Do Inflows or Outflows Dominate?: Global Implications of Capital Account Liberalization in China
This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in- and o...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/189 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in- and outflows, but the direction of net flows has depended on many factors. An econometric portfolio allocation model finds that capital controls significantly dampen cross-border portfolio asset holdings. The model also suggests that capital account liberalization in China may trigger net portfolio outflows as large domestic savings seek to diversify abroad |
Beschreibung: | 1 Online-Ressource (32 p) |
ISBN: | 1475532156 9781475532159 |
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spelling | Bayoumi, Tamim Verfasser aut Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China Bayoumi, Tamim Washington, D.C International Monetary Fund 2013 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/189 This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in- and outflows, but the direction of net flows has depended on many factors. An econometric portfolio allocation model finds that capital controls significantly dampen cross-border portfolio asset holdings. The model also suggests that capital account liberalization in China may trigger net portfolio outflows as large domestic savings seek to diversify abroad Online-Ausg Ohnsorge, Franziska Sonstige oth http://elibrary.imf.org/view/IMF001/20775-9781475532159/20775-9781475532159/20775-9781475532159.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Bayoumi, Tamim Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China |
title | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China |
title_auth | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China |
title_exact_search | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China |
title_exact_search_txtP | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China |
title_full | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China Bayoumi, Tamim |
title_fullStr | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China Bayoumi, Tamim |
title_full_unstemmed | Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China Bayoumi, Tamim |
title_short | Do Inflows or Outflows Dominate? |
title_sort | do inflows or outflows dominate global implications of capital account liberalization in china |
title_sub | Global Implications of Capital Account Liberalization in China |
url | http://elibrary.imf.org/view/IMF001/20775-9781475532159/20775-9781475532159/20775-9781475532159.xml |
work_keys_str_mv | AT bayoumitamim doinflowsoroutflowsdominateglobalimplicationsofcapitalaccountliberalizationinchina AT ohnsorgefranziska doinflowsoroutflowsdominateglobalimplicationsofcapitalaccountliberalizationinchina |