Banque de France economist Gong Cheng will give a talk titled "A Growth Perspective on Foreign Reserve Accumulation" on Wednesday, March 20, at 1:30 p.m. in 7324 Sewell Social Sciences.
He will argue that foreign reserve accumulation, in a country such as China, is a consequence of a growth strategy induced by strong capital investment in a financially constrained economy.
Cheng's work in international macroeconomics emphasizes emerging market economies. At the Banque de France, he works on issues related to the G-20 and international liquidity issues. The La Follette School and the Economics Department are sponsoring his talk.