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Can China become the engine for world economic growth?

Hans Timmer's picture

Let me admit my transgression upfront: I stole the catchy title from a blog post that David Dollar wrote almost a year ago. David was then the World Bank’s country director for China and Mongolia. It was in fact the title of a conference he had just attended.

I had to think about this question again when we looked this week at high-frequency data (see graph below).

Why We Should Favor (Slightly) Less Efficient Financial Markets

Jamus Lim's picture

Lost in many of the post-crisis financial reform proposals to rein in destructive financial innovation---such as calls to ban naked CDS, establish centralized clearinghouses for derivatives, and eliminate high-frequency trading---is the broader issue of whether these innovations could actually enhance welfa