The influence factors of short-term international capital flows in China—Based on state space model

DOI

10.2991/icssr-14.2014.133How to use a DOI?

Keywords

Short-term international capital flows, Appreciation expectations, State space model.

Abstract

Based on international short-term capital as the object, this paper analyzed the main factors which affect capital flows before and after the financial crisis, from the study, we found that: long-standing spreads and the RMB appreciation expectations are the main factors that lead to short-term capital inflows to our country in recent years. Although, the effect of expected factors is more obvious, the role of spreads at home and abroad is also strengthened at the same time, the influencing factors of short-term capital flows present obvious nonlinear relationship with short-term capital flows, so the traditional estimation method has shortcoming.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dong Yang
AU  - Dan Wang
PY  - 2014/06
DA  - 2014/06
TI  - The influence factors of short-term international capital flows in China—Based on state space model
BT  - Proceedings of the 3rd International Conference on Science and Social Research
PB  - Atlantis Press
SP  - 586
EP  - 591
SN  - 2352-5398
UR  - https://doi.org/10.2991/icssr-14.2014.133
DO  - 10.2991/icssr-14.2014.133
ID  - Yang2014/06
ER  -