Bouvatier, Vincent - Maison des Sciences Économiques, Université Paris 1 … - 2006
This paper investigates hot money inflows in China. The financial liberalization comes into effect and the … effectiveness of capital controls tends to diminish over time. As a result, China is fuelled by hot money inflows. The US interest …. This study use the Bernanke and Blinder (1988) model extended to an open economy to examine implications of hot money …