The Impact of Capital Account Liberalization on China's Short-Term International Capital Flows

被引:0
|
作者
Yu, Lijun [1 ]
机构
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China
关键词
Capital account liberalization; Short-term international capital flow (SCF); Impulse response; Variance decomposition;
D O I
暂无
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
Capital account liberalization promotes the free flow of capital in the global scope, so the resources can be effectively configured. However, the frequent movement of the short-term international capital brought by this kind of opening, also led to the outbreak of financial crisis. Therefore, the thesis aims to analyze the effect of capital account opening on short-term international capital flows. The results show that capital account liberalization has great influence on the direction and scale of the short-term international capital flows.
引用
收藏
页码:61 / 64
页数:4
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