Effects of China's Capital Controls on Individual Asset Categories

Shigeto Kitano and Yang Zhou

No DP2021-25, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

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)
Pages: 15 pages
Date: 2021-12, Revised 2022-05
New Economics Papers: this item is included in nep-cna, nep-mon and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2021-25.pdf Revised version, 2022 (application/pdf)

Related works:
Journal Article: 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:kob:dpaper:dp2021-25

Access Statistics for this paper

More papers in Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University 2-1 Rokkodai, Nada, Kobe 657-8501 JAPAN. Contact information at EDIRC.
Bibliographic data for series maintained by Office of Promoting Research Collaboration, Research Institute for Economics & Business Administration, Kobe University ().