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Global Capital Flows and National Policy Choices
Discipline effect capital flows mood swings inflation deficit
2014/7/7
This paper studies whether changes in global financial environment have induced governments to pursue better policies (the “discipline effect”).The evidence indicates that financial globalization has ...
China is faced with three colossal tasks in the area of open macroeconomic reform: reform of exchange rate regime, capital movement liberalization and financial system reform. China is making preparat...