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early 2019. Financial deleveraging and reduced interconnectedness between banks and non-...

People’s Republic of China: Staff Report for the 2019 Article IV Consultation—Informational Annex

People’s Republic of China: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

ISBN: 9781513510460

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

This 2019 Article IV Consultation with People's Republic of China highlights that after the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early...

Statement by Executive Director for People’s Republic of China, Jin Zhongxia July 31, 2019

Statement by Executive Director for People’s Republic of China, Jin Zhongxia July 31, 2019 »

Source: People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

ISBN: 9781513510460

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

This 2019 Article IV Consultation with People's Republic of China highlights that after the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early...

Statement by the IMF Staff Representative July 24, 2019

Statement by the IMF Staff Representative July 24, 2019 »

Source: People's Republic of China : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for China

Volume/Issue: 2019/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2019

ISBN: 9781513510460

Keywords: Economic indicators, Financial statistics, Financial institutions, Fiscal policy, Gross domestic product, trade tension, percent of GDP, PBC, SOEs, off-budget

This 2019 Article IV Consultation with People's Republic of China highlights that after the slowdown in 2018, reflecting financial regulatory strengthening and softening external demand, growth stabilized in early...

People's Republic of China
			: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

People's Republic of China : Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism »

Volume/Issue: 2019/172

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 2019

DOI: http://dx.doi.org/10.5089/9781498320689.002

ISBN: 9781498320689

Keywords: Systemically important financial institutions, Real sector, Social security, Money laundering, Central banks, STRs, PBC, financial intelligence, CFT, AML

This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in the People's Republic of China (China)1 as at the date of the onsite visit (July 9-27,...

People’s Republic of China: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

People’s Republic of China: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism »

Source: People's Republic of China : Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

Volume/Issue: 2019/172

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 2019

ISBN: 9781498320689

Keywords: Systemically important financial institutions, Real sector, Social security, Money laundering, Central banks, STRs, PBC, financial intelligence, CFT, AML

This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in the People's Republic of China (China)1 as at the date of the onsite visit (July 9-27,...

Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks

Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks »

Volume/Issue: 2019/111

Series: IMF Working Papers

Author(s): Yu Shi , Robert Townsend , and Wu Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2019

DOI: http://dx.doi.org/10.5089/9781498314411.001

ISBN: 9781498314411

Keywords: Interest rate ceilings, Supply and demand, Credit demand, Credit, Bank credit, Internal capital markets, business groups, bank lending, China, corporate shareholder

Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders' credit supply shocks to their subsidiaries. An average of 16.7% local bank cre...

Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks1

Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks1 »

Source: Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks

Volume/Issue: 2019/111

Series: IMF Working Papers

Author(s): Yu Shi , Robert Townsend , and Wu Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2019

ISBN: 9781498314411

Keywords: Interest rate ceilings, Supply and demand, Credit demand, Credit, Bank credit, Internal capital markets, business groups, bank lending, China, corporate shareholder

Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders' credit supply shocks to their subsidiaries. An average of 16.7% local bank cre...

Understanding Export Diversification: Key Drivers and Policy Implications

Understanding Export Diversification: Key Drivers and Policy Implications »

Volume/Issue: 2019/105

Series: IMF Working Papers

Author(s): Rahul Giri , Saad Quayyum , and Rujun Yin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2019

DOI: http://dx.doi.org/10.5089/9781498313087.001

ISBN: 9781498313087

Keywords: Commodity markets, Commodity price fluctuations, Comparative advantage, Natural resources, International trade agreements, Diversification, Education, Trade, Natural Resource Rent, Commodity Exporter

We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model unc...

Understanding Export Diversification: Key Drivers and Policy Implications

Understanding Export Diversification: Key Drivers and Policy Implications »

Source: Understanding Export Diversification: Key Drivers and Policy Implications

Volume/Issue: 2019/105

Series: IMF Working Papers

Author(s): Rahul Giri , Saad Quayyum , and Rujun Yin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2019

ISBN: 9781498313087

Keywords: Commodity markets, Commodity price fluctuations, Comparative advantage, Natural resources, International trade agreements, Diversification, Education, Trade, Natural Resource Rent, Commodity Exporter

We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model unc...

Illuminating Economic Growth

Illuminating Economic Growth »

Source: Illuminating Economic Growth

Volume/Issue: 2019/77

Series: IMF Working Papers

Author(s): Yingyao Hu , and Jiaxiong Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 April 2019

ISBN: 9781498302944

Keywords: Low income countries, Economic growth, Development, Emerging markets, Technological innovation, Nighttime lights, measurement error, GDP per capita., real GDP, optimal weight

This paper seeks to illuminate the uncertainty in official GDP per capita measures using auxiliary data. Using satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a s...

Illuminating Economic Growth

Illuminating Economic Growth »

Volume/Issue: 2019/77

Series: IMF Working Papers

Author(s): Yingyao Hu , and Jiaxiong Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 April 2019

DOI: http://dx.doi.org/10.5089/9781498302944.001

ISBN: 9781498302944

Keywords: Low income countries, Economic growth, Development, Emerging markets, Technological innovation, Nighttime lights, measurement error, GDP per capita., real GDP, optimal weight

This paper seeks to illuminate the uncertainty in official GDP per capita measures using auxiliary data. Using satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a s...

The Future of China's Bond Market

The Future of China's Bond Market »

Series: Books

Publisher: CITIC

Publication Date: 29 March 2019

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781513507798.071

ISBN: 9781513507798

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

China's bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country's bonds in global indexes will be a milestone for its financial market integration,...

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries »

Source: Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries

Volume/Issue: 2019/68

Series: IMF Working Papers

Author(s): Kangni Kpodar , Maelan Le Goff , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2019

ISBN: 9781498303569

Keywords: Financial sector development, Economic stabilization, Real sector, International capital markets, Terms of trade, Banks, stock markets, terms of trade shocks, growth volatility, volatility

This paper contributes to the literature by looking at the possible relevance of the structure of the financial system-whether financial intermediation is performed through banks or markets-for macroeconomic volati...

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries »

Volume/Issue: 2019/68

Series: IMF Working Papers

Author(s): Kangni Kpodar , Maelan Le Goff , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2019

DOI: http://dx.doi.org/10.5089/9781498303569.001

ISBN: 9781498303569

Keywords: Financial sector development, Economic stabilization, Real sector, International capital markets, Terms of trade, Banks, stock markets, terms of trade shocks, growth volatility, volatility

This paper contributes to the literature by looking at the possible relevance of the structure of the financial system-whether financial intermediation is performed through banks or markets-for macroeconomic volati...

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply »

Volume/Issue: 2019/61

Series: IMF Working Papers

Author(s): Hui He , Lei Ning , and Dongming Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2019

DOI: http://dx.doi.org/10.5089/9781498302890.001

ISBN: 9781498302890

Keywords: Pension reforms, Social security, Household survey data, Labor supply, Social welfare programs, Demographic Change, Pension Reform, Saving, Life Cycle, Heterogeneous Agent Model

We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevi...

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply1

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply1 »

Source: The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply

Volume/Issue: 2019/61

Series: IMF Working Papers

Author(s): Hui He , Lei Ning , and Dongming Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2019

ISBN: 9781498302890

Keywords: Pension reforms, Social security, Household survey data, Labor supply, Social welfare programs, Demographic Change, Pension Reform, Saving, Life Cycle, Heterogeneous Agent Model

We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevi...

Chapter 8 Asset-Backed Securities

Chapter 8 Asset-Backed Securities »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

Asset securitization has long been recognized as a way to help overall financial market development, including the money market, the credit market, and the bond market. It can impro...

Chapter 2 China’s Bond Market and Global Financial Markets

Chapter 2 China’s Bond Market and Global Financial Markets »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

Introduction Sustainably integrating China into the global economy has been a pivotal event in recent decades and will continue to lead global economic developments. Trade and produc...

Chapter 1 China’s Bond Market: Characteristics, Prospects, and Reforms

Chapter 1 China’s Bond Market: Characteristics, Prospects, and Reforms »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

In 2018, China marked the fortieth anniversary of “reform and opening up,” which launched a growth miracle that has put the country on a path—absent major shocks—to becoming the wor...

Chapter 16 China’s Offshore Corporate Dollar Bonds

Chapter 16 China’s Offshore Corporate Dollar Bonds »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

In recent years, emerging market economies have substantially increased their corporate bond issuance in the global capital markets. Their total overseas nongovernment securities ou...

Chapter 11 Clearing Roadblocks to Foreign Participation

Chapter 11 Clearing Roadblocks to Foreign Participation »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

Foreign appetite for renminbi (RMB) assets, including bonds, has regained momentum since the second half of 2017, encouraged by solid economic growth, a better outlook for foreign e...

Chapter 4 Credit Bonds

Chapter 4 Credit Bonds »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

China’s credit bond market has grown rapidly in recent decades. Since 1983, when China’s first enterprise bond was issued, the credit bond market has expanded from enterprise bonds...

Chapter 7 Green Bonds

Chapter 7 Green Bonds »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

In the report delivered at the 19th National Congress of the Communist Party of China in 2017, President XI Jinping emphasized that building an ecological civilization would be a “m...

Chapter 5 Local Government Bonds

Chapter 5 Local Government Bonds »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

China’s government bond market has grown rapidly to become one of the largest in the world. Overall, China’s fixed income market reached renminbi (RMB) 74.5 trillion in 2017 (over 9...

Chapter 14 Monetary Policy Communication: Frameworks and Market Impact

Chapter 14 Monetary Policy Communication: Frameworks and Market Impact »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

Bond markets are an important conduit of monetary policy signals to the economy. Reforms that improve the functioning of bond markets will hence facilitate macroeconomic management...

Chapter 15 Offshore Renminbi Dim Sum Bonds

Chapter 15 Offshore Renminbi Dim Sum Bonds »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

The market for dim sum bonds (bonds issued outside of China and denominated in Chinese renminbi) in Hong Kong SAR has expanded since 2011, underpinned by policies promoting external...

Chapter 9 Opening Up China’s Bond Market: Some Considerations

Chapter 9 Opening Up China’s Bond Market: Some Considerations »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

In 2016, the renminbi (RMB) was formally added to the basket of major currencies in the special drawing rights (SDR), the supplementary foreign exchange reserve assets defined and m...

Chapter 12 Patterns of Trading in China’s Bond Market

Chapter 12 Patterns of Trading in China’s Bond Market »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

Because of unusual structural features of China’s financial system, periods of tightening in monetary and funding conditions in China tend to be associated with declines in trading...

Chapter 3 Sovereign Bonds: What Does the Yield Curve Tell Us?

Chapter 3 Sovereign Bonds: What Does the Yield Curve Tell Us? »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

China’s sovereign bond market has ballooned in recent years into the world’s third largest after the United States and Japan. But concerns about limited liquidity, investor particip...

Chapter 10 Strengthening Financial Stability in China’s Bond Market

Chapter 10 Strengthening Financial Stability in China’s Bond Market »

Source: The Future of China's Bond Market

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2019

ISBN: 9781484372142

Keywords: bond market, interbank, implicit guarantee, People's Bank of China, renminbi

China has made good progress in developing its bond market, including streamlining the regulatory requirements for bond issuance, trading, and investment. Several reform initiatives...