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Navigating the Trilemma: Capital Flows and Monetary Policy in China

https://doi.org/10.2139/ssrn.1322383
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13/13 checkable references clean · checked 2026-08-02

Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.

25 without a DOI — not checked. A reference deposited without a DOI is never matched by title or guessed at; it stays outside the checked set, and this line discloses that.

The 13 checked references that resolve
resolves10.1111/j.1538-4616.2008.00138.x
Pegged Exchange Rate Regimes—A Trap?
resolves10.3386/w13902
Sterilization, Monetary Policy, and Global Financial Integration
resolves10.2139/ssrn.963621
Hot Money Inflows and Monetary Stability in China: How the People's Bank of China Took Up the Challenge
resolves10.1111/j.1467-8381.2006.00240.x
Capital Inflows Problem in Selected Asian Economies in the 1990s Revisited: The Role of Monetary Sterilization*
resolves10.1016/j.euroecorev.2004.07.002
Flexible exchange rates as shock absorbers
resolves10.1111/1468-0297.00413
Kicking the Habit: Moving from Pegged Rates to Greater Exchange Rate Flexibility
resolves10.3386/w7338
No Single Currency Regime is Right for All Countries or At All Times
resolves10.1016/s1042-4431(00)00030-5
Foreign reserve and money dynamics with asset portfolio adjustment: international evidence
resolves10.2307/2938278
Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models
resolves10.2139/ssrn.1014311
Do China's Capital Controls Still Bind? Implications for Monetary Autonomy and Capital Liberalisation
resolves10.3386/w10396
The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility
resolves10.3386/w11306
The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
resolves10.4324/9780203299036.ax22
Reserve Money as Percent of Broad Money (M2) in Eight Case Study Countries
The 25 references without a DOI — listed, not checked
no DOI — not checkedref5
no DOI — not checkedMoney and Inflation In China
no DOI — not checkedref11
no DOI — not checkedref13
no DOI — not checkedRising Foreign Currency Liquidity of Banks in China
no DOI — not checkedOpening China s Capital Account amid Ample Dollar Liquidity
no DOI — not checkedForeign Exchange Reserve Accumulation in Emerging Markets: What are the Domestic Implications?
no DOI — not checkedref19
no DOI — not checkedref20
no DOI — not checkedref22
no DOI — not checkedWhat to Do with over a Half a Trillion a Year? Understanding the Changes in the Management of China's Foreign Assets
no DOI — not checkedWhat if China Sputters?
no DOI — not checkedManaging Large Capital Inflows
no DOI — not checkedref26
no DOI — not checkedexpected Rmb appreciation" correspond to a rise in the $/Rmb rate. The total net asset return to holding Rmb equals the expected appreciation of the rmb minus the U.S.-China interest differential. Thus the incentive for capital to flow into Rmb assets was highest when (i) the yuan was expected to appreciate and (ii) the U.S.-China differential was negative, as was the case during the period 2004-mid-2005 and more recently, from the latter part of
no DOI — not checkedAssets Liabilities
no DOI — not checkedref29
no DOI — not checkedref31
no DOI — not checkedref32
no DOI — not checkedref33
no DOI — not checkedref34
no DOI — not checkedref35
no DOI — not checkedref36
no DOI — not checkedref37
no DOI — not checkedref38
What this badge says. CiteStamped means the CHECKABLE references of this work were clean at the dated check: each resolved to a known work in a public registry, and none carried a retraction notice at that time. It says nothing about the quality, findings, or importance of the work itself, and nothing about references deposited without a DOI.

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