TY - BOOK ID - 85287366 TI - China's Bond Market and Global Financial Markets AU - Cerutti, Eugenio. AU - Obstfeld, Maurice. PY - 2018 SN - 1484389247 1484389239 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Bond market KW - Capital market KW - Bond markets KW - Market, Bond KW - Finance: General KW - Investments: Bonds KW - Financial Aspects of Economic Integration KW - International Business Cycles KW - International Financial Markets KW - General Financial Markets: General (includes Measurement and Data) KW - Finance KW - Investment & securities KW - Securities markets KW - Emerging and frontier financial markets KW - Stock markets KW - Bonds KW - Currency markets KW - Financial markets KW - Financial institutions KW - Financial services industry KW - Stock exchanges KW - Foreign exchange market KW - China, People's Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:85287366 AB - A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening bond market regulations, but also further developing of other markets, notably the foreign exchange market. Even though the increased integration of China into international capital markets would increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China’s size and especially under a well-articulated macroeconomic framework. ER -