1 option
Currency Carry Trade by Trucks: The Curious Case of China's Massive Imports from Itself / Xuepeng Liu, Heiwai Tang, Zhi Wang, Shang-Jin Wei.
- Format:
- Book
- Author/Creator:
- Liu, Xuepeng.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29633.
- NBER working paper series no. w29633
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- With capital controls, the standard financial market transactions needed for currency carry trade are hard to implement. Using detailed trade data reported by both the mainland Chinese and Hong Kong's governments, we present evidence that indirect currency carry trade likely takes place via round-trip reimports. We also show that greater state control in terms of more state-owned firms does not reduce such "carry trade by trucks."
- Notes:
- Print version record
- January 2022.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.