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
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
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https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2021-25.pdf Revised version, 2022 (application/pdf)
Journal Article: Effects of China’s capital controls on individual asset categories (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:kob:dpaper:dp2021-25
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