International topics
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October 16, 2018
Keeping the financial system healthy
We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way. -
The Size and Destination of China’s Portfolio Outflows
The size of China’s financial system raises the possibility that the liberalization of its capital account could have a large effect on the global financial system. This paper provides a counterfactual scenario analysis that estimates what the size and direction of China’s overseas portfolio investments would have been in 2015 if China had had no restrictions on these outflows.