Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 23 January 2020

Abstract and Keywords

This chapter examines the financial linkages between China and the rest of East Asia in the context of China’s possible financial liberalization and internationalization of its currency. It provides new empirical evidence on short-run and long-run linkages between China and East Asia for exchange rates, interest rates, and equity markets and discusses the divergence of asset return behavior between China and several Asian Pacific economies. It also considers the policy challenges faced by China in deciding how to sequence capital-account opening and currency internationalization with other policies such as financial market development.

Keywords: financial linkages, China, East Asia, financial liberalization, internationalization of currency, exchange rates, interest rates, equity markets, asset return behavior, capital-account opening

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.