Abstract
This paper will discuss some unfavorable restraint factors influencing Chinese capital account liberalization progress. It will employ theoretical and empirical method to analyze the restraints of foreign reserve increase, foreign exchange administrative regime, imperfect industrial structure and changeable monetary policy to this liberalization with data (1993-2010) and chart. Then, it suggests some basic principles of progressive liberalization, flexible deregulation and differential administration At last, suggestive proposals of controlling foreign reserve quantity, establishing a flexible and effective exchange rate regime, accelerating the reform of industrial structure and setting up an emergent adjustment mechanism will be given. The innovative part of this paper is the establishment of emergent foreign reserve pool.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Zhang, Q.: Study on International Capital Flow and Foex Control Policy in China. Zhejiang Finance 8, 5–7 (2008)
Zhang, Z.: Capital Account of Opening China—Development of Sequencing Theory and Its Enlightenment for China. International Economic Review 2(1), 5–15 (2003)
SAFE, http://www.safe.gov.cn
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Sun, H. (2011). Research on Chinese Capital Account Liberalization under Soft Constraints. In: Zhou, Q. (eds) Applied Economics, Business and Development. ISAEBD 2011. Communications in Computer and Information Science, vol 208. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23023-3_76
Download citation
DOI: https://doi.org/10.1007/978-3-642-23023-3_76
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-23022-6
Online ISBN: 978-3-642-23023-3
eBook Packages: Computer ScienceComputer Science (R0)