| Putting the Cart before the Horse？ Capital Account Liberalization and Exchange Rate Flexibility in China |
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| 作者姓名： | Eswar Prasad Thomas Rumbaugh |
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| 作者单位： | former Chief of the IMF’s China division，the Chief of the Financial Studiesdivision in the Research Department.，an Advisor in the IMF’s Asia Pacific Department，and was Deputy Chief of its China Division when this paper waswritten. |
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| 摘 要： | I. Introduction and OverviewLike their counterparts in many other emerging market economies, Chinese policymakersare facing a complex set of questions related to the desirability and appropriate mode ofimplementing exchange rate flexibility and capital account liberalization. The Chineseauthorities have stated publicly that both exchange rate flexibility and capital accountconvertibility are their medium-term objectives, but they have resisted recent calls from theinternational community for …
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| 关 键 词： | 中国 货币政策 汇率制度 外商直接投资 |
Putting the Cart before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China |
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| Eswar Prasad,Thomas Rumbaugh.Putting the Cart before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China[J].China & World Economy,2005,13(4):3-20. |
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| Authors: | EswarPrasad ThomasRumbaugh QingWang |
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| Abstract: | |
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| Keywords: | capital controls exchange rate regime financial sector reforms |
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