Journal of East China Normal University (Philosophy and Social Sciences) ›› 2005, Vol. 37 ›› Issue (2): 87-94.doi: 10.16382/j.cnki.1000-5579.2005.02.014

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The Measure of Openness of China's Capital Account

Fa qin LAN   

  • Received:2004-10-12 Online:2005-03-25 Published:2005-02-25

Abstract:

Theoretically, there are two complementary measures of openness of capital account: restriction measure and openness measure. Based on a summing-up of several measures, this paper puts forward two feasible means to measure the openness of China's capital account, and further finds out that China's capital account is in the medium-open level.

Key words: openness of capital account, openness measure, restriction measure

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