The Impact of Financial Services Trade Liberalization on China
AbstractThis paper shows that financial services trade liberalization in China has set impetus for accelerated domestic financial liberalization. Foreign banks, though still relatively small in size, have already exerted considerable influence on China's capital flows. Empirical findings from a gravity model analysis indicate that financial services trade liberalization under the WTO promotes bank loans to developing economies strongly though not evenly conditional on country characteristics.
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Bibliographic InfoPaper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 05024.
Length: 33 pages
Date of creation: Sep 2005
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-04 (All new papers)
- NEP-FMK-2005-10-04 (Financial Markets)
- NEP-INT-2005-10-04 (International Trade)
- NEP-SEA-2005-10-04 (South East Asia)
- NEP-TRA-2005-10-04 (Transition Economics)
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