IDEAS home Printed from https://ideas.repec.org/a/cai/refaef/ecofi_102_0029.html
   My bibliography  Save this article

Le triangle d'impossibilité et la Chine

Author

Listed:
  • Patrick Artus

Abstract

It seems that China is trying to reach simultaneously the three objectives of Mundell?s triangle of impossibility: free-moving capital, fixed exchange rate and autonomy in monetary policy. But, even if international capital flows are controlled, they remain nonetheless very important. In order to reach the three objectives, China has to get round the triangle by accumulating huge foreign exchange reserves and by controlling credit with quantitative measures that lead to distortions between the market interest rates and the regulated interest rates. Classification JEL: E5, F31, F32, O53.

Suggested Citation

  • Patrick Artus, 2011. "Le triangle d'impossibilité et la Chine," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 29-42.
    • Handle: RePEc:cai:refaef:ecofi_102_0029
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_102_0029
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-financiere-2011-2-page-29.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:refaef:ecofi_102_0029. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-financiere.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.