01788cas a2200253 a 4500 AALejournalIMF013863 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475532159 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Do Inflows or Outflows Dominate? : Global Implications of Capital Account Liberalization in China / Tamim Bayoumi, Franziska Ohnsorge. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in- and outflows, but the direction of net flows has depended on many factors. An econometric portfolio allocation model finds that capital controls significantly dampen cross-border portfolio asset holdings. The model also suggests that capital account liberalization in China may trigger net portfolio outflows as large domestic savings seek to diversify abroad. Mode of access: Internet Ohnsorge, Franziska. IMF Working Papers; Working Paper ; No. 2013/189 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/189/001.2013.issue-189-en.xml IMF e-Library