Title

Capital Flows, Overheating, and the Nominal Exchange Rate Regime in China

Fred Hu

Capital Flows, Overheating, and the Nominal Exchange Rate Regime in China

The evidence of “hot money” clearly shows that China’s cumbersome system of capital controls is not as effective as officials claim. There is no doubt that the greater openness of China’s economy will certainly generate growing tensions with the country’s closed capital account. China must put in...
Topics: 
Economy
Keywords: 
Economy, Fiscal Policy