Growing up an only child in China at the end of the 20th century, Associate Professor of Public Policy at Harvard Kennedy School and CID…
Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
The possibility that the renminbi may soon join the ranks of international currencies has
generated much excitement. This paper looks to…
China watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achieving a…
All of a sudden, the renminbi is being touted as the next big international currency. Just in the last year or two, the Chinese currency…
Just in the last year or two, the Chinese currency has begun to internationalize along a number of dimensions. A RMB bond market has grown…
Thanks to deft diplomatic footwork, a US-China confrontation over the renminbi has been avoided – or at least postponed. This is a very…
China's rapid economic growth and development is being accompanied by needed reforms in its emerging financial markets. The government's…