Can China Grow Faster? A Diagnosis of the Fragmentation of Its Domestic Capital Market

Can China Grow Faster? A Diagnosis of the Fragmentation of Its Domestic Capital Market
This paper examines possible segmentation of the internal capital market in China. We employ two standard tools from the international finance literature to analyze financial integration across Chinese provinces. Both tests confirm a similar (and somewhat surprising) picture: capital mobility within China is low! Furthermore, the degree of... READ MORE...

Publication date: May 2004
ISBN 9781451849905
$15.00

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