The fundamental research and the various countries practice all proved the capital account opening is the advantages coexistence,how does the key lie in effectively unblocks the series risk which and the guard opening brings,takes the powerful measure the ri.

According to the current newest economical situation,our country s capital account opening futher is an important topic in front of us,we think that the authority should accelerate our courtry s capital account to be further open moderately.

We should explore and research capital account opening strategies viewing from a situation of financial stability in general.

Financial Development, Capital Account Liberalization and Economic or Financial Instability;

After capital account liberalization (CAL), people can allocate their investment over the world.

The current study of the capital account liberalization and the financial openness mainly focuses on independent discussions about the balance of the payment or the financial market liberalization;few of the studies have developed a comprehensive analysis of the interaction between them.

This paper provides an empirical analysis of the joint determination of capital account openness and discrepancies between de jure and de facto exchange rate regimes.

In the economic globalization context, any country must be confronted with the problem of capital account openness which is a necessary requirement for all- round participation in world competition.

For developing countries and emerging economies, low inflation rate is essential to successful capital account convertibility.

Whether capital account convertibility (CAC) is successful or not does not depend on what has been done before CAC, but what will be done after CAC.

Capital account convertibility (CAC) is a heatedly deputed and inevitable problem.