China | It’s not time to relieve yet: updating projections of China’s foreign reserves
Publicada el martes, 22 de marzo de 2016 | Actualizada el domingo, 13 de mayo de 2018
China | It’s not time to relieve yet: updating projections of China’s foreign reserves
Resumen
By use of a new method we find portfolio outflows are still the dominant driver behind the fast depletion of foreign reserves last year. Local factors, including foreign debt repayment, RMB cross-border flows, and increase in domestic FX deposit holding, also contribute. Policymakers need to strengthen capital account restrictions and enact macro-prudential measures.
Temáticas
- Etiquetas de Temática
- Análisis Regional China
- Análisis Macroeconómico
Autores
Jinyue Dong
BBVA Research - Economista Senior
Le Xia
BBVA Research - Economista Jefe
Documentos y archivos
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