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This book analyzes segments of China's bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market.
Series: Occasional Papers
Author(s): Kenneth Rogoff , Eswar Prasad , Ayhan Kose , and Shang-Jin Wei
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 May 2004
Keywords: capital flows, financial integration, globalization, capital inflows, financial globalization, capital account liberalization, international financial, capital markets, international financial integration, international capital flows
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an appare...