Analysis of Quantitative Relationships between Capital Account Liberation and Financial Instability

摘要：

Recently, many scholars pay their attention to the relationship between capital account liberation and financial instability. In this field, this paper reveals the b-effect in the methods of mathematical economics. We prove that higher financial instability is an inevitable price paid for faster growth if a country permits wider openness without strengthening financial sector substantially. Empirical studies support our theoretical predictions.

关键词： capital flows capital account liberation growth instability

作者: YING Yi-rong WANG Qin

作者单位: College of Economics, Shanghai University, Shanghai, 200444, China

会议类型: 国际会议

会议名称: The 4th (2012) International Conference on Financial Risk and Corporate Finance Management(第四届(2012)金融风险与公司金融国际研讨会 FRCFM)

会议地点: 大连

会议语种:英文

页码: 82-87

在线出版日期: 2012-07-07（万方平台首次上网日期，不代表论文的发表时间）