Ouyang, Alice Y.; Rajan, Ramkishen S.; Willett, Thomas D. - In: Journal of International Money and Finance 29 (2010) 5, pp. 951-972
China has been stockpiling international reserves at an extremely rapid pace since the late 1990s and has surpassed Japan to become the largest reserve holder in the world. This paper undertakes an empirical investigation to assess the extent of de facto sterilization and capital mobility using...
