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• W2557671569 startingPage "127" @default.
• W2557671569 abstract "While China’s economy has been subject to a wide range of economic reforms since 1978, its capital account is still restricted. The issue of capital account convertibility is widely debated both in China and by foreign observers. This study contributes to the understanding of China’s capital account by constructing new indices for China’s financial openness. First, we construct alternative indices, both of which suggest that China has experienced significant increases in its financial openness, albeit beginning at very low levels in the late 1970s. Then, we construct an index for financial openness at the provincial level from 2000. As expected, the eastern provinces exhibit much higher levels of financial openness than the provinces located in the central and western parts of the country. Taken together, these indices enable a clear overview of national and regional financial openness across time and are well suited for future studies on determinants and effects of financial openness in China." @default.
• W2557671569 created "2016-12-08" @default.
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• W2557671569 date "2016-11-28" @default.
• W2557671569 modified "2023-09-27" @default.
• W2557671569 title "National and regional financial openness in China" @default.
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• W2557671569 doi "https://doi.org/10.1080/14765284.2016.1261490" @default.
• W2557671569 hasPublicationYear "2016" @default.
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