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Currency Carry Trade by Trucks: The Curious Case of China‘s Massive Imports from Itself
Xuepeng Liu, Heiwai Tang, Zhi Wang & Shang-Jin Wei 2022-01-14
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.”
이전글 | 중국 보험회사의 실버타운 사업 진출 현황과 특징 | 2022-01-14 |
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다음글 | 地方政府隐性债务与城投债定价 | 2022-01-14 |