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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20901 |
来源ID | Working Paper 20901 |
An Evaluation of the Impact of the China (Shanghai) Pilot Free Trade Zone (SPFTZ) | |
Daqing Yao; John Whalley | |
发表日期 | 2015-02-02 |
出版年 | 2015 |
语种 | 英语 |
摘要 | In this paper we present evidence as to the effects of the China (Shanghai) Pilot Free Trade Zone (SPFTZ) on China’s capital controls. The start of the SPFTZ in September, 2013 was a trial to introduce a combination of exchange rate floating and capital account liberalization into China’s macro policy mix. We employ three methods to test the SPFTZ’s impact on capital controls: price spread tests between CNH and CNY, RMB yield gaps between onshore and offshore RMB markets, and Granger causalities among China’s money supply and the foreign interest rates. All these tests give consistent results suggesting that the impact of China’s capital controls is weaker since the SPFTZ. |
主题 | International Economics ; International Finance |
URL | https://www.nber.org/papers/w20901 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578575 |
推荐引用方式 GB/T 7714 | Daqing Yao,John Whalley. An Evaluation of the Impact of the China (Shanghai) Pilot Free Trade Zone (SPFTZ). 2015. |
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