Victor C. Shih is a political economist at Northwestern University specializing in China. An immigrant to the United States from Hong Kong, Dr. Shih received his doctorate in Government from Harvard University, where he researched banking sector reform in China with the support of the Jacob K. Javits Fellowship and the Fulbright Fellowship. He is the author of a book published by the Cambridge University Press entitled Factions and Finance in China: Elite Conflict and Inflation. It is the first book to inquire the linkages between elite politics and banking policies in China. He is further the author of numerous articles appearing in academic and business journals, including The China Quarterly, Comparative Political Studies, Journal of Politics, The Wall Street Journal and The China Business Review, and frequent adviser to the financial community on the banking industry in China. Dr. Shih holds a B.A. from the George Washington University, where he studied on a University Presidential Fellowship and graduated summa cum laude in East Asian studies with a minor in economics. His current research concerns Chinese banking policies, exchange rates, elite political dynamics and local government debt in China.
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High Wealth Concentration, Porous Exchange Control, and Shocks to Relative Return: the Fragile State of China’s Foreign Exchange Reserve
At a time when China is the favored investment destination in the global market, it seems unlikely that it would ever face capital flight.