Comparative Study of Balance of Payments Crisis

Author: Fang Wen
Publisher:
Publish Date: 2003-07-01
Features: Since the 1990s, balance of payments crises have intensified, but research on these crises has far failed to meet the needs of real economic development. This book adopts a comparative perspective, focusing on three crises in the 1990s, and conducts multi-level, extensive, and in-depth comparisons on the causes of balance of payments crises, transmission channels, macroeconomic impacts, crisis management policies, and crisis leading indicators. It analyzes both the general and the specific, drawing conclusions of theoretical and practical value. Based on a thorough summary of the lessons learned from crisis-affected countries, and in light of China's specific circumstances, the author attempts to propose a framework for establishing China's balance of payments early warning system, which holds certain reference value for China in preventing future balance of payments crises.