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2008•Journal of Guangxi University of Finance and EconomicsRequires access

On RMB Capital Account Liberalization

Chen Ting-xi

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Abstract

Reviewing the process of free convertibility of RMB,it's deemed that China's capital account and current account chose a cooperative way of liberalization.Based on the analyses of the inevitability of opening up capital account, through Interest Rate Model,it's concluded that the degree of liberalization of RMB capital account was 0.36 from 2001 to 2006.According to international experience,the openness of China's capital account is still at low level,it is too early to announce RMB capital account liberalization.

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Reviewing the process of free convertibility of RMB,it's deemed that China's capital account and current account chose a cooperative way of liberalization.Based on the analyses of the inevitability of opening up capital account, through Interest Rate Model,it's concluded that the degree of liberalization of RMB capital account was 0.36 from 2001 to 2006.According to international experience,the openness of China's capital account is still at low level,it is too early to announce RMB capital account liberalization.

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Available abstract

Reviewing the process of free convertibility of RMB,it's deemed that China's capital account and current account chose a cooperative way of liberalization.Based on the analyses of the inevitability of opening up capital account, through Interest Rate Model,it's concluded that the degree of liberalization of RMB capital account was 0.36 from 2001 to 2006.According to international experience,the openness of China's capital account is still at low level,it is too early to announce RMB capital account liberalization.

Key concepts: Capital account, Renminbi, Convertibility, Liberalization, Economics, Capital (architecture), Openness to experience, International economics

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