The Structural Transformation of the External Flow of Funds Between the U.S. And China

Nan Zhang ()
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Nan Zhang: Hiroshima Shudo University

Chapter Chapter 4 in Flow of Funds Analysis, 2020, pp 137-170 from Springer

Abstract: Abstract This chapter explores the concept of the External Flow of Funds (EFF) and examines the structural transformation and risk posed by changes in the EFF between the U.S. and China. The U.S.’s double-deficit and China’s twin-surplus in the balance of payments, and the risk of China’s huge foreign reserves are statistically analyzed through three lenses: savings and investment, international trade, and international capital flows. Finally, this paper proposes economic policy changes to mirror the structural adjustment required for China’s economic development.

Keywords: Mirror image; Current balance; External flow of funds; Global imbalance; Capital gains; Financial risk (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-7720-8_4

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DOI: 10.1007/978-981-15-7720-8_4

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