سال انتشار:
2021
عنوان انگلیسی مقاله:
Optimal capital account liberalization in China
ترجمه فارسی عنوان مقاله:
آزاد سازی حساب سرمایه بهینه در چین
منبع:
ScienceDirect- Elsevier- Journal of Monetary Economics, 117 (2021) 1041-1061: doi:10:1016/j:jmoneco:2020:08:003
نویسنده:
Zheng Liu
چکیده انگلیسی:
China has maintained tight controls over its capital account. Domestic households are restricted from investing abroad
and foreign investors are restricted from accessing Chinese financial markets. Most of the formal restrictions on capital flows
1 These de jure capital account restrictions, however, do not fully capture China’s de facto capital account
are quantity-based.
regime. For example, Agarwal et al. (2019) show that the errors and omissions (E&O) in China’s balance of payments account
keywords: کنترل های سرمایه | سرکوب مالی | چین | توالی اصلاحات | اشتباهات | رفاه | Capital controls | Financial repression | China | Sequencing of reforms | Misallocations | Welfare
قیمت: رایگان
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