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Measure and Evaluation of Financial Openness in China

Author

Listed:
  • Xiangsheng Dou

    (School of Economics and Management, Southwest Jiaotong University, P. R. China,)

  • Xiangsheng Dou

    (Center for International Economic Research, Southwest Jiaotong University, P. R. China.)

Abstract

The key to China's economic openness is financial opening. Therefore, the correct measurement of China's financial openness is important for reform and opening up and the formulation and implementation of associated policies in China. This paper develops the indexes of financial openness to measure and evaluate financial opening level in China with the data from 2007 to 2013. The research results indicate that China's financial openness has reached a certain level at the current stage. Especially, a few of financial sectors have reached a relatively high openness level. On the whole, financial openness in China is in the middle level compared with the rest of the BRIC countries. However, China's financial openness is relatively low compared with the developed countries such as the Europe and the United States, showing that the degree of financial openness in China has yet to be further improved and enhanced.

Suggested Citation

  • Xiangsheng Dou & Xiangsheng Dou, 2016. "Measure and Evaluation of Financial Openness in China," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 985-994.
    • Handle: RePEc:eco:journ1:2016-03-22
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    References listed on IDEAS

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    Cited by:

    1. Shimada, Junji & Tsukuda, Yoshihiko & Miyakoshi, Tatsuyoshi, 2021. "Who is the center of local currency Asian government bond markets?," Japan and the World Economy, Elsevier, vol. 59(C).

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    More about this item

    Keywords

    Financial Openness; Measure Indexes; Financial Market Openness; Capital and Financial Account Openness; Financial Service Trade Openness;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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