On the impact of regional tax competition for capital mobility 地区间税收竞争对资本流动的影响分析
Element is simply the need for greater capital mobility , in other words the relaxation of restrictions on cross - border investment 项元素就是增加资本的流动性,亦即放宽跨境投资限制。
China ' s financial sector is fragile ? but that simply suggests it would be foolish to rush towards full capital mobility 中国的金融部门是很脆弱的?不过这仅仅意味着突击实现资本完全流动是不明智的。
However , it is obvious that greater capital mobility is the necessary condition for financial integration across jurisdictions 然而,要实现不同地区的金融一体化,必要条件显然是提高资本的流动性。
And so capital mobility remains tightly restricted and the availability of credit in domestic currencies to non - residents has become a popular control lever 结果,资金的流动性仍然受到严格限制,而管制向境外人士提供本地货币信贷的做法变得很普遍。
Moreover , during the process of collapse , both the output threshold and the level of capital mobility influence the dynamic adjustment path of the exchange rate 政府所能忍受的产出门槛水准及资本移动性大小会左右体制更迭过程中,汇率的动态调整路径。
This is even more so considering the virtual absence of labour mobility and the existence of large patches of different degrees of restrictions in capital mobility 若同时考虑劳工流动性几乎不存在及资金流动受到不同程度的限制等因素,这个想法更肯定。
Meanwhile , informatization is becoming an important impetus for global trade , investment , capital mobility and technology transfer , as well as for the development in all fields of society , economy and culture 信息化正在成为全球贸易、投资、资本流动和技术转移以及社会、经济、文化等一切领域发展的重要推动力。