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Will the AIIB one day matter? | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/2015/04/will-the-aiib-one-day-matter
Will the AIIB one day matter? 8211; Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. Will the AIIB one day matter? April 11, 2015. When Isaac, an editor at. In the case of the AIIB I assume that readers of my blog are quite familiar with these assumptions, but on March 16 Singapore-based academic Kishore Mahbubani published an article. That Asia needs to spend at least $8 trillion in infrastructure investment. The American-dominated World Bank and related institutio...
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When do we decide that Europe must restructure much of its debt? | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/2015/02/when-do-we-decide-that-europe-must-restructure-much-of-its-debt
When do we decide that Europe must restructure much of its debt? 8211; Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. When do we decide that Europe must restructure much of its debt? February 25, 2015. When people talk about the fragility of the euro and the increasing fragility of the euro, and perhaps the crisis of the euro, very often non-euro area member states or leaders, underestimate the amount of political capital that is being invested in the euro. And so...
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Bad debt cannot simply be “socialized” | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/2014/07/bad-debt-cannot-simply-be-socialized
Bad debt cannot simply be socialized – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. Bad debt cannot simply be socialized. July 14, 2014. This means that in China, if you can figure out how the growth model works and how the model generates imbalances and debt, you can pretty much figure out logically, albeit fairly broadly, the various paths that the country must follow in order the reverse the imbalances. I tried to this in my most recent book. I think a similar mi...
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Articles | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/articles
Articles – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. Here are a selection of articles that prof. Pettis recommends as ‘further reading’…. August 9, 2013 at 6:33 pm. Thanks for the article…. August 9, 2013 at 7:03 pm. Sorry for the misspelling…. August 12, 2013 at 10:44 am. September 4, 2013 at 4:55 pm. 8211; The majority of decisions made by the Central Committee over the last 15 years have been beneficial to economic growth. However many of the decisions wer...
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Market structure | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/category/market-structure
Market structure – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. If we don’t understand both sides of China’s balance sheet, we understand neither. September 1, 2015. With so much happening in China in the past month it seems that there are a number of very specific topics that any essay on China should focus. I worry, however, that we get so caught up staring at strange clumps of trees that we risk losing sight of the forest. What happened in July […]. July 31, 2015.
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China’s stock markets and revisiting 2011 predictions | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/2015/07/chinas-stock-markets-and-revisiting-2011-predictions
China’s stock markets and revisiting 2011 predictions – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. China’s stock markets and revisiting 2011 predictions. July 31, 2015. There is nothing less ambiguous than actually buying or selling large amounts of shares. In a July 8 message to my clients, I argued that. What worries me most is that many of the measures employed by the regulators to halt the panic are unorthodox enough, to put it mildly, that they can introduce ...
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Global trade | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/category/global-trade
Global trade – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. The titillating and terrifying collapse of the dollar. Again. May 8, 2016. Internal and external balance. June 9, 2015. How might a China slowdown affect the world? December 2, 2014. Two years ago it was hard to find analysts who expected average GDP growth over the rest of this decade to be less than 8%. The current consensus seems to have dropped to between 6% and 7% on average. I don’t think Beij...This ...
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Infrastructure | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/category/infrastructure
Infrastructure – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. Will the AIIB one day matter? April 11, 2015. When Isaac, an editor at Foreign Policy, sent me an email two weeks ago asking if I could write a piece on the new Asian Infrastructure Investment Bank (AIIB), I quickly wrote back promising 1,200 words within a few days. I thought it would be pretty easy to come up with the points I wanted […]. Should Beijing raise subway fares? October 30, 2014. Enter your e...
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Income inequality | Michael Pettis' CHINA FINANCIAL MARKETS
http://blog.mpettis.com/category/income-inequality
Income inequality – Michael Pettis' CHINA FINANCIAL MARKETS. Global imbalances and the Chinese economy. Internal and external balance. June 9, 2015. I was recently asked by an Australian economics journal to write a review of a book I had already read, The Leaderless Economy, by Peter Temin and David Vines (published in 2013). Because the book is a great place from which to start a discussion on the links within the global economy, I decided to base […]. Can monetary policy turn Argentina into Japan?
