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While China has undertaken significant economic reforms since the late 1970s, the government still imposes significant control over the financial system. Repressive financial policies have important implications for a range of variables, including economic development, economic imbalances, and inequality. The studies that are included in this program analyzes the effects of financial policies using both cross-country and country-specific data.

Projects in this program include:

• Financial Repression and Real Exchange Rates
• Financial Openness in China

SCERI Program Participants: Dr. Xun Wang and 
Funding: Handelsbankens Forskningsstiftelser