China's capital account liberalisation: international perspective

Bank for International Settlements

No 15 in BIS Papers from Bank for International Settlements

Abstract: Abstract: This volume collects the papers presented at the joint BIS/SAFE seminar on Capital account liberalisation in China: international perspectives, held on 12-13 September 2002 in Beijing, China. Seminar participants from outside China were mostly experienced practitioners and policymakers from 13 economies across four continents. Chinese participants consisted mainly of staff from the State Administration of Foreign Exchange, the People's Bank of China and the Chinese Academy of Social Sciences. The main aim of the seminar was to draw on the diverse international experiences in managing cross-border capital flows and to shed light on how China should proceed to implement capital account liberalisation in the years ahead, following its recent historic entry into the WTO. The present collection includes 16 seminar papers, which are organised under the following six topics: Overview Japanese experience Bank-related capital flows Corporate and non-bank flows Equity portfolio flows Offshore banknote flows Our introduction should be read in close conjunction with the welcome speech by SAFE Deputy Director General Ma Delun and with the SAFE summary chapter by Wang Yungui and Xie Yuelan, which follow immediately.

Date: 2003 Written 2003-04
ISBN: 92-9131-645-8
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://www.bis.org/publ/bppdf/bispap15.pdf Full PDF document (application/pdf)
http://www.bis.org/publ/bppdf/bispap15.htm (text/html)

Chapters in this book:

Introduction , pp 1-6

Guonan Ma and Robert McCauley

Summary , pp 7-11

Wang Yungui and Xie Yuelan

Welcome speech: gradually and steadily promoting China’s capital account liberalisation , pp 12-13

Ma Delun

Capital account liberalisation in China: international perspectives , pp 14-18

André Icard

Capital account management and its outlook in China , pp 19-24

Zhang Xiaopu

Opening China’s capital account amid ample dollar liquidity , pp 25-34

Guonan Ma and Robert McCauley

Capital account liberalisation: the Japanese experience and implications for China , pp 35-57

Mitsuhiro Fukao

Several observations on capital flows in Japan , pp 58-61

Richard Koo

The experience of Italian banks: from strict controls to full liberalisation , pp 62-74

Antonello Biagioli

Liberalising the capital account without losing balance: lessons from Korea , pp 75-92

Yoon Je Cho and Robert McCauley

Singapore’s policy of non-internationalisation of the Singapore dollar and the Asian dollar market , pp 93-98

Ong Chong Tee

France’s experience of exchange controls and liberalisation , pp 99-103

Françoise Drumetz

Global integration and capital account liberalisation in South Africa , pp 104-116

James H Cross

Liberalisation and management of the private non-bank corporate capital account: the Philippine experience , pp 117-122

Celia M Gonzalez

Operationalising capital account liberalisation: the Indian experience , pp 123-140

Gopalaraman Padmanabhan

An overview of the Taiwanese qualified foreign institutional investor system , pp 141-151

Karen Lu

The Federal Reserve Bank of New York’s experience of managing cross-border migration of US dollar banknotes , pp 152-162

Joseph Botta

Experience of cross-border movements of Deutsche mark banknotes , pp 163-165

Stefan Hardt

Offshore use of currency: Hong Kong’s experience , pp 166-177

Wensheng Peng and Joanna Y L Shi

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