Capital inflows must be better monitored: BoJ paper
Market infrastructure for monitoring and assessing capital inflows must be enhanced to deal with rising volume of flows, a Bank of Japan paper, published on Thursday, says.
Ichiro Otani, Tomoyuki Fukumoto and Yosuke Tsuyuguchi, the paper’s authors, review the evolution of capital controls during the past decade in China and estimate their strength and effectiveness in influencing capital flows.
The authors draw on the policy implications of capital flows on financial market reforms and find that
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