What accounts for the surge in cross-border capital flows over the past two and a half decades? Capital account liberalization—that is, easing restrictions on capital flows across a country’s ...

What accounts for the surge of cross-border capital flows over the past two and a half decades? Capital account liberalization—that is, easing restrictions on capital flows across a country’s ...

China’s capital account, which tracks flows of capital in and out of the country, saw a record outflow last year as investors looked for better returns abroad. As a result, payments made by ...