Mark began his career at the Alberta Petroleum Marketing Commission in Calgary, Alberta in 1982. He joined the Bank in 1989 as an economist in the Monetary and Financial Analysis Department. He moved to the International Economic Analysis Department in 1992, where he held a number of positions including Assistant Chief responsible for international financial policy and emerging market issues. He served as a Senior Advisor to the Canadian Executive Director at the International Monetary Fund from 2003 to 2006. From 2006 to 2013, Mark headed the Economic and Financial Section in the Canadian Embassy in Beijing. In September 2013, he returned to the Bank as a Director in the International Economic Analysis Department. Mark was born and raised in Montreal. He has a B.A. from Colby College and an M.A. from University of Toronto.
Chinese real export growth decelerated considerably during the last decade. This paper argues that the slowdown largely resulted from China moving to a more sophisticated mix of exports: China produced more sophisticated goods over which it had pricing power instead of producing greater volumes of less sophisticated products.
When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China’s capital account and the financial integration that will unfold will be viewed as a milestone of similar importance.
Given its size and importance for global commodity markets, the question of how fast the Chinese economy can grow over the medium term is an important one. This paper addresses this question by examining the evolution of the supply side of the Chinese economy over history and projecting how it will evolve over the next 15 years.
The Chinese housing market has grown rapidly following its liberalization in the 1990s, generating significant economic activity and demand for base metals. In this paper, we discuss the evolution of the Chinese housing market and quantify its importance for the overall Chinese economy and its linkages to base metal prices.
The International Monetary Fund (IMF, or the Fund) has undergone a number of significant policy changes and reforms in the wake of the global financial crisis. Most notably, in December 2015, the United States approved long-delayed legislation to increase the representation of developing countries in the Fund’s governance structure.
Capital Flows and Exchange Rates: A Canadian Perspective, in Monetary Policy and the Structure of the Capital Account, proceedings of the 13th Pacific Basin Central Bank Conference, Banco de Mexico, 1999.