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1篇 您的检索式:作者名="ThomasRumbaugh"
    题名 作者 年代 出处 被引量
1Putting the Cart before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China显示文摘This paper reviews the issues involved in moving towards greater exchange rate flexibilityand capital account liberalization in China. A more flexible exchange rate regime wouldallow China to operate a more independent monetary policy, providing a useful bufferagainst domestic and external shocks. At the same time, weaknesses in China’s financialsystem suggest that capital account liberalization poses significant risks and should be alower priority in the short term. This paper concludes that greater exchange rate flexibilityis in China’s own interest and that, along with a more stable and robust financial system, itshould be regarded as a prerequisite for undertaking a substantial liberalization of thecapital account.EswarPrasad ThomasRumbaugh QingWang 2005China & World Economy2005,13,4:15
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