China’s International and Intranational Risk-sharing
Many economists argue that insufficient risk sharing in China is crucial in understanding many puzzling facts during China’s economic growth, such as its high saving rate, huge foreign exchange reserve and current account imbalance. Hence, understanding the source of incomplete consumption risk-sharing in China ...
https://iems.ust.hk/research/project/2014/xu-china-s-international-intranational-risk-sharing