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Does Capital Account Liberalization Affect the Financial Stability: Evidence from China

Author

Listed:
  • Yuanyuan Shen
  • Lu Yang

    (School of Finance, Zhongnan Univerisity of Econoics and Law, China)

Abstract

This paper seeks to investigate the relationship between capital account liberalization and the financial stability in China. Furthermore, The Finite Distributed Lag Model is employed to quantify relationship between capital account liberalization and monetary crisis. And a general conclusion can be drawn that capital account liberalization is harmful to the stability official market in one year period, while the overall capital account liberalization effect can facilitate China’s financial stability in a long run. Moreover, some suggestions are provided on China's capital account liberalization policies.

Suggested Citation

  • Yuanyuan Shen & Lu Yang, 2015. "Does Capital Account Liberalization Affect the Financial Stability: Evidence from China," Journal of Reviews on Global Economics, Lifescience Global, vol. 4, pages 152-158.
    • Handle: RePEc:lif:jrgelg:v:4:y:2015:p:152-158
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    File URL: http://www.lifescienceglobal.com/independent-journals/journal-of-reviews-on-global-economics/volume-4/85-abstract/jrge/1808-abstract-does-capital-account-liberalization-affect-the-financial-stability-evidence-from-china
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    Cited by:

    1. Shivangi JAISWAL & Dr. N. KUBENDRAN, 2021. "Capital account liberalisation in India: Volatility of capital flows and selective policy issues," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(626), S), pages 201-218, Spring.

    More about this item

    Keywords

    Capital account liberalization; Financial risk; Financial stability; Finite Distributed Lag Model.;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G2 - Financial Economics - - Financial Institutions and Services

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