Publication:
The International Financial Integration of China and India

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dc.contributor.authorLane, Philip R.
dc.contributor.authorSchmukler, Sergio L.
dc.date.accessioned2012-06-05T19:47:44Z
dc.date.available2012-06-05T19:47:44Z
dc.date.issued2007-02
dc.description.abstractThree main features characterize the international financial integration of China and India. First, while only having a small global share of privately-held external assets and liabilities (with the exception of China's foreign direct investment liabilities), these countries are large holders of official reserves. Second, their international balance sheets are highly asymmetric: both are "short equity, long debt." Third, China and India have improved their net external positions over the past decade although, based on their income level, neoclassical models would predict them to be net borrowers. Domestic financial developments and policies seem essential in understanding these patterns of integration. These include financial liberalization and exchange rate policies, domestic financial sector policies, and the impact of financial reform on savings and investment rates. Changes in these factors will affect the international financial integration of China and India (through shifts in capital flows and asset and liability holdings) and, consequently, the international financial system.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/02/7367719/international-financial-integration-china-india
dc.identifier.doi10.1596/1813-9450-4132
dc.identifier.urihttps://hdl.handle.net/10986/7168
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4132
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectASSETS
dc.subjectAUTONOMOUS MONETARY POLICY
dc.subjectAUTONOMY
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK LOANS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBENCHMARK
dc.subjectBONDS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNT LIBERALIZATION
dc.subjectCAPITAL ACCOUNT RESTRICTIONS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITALIZATION
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCOMMODITY PRICES
dc.subjectCOMPOSITION OF CAPITAL INFLOWS
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER DURABLES
dc.subjectCORPORATE GOVERNANCE
dc.subjectCURRENCY APPRECIATION
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT CRISIS
dc.subjectDEBT FLOWS
dc.subjectDEFICITS
dc.subjectDEPOSITS
dc.subjectDIVIDEND POLICY
dc.subjectDIVIDENDS
dc.subjectDOLLAR DEPOSITS
dc.subjectDOMESTIC BANKING SECTOR
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC BOND MARKET
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CAPITAL MARKETS
dc.subjectDOMESTIC FINANCIAL INTERMEDIATION
dc.subjectDOMESTIC FINANCIAL MARKET
dc.subjectDOMESTIC FINANCIAL MARKETS
dc.subjectDOMESTIC FINANCIAL SECTOR
dc.subjectDOMESTIC FINANCIAL SYSTEM
dc.subjectDOMESTIC FINANCIAL SYSTEMS
dc.subjectDOMESTIC RESIDENTS
dc.subjectDOMESTIC SAVINGS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RELATIONS
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMPLOYMENT
dc.subjectEQUITY INFLOWS
dc.subjectEQUITY MARKET
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCHANGE RATES
dc.subjectEXPORTS
dc.subjectEXTERNAL ASSETS
dc.subjectEXTERNAL CAPITAL
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL POSITION
dc.subjectEXTERNAL POSITIONS
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL MARKET DEVELOPMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REFORM
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED ASSET
dc.subjectFLOW OF CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN PORTFOLIO
dc.subjectFOREIGN PORTFOLIO INVESTMENT
dc.subjectFOREIGN RESERVES
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL SYSTEM
dc.subjectGOVERNMENT BOND MARKETS
dc.subjectGOVERNMENT BONDS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATES
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BOND ISSUES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOWS
dc.subjectINTERNATIONAL FINANCIAL CRISES
dc.subjectINTERNATIONAL FINANCIAL INTEGRATION
dc.subjectINTERNATIONAL FINANCIAL SYSTEM
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL MONETARY FUND
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATES
dc.subjectMARKET CAPITALIZATION
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY POLICY
dc.subjectNEOCLASSICAL MODELS
dc.subjectNET DEBT
dc.subjectNET EQUITY
dc.subjectNET EXTERNAL POSITIONS
dc.subjectNET FOREIGN ASSETS
dc.subjectOPPORTUNITY COSTS
dc.subjectPARENT COMPANY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPORTFOLIOS
dc.subjectPRIVATE BONDS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL INFLOWS
dc.subjectPRIVATE FIRMS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTIONISM
dc.subjectPUBLIC INVESTMENT
dc.subjectRAPID EXPANSION
dc.subjectRESERVE ASSETS
dc.subjectRETAINED EARNINGS
dc.subjectSAVINGS
dc.subjectSAVINGS RATES
dc.subjectSOURCE OF INVESTMENT FINANCE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKETS
dc.subjectTAX INCENTIVES
dc.subjectVALUATION
dc.titleThe International Financial Integration of China and Indiaen
dspace.entity.typePublication
okr.crossref.titleThe International Financial Integration Of China And India
okr.date.doiregistration2025-04-10T10:27:13.992860Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/02/7367719/international-financial-integration-china-india
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid391541468281395480
okr.identifier.doi10.1596/1813-9450-4132
okr.identifier.externaldocumentum000016406_20070205094817
okr.identifier.internaldocumentum7367719
okr.identifier.reportWPS4132
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/02/05/000016406_20070205094817/Rendered/PDF/wps4132.pdfen
okr.region.administrativeSouth Asia
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.region.countryIndia
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicBanks and Banking Reform
okr.topicInternational Economics and Trade::Capital Flows
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationad1ad457-a974-53de-815c-c7010e0fdd74
relation.isAuthorOfPublication.latestForDiscoveryad1ad457-a974-53de-815c-c7010e0fdd74
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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