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Currency convertibility, cost of capital control and capital account liberalization in China

✍ Scribed by Robin Hang Luo; Chun Jiang


Publisher
Springer-Verlag
Year
2005
Tongue
English
Weight
125 KB
Volume
10
Category
Article
ISSN
1080-6954

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## Abstract For most of the post‐war period, Europe's capital markets remained largely closed to international capital flows. This paper explores the costs of this policy. Using an event‐study methodology, I examine the extent to which restrictions of current and capital account convertibility affe