The international financial integration of China and India (Английский)

Three main features characterize the international financial integration of China and India. First, while having a small global share of privately-held external assets and liabilities (with the exception of China's Foreign Direct Investment, or FDI liabilities), these countries are large holders of official reserves. Second, their international balance sheets are highly asymmetric: both are 'short equity, long debt.' Third, China and India have improved...
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