01766cas a2200253 a 4500 AALejournalIMF018789 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484377475 1018-5941 BD-DhAAL BD-DhAAL Cerutti, Eugenio. China's Bond Market and Global Financial Markets / Eugenio Cerutti, Maurice Obstfeld. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (17 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 A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening bond market regulations, but also further developing of other markets, notably the foreign exchange market. Even though the increased integration of China into international capital markets would increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China's size and especially under a well-articulated macroeconomic framework. Mode of access: Internet Obstfeld, Maurice. IMF Working Papers; Working Paper ; No. 2018/253 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/253/001.2018.issue-253-en.xml IMF e-Library