289
Views
4
CrossRef citations to date
0
Altmetric
Articles

National and regional financial openness in China

, &
Pages 127-140 | Received 20 Aug 2016, Accepted 03 Nov 2016, Published online: 28 Nov 2016

References

  • Bekaert, G., C. R. Harvey, and C. Lundblad. 2005. “Does Financial Liberalization Spur Growth?” Journal of Financial Economics 77: 3–55.10.1016/j.jfineco.2004.05.007
  • Binici, M., M. Hutchison, and M. Schindler. 2010. “Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows.” Journal of International Money and Finance 29: 666–684.10.1016/j.jimonfin.2010.01.001
  • Calvo, G. A., and E. G. Mendoza. 1996. “Mexico’s Balance-of-Payments Crisis: A Chronicle of a Death Foretold.” Journal of International Economics 41: 235–264.10.1016/S0022-1996(96)01436-5
  • Caprio, G., and D. Klingebiel. 1996. “Bank Insolvency: Cross-country Experiences.” World Bank Working Paper No. 1620.
  • Càrdenas, M., and F. Barrera. 1997. “On the Effectiveness of Capital Controls: The Experience of Colombia during the 1990s.” Journal of Development Economics 54: 27–57.10.1016/S0304-3878(97)00028-X
  • Cardoso, E., and I. Goldfajn. 1998. “Capital Flows to Brazil: The Endogeneity of Capital Controls.” IMF Staff Papers 45: 161–202.10.2307/3867333
  • Chang, R., and A. Velasco. 1998. “Financial Crises in Emerging Markets: A Canonical Model.” NBER Working Paper No. 6606.
  • Chinn, M. D., and H. Ito. 2006. “What Matters for Financial Development? Capital Controls, Institutions, and Interactions.” Journal of Development Economics 81: 163–192.10.1016/j.jdeveco.2005.05.010
  • Chinn, M. D., and H. Ito. 2008. “Global Current Account Imbalances: American Fiscal Policy versus East Asian Savings.” Review of International Economics 16: 479–498.10.1111/roie.2008.16.issue-3
  • Corsetti, G., P. Pesenti, and N. Roubini. 1999. “What Caused the Asian Currency and Financial Crisis?” Japan and the World Economy 11: 305–373.10.1016/S0922-1425(99)00019-5
  • Daniel, B. C., and J. B. Jones. 2007. “Financial Liberalization and Banking Crises in Emerging Economies.” Journal of International Economics 72: 202–221.10.1016/j.jinteco.2006.07.009
  • De Gregorio, J., S. Edwards, and R. Valdés. 2000. “Controls on Capital Inflows: Do They Work?” Journal of Development Economics 63: 59–83.10.1016/S0304-3878(00)00100-0
  • Demirguc-Kunt, A., and E. Detragiache. 1998. “Financial Liberalization and Financial Fragility.” IMF Working Paper No. 98/83.
  • Demirguc-Kunt, A., and E. Detragiache. 2001. “Financial Liberalization and Financial Fragility.” In Financial Liberalization. How Far, How Fast?, edited by G. Caprio, P. Honohan, and J. Stiglitz, 96–124. Cambridge: Cambridge University Press.
  • Desai, M. A., C. F. Foley, and J. R. Hines. 2006. “Capital Controls, Liberalizations, and Foreign Direct Investment.” Review of Financial Studies 19: 1433–1464.10.1093/rfs/hhj041
  • Diaz-Alejandro, C. 1985. “Good-bye Financial Repression, Hello Financial Crash.” Journal of Development Economics 19: 1–24.10.1016/0304-3878(85)90036-7
  • Dooley, M. P., D. J. Mathieson, and L. Rojas-Suarez. 1997. “Capital Mobility and Exchange Market Intervention in Developing Countries.” NBER Working Paper No. 6247.
  • Dornbusch, R., I. Goldfajn, R. O. Valdés, S. Edwards, and M. Bruno. 1995. “Currency Crises and Collapses.” Brookings Papers on Economic Activity 1995: 219–293.10.2307/2534613
  • Edison, H. J., M. W. Klein, L. Ricci, and T. Sløk. 2004. “Capital Account Liberalization and Economic Performance: Survey and Synthesis.” International Monetary Staff Paper No. 02/120.
  • Edwards, S. 2005. “Capital Controls, Sudden Stops, and Current Account Reversals.” NBER Working Paper No. 11170.10.3386/w11170
  • Eichengreen, B. J. 2001. “Capital Account Liberalization: What Do Cross-country Studies Tell Us?” The World Bank Economic Review 15: 341–365.10.1093/wber/15.3.341
  • Eichengreen, B., M. Mussa, G. Dell’Ariccia, E. Detragiache, G. Milesi-Ferretti, and A. Tweedie. 1998. “Capital Account Liberalization: Theoretical and Practical Aspects.” IMF Occasional Paper No. 172.10.5089/9781557757340.084
  • Epstein, G. A., and J. B. Schor. 1992. “Structural Determinants and Economic Effects of Capital Controls.” In Financial Openness and National Autonomy, edited by T. Banuri and J. B. Schor, 136–162. Oxford: Clarendon.
  • Feldstein, M., and C. Horioka. 1980. “Domestic Saving and International Capital Flows.” The Economic Journal 90: 314–329.10.2307/2231790
  • Furman, J., and J. Stiglitz. 1998. “Economic Crises: Evidence and Insights from East Asia.” Brookings Papers on Economic Activity 1998: 1–136.10.2307/2534693
  • Gourinchas, P. O., and O. Jeanne. 2006. “The Elusive Gains from International Financial Integration.” Review of Economic Studies 73: 715–741.10.1111/roes.2006.73.issue-3
  • Gruben, W., J. Koo, and R. Moore. 2003. “Financial Liberalization, Market Discipline and Bank Risk.” CLAE Working Paper No. 0303.
  • Huang, Y., and X. Wang. 2011. “Does Financial Repression Inhibit or Facilitate Economic Growth? A Case Study of Chinese Reform Experience.” Oxford Bulletin of Economics and Statistics 73: 833–855.10.1111/obes.2011.73.issue-6
  • Jin, L. 2004. “Intensity of Capital Controls in China.” Journal of Financial Research 12: 9–23.
  • Jonung, L. 2008. “Lessons from Financial Liberalisation in Scandinavia.” Comparative Economic Studies 50: 564–598.10.1057/ces.2008.34
  • Kaminsky, G., and C. Reinhart. 1999. “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems.” American Economic Review 89: 473–500.10.1257/aer.89.3.473
  • Klein, M. W., and G. P. Olivei. 2008. “Capital Account Liberalization, Financial Depth, and Economic Growth.” Journal of International Money and Finance 27: 861–875.10.1016/j.jimonfin.2008.05.002
  • Kose, M. A., E. Prasad, K. Rogoff, and S.-J. Wei. 2009. “Financial Globalization: A Reappraisal.” IMF Staff Papers 56: 8–62.10.1057/imfsp.2008.36
  • Lane, P. R., and G. M. Milesi-Ferretti. 2001. “The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries.” Journal of International Economics 55: 263–294.10.1016/S0022-1996(01)00102-7
  • Lane, P. R., and G. M. Milesi-Ferretti. 2003. “International Financial Integration.” IMF Staff Papers 50: 82–113.
  • Lane, P. R., and G. M. Milesi-Ferretti. 2007. “The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004.” Journal of International Economics 73: 223–250.10.1016/j.jinteco.2007.02.003
  • Makin, A. J. 1994. International Capital Mobility and External Account Determination. New York: St Martin’s Press.10.1057/9780230379091
  • McKibbin, W. J., and K. K Tang. 2000. “Trade and Financial Reform in China: Impacts on the World Economy.” The World Economy 23: 979–1003.10.1111/twec.2000.23.issue-8
  • Mckinnon, R. I., and H. Pill. 1996. “Credible Liberalizations and International Capital Flows: The Overborrowing Syndrome.” In Financial Deregulation and Integration in East Asia, edited by T. Ito and A. O. Krueger, 7–42. Chicago, IL: Chicago University.
  • Montiel, P., and C. M. Reinhart. 1999. “Do Capital Controls and Macroeconomic Policies Influence the Volume and Composition of Capital Flows? Evidence from the 1990s.” Journal of International Money and Finance 18: 619–635.10.1016/S0261-5606(99)00021-2
  • Quinn, D. 1997. “The Correlates of Change in International Financial Regulation.” American Political Science Review 91: 531–551.10.2307/2952073
  • Quinn, D. P., and A. M. Maria Toyoda. 2008. “Does Capital Account Liberalization Lead to Growth?” Review of Financial Studies 21: 1403–1449.10.1093/rfs/hhn034
  • Ranciere, R., A. Tornell, and F. Westermann. 2006. “Decomposing the Effects of Financial Liberalization: Crises vs. Growth.” Journal of Banking and Finance 30: 3331–3348.10.1016/j.jbankfin.2006.05.019
  • Sachs, J. D., A. Tornell, A. Velasco, G. A. Calvo, and R. N. Cooper. 1996. “Financial Crises in Emerging Markets: The Lessons from 1995.” Brookings Papers on Economic Activity 1996: 147–215.10.2307/2534648
  • Stiglitz, J. E. 2003. Globalization and Its Discontents. New York: W.W. Norton.
  • Velasco, A. 1987. “Financial Crises and Balance of Payments Crises.” Journal of Development Economics 27: 263–283.10.1016/0304-3878(87)90018-6
  • Xiao, F., and D. Kimball. 2005. “Effectiveness and Effects of China’s Capital Controls.” China and World Economy 13: 58–69.
  • Yeyati, E. L., S. L. Schmukler, and N. Van Horen. 2009. “International Financial Integration through the Law of One Price: The Role of Liquidity and Capital Controls.” Journal of Financial Intermediation 18: 432–463.10.1016/j.jfi.2008.09.004

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.