Effects of China’s capital controls on individual asset categories

Shigeto Kitano and Yang Zhou

Finance Research Letters, 2022, vol. 49, issue C

Abstract: We empirically assess the effects of China’s capital controls on individual asset categories by using the local projection method. Our results show stark differences among individual asset categories. Capital controls on equity and financial credits affect the corresponding net inflows significantly, whereas those on the other three asset categories (bonds, commercial credits, and direct investment) do not.

Keywords: Capital controls; China; Local projection (search for similar items in EconPapers)
JEL-codes: F32 F38 G15 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612322002707
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Effects of China's Capital Controls on Individual Asset Categories (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:49:y:2022:i:c:s1544612322002707

DOI: 10.1016/j.frl.2022.103032

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().