id	sid	tid	token	lemma	pos
fbem-9853	1	1	frontiers	frontier	NOUN
fbem-9853	1	2	in	in	ADP
fbem-9853	1	3	business	business	NOUN
fbem-9853	1	4	,	,	PUNCT
fbem-9853	1	5	economics	economic	NOUN
fbem-9853	1	6	and	and	CCONJ
fbem-9853	1	7	management	management	NOUN
fbem-9853	1	8	issn	issn	PROPN
fbem-9853	1	9	:	:	PUNCT
fbem-9853	1	10	2766	2766	NUM
fbem-9853	1	11	-	-	PUNCT
fbem-9853	1	12	824x	824x	NUM
fbem-9853	1	13	|	|	ADJ
fbem-9853	1	14	vol	vol	NOUN
fbem-9853	1	15	.	.	PROPN
fbem-9853	2	1	10	10	NUM
fbem-9853	2	2	,	,	PUNCT
fbem-9853	2	3	no	no	INTJ
fbem-9853	2	4	.	.	NOUN
fbem-9853	2	5	1	1	NUM
fbem-9853	2	6	,	,	PUNCT
fbem-9853	2	7	2023	2023	NUM
fbem-9853	2	8	6	6	NUM
fbem-9853	2	9	the	the	DET
fbem-9853	2	10	impact	impact	NOUN
fbem-9853	2	11	of	of	ADP
fbem-9853	2	12	capital	capital	NOUN
fbem-9853	2	13	account	account	NOUN
fbem-9853	2	14	opening	opening	NOUN
fbem-9853	2	15	on	on	ADP
fbem-9853	2	16	rmb	rmb	NOUN
fbem-9853	2	17	internationalization	internationalization	NOUN
fbem-9853	2	18	-based	-base	VERB
fbem-9853	2	19	on	on	ADP
fbem-9853	2	20	the	the	DET
fbem-9853	2	21	analysis	analysis	NOUN
fbem-9853	2	22	of	of	ADP
fbem-9853	2	23	systemic	systemic	ADJ
fbem-9853	2	24	financial	financial	ADJ
fbem-9853	2	25	risk	risk	NOUN
fbem-9853	2	26	transmission	transmission	NOUN
fbem-9853	2	27	mechanism	mechanism	NOUN
fbem-9853	2	28	hanyu	hanyu	PROPN
fbem-9853	2	29	qian1	qian1	PROPN
fbem-9853	2	30	,	,	PUNCT
fbem-9853	2	31	*	*	SYM
fbem-9853	2	32	1	1	NUM
fbem-9853	2	33	department	department	NOUN
fbem-9853	2	34	of	of	ADP
fbem-9853	2	35	finance	finance	NOUN
fbem-9853	2	36	,	,	PUNCT
fbem-9853	2	37	anhui	anhui	PROPN
fbem-9853	2	38	university	university	PROPN
fbem-9853	2	39	of	of	ADP
fbem-9853	2	40	finance	finance	NOUN
fbem-9853	2	41	and	and	CCONJ
fbem-9853	2	42	economics	economic	NOUN
fbem-9853	2	43	,	,	PUNCT
fbem-9853	2	44	bengbu	bengbu	NOUN
fbem-9853	2	45	,	,	PUNCT
fbem-9853	2	46	co	co	NOUN
fbem-9853	2	47	233030	233030	NUM
fbem-9853	2	48	,	,	PUNCT
fbem-9853	2	49	china	china	PROPN
fbem-9853	2	50	*	*	PUNCT
fbem-9853	2	51	corresponding	correspond	VERB
fbem-9853	2	52	author	author	NOUN
fbem-9853	2	53	:	:	PUNCT
fbem-9853	2	54	hanyu	hanyu	PROPN
fbem-9853	2	55	qian	qian	PROPN
fbem-9853	2	56	(	(	PUNCT
fbem-9853	2	57	email	email	NOUN
fbem-9853	2	58	:	:	PUNCT
fbem-9853	2	59	2029622099@qq.com	2029622099@qq.com	NUM
fbem-9853	2	60	)	)	PUNCT
fbem-9853	2	61	abstract	abstract	NOUN
fbem-9853	2	62	:	:	PUNCT
fbem-9853	2	63	at	at	ADP
fbem-9853	2	64	this	this	DET
fbem-9853	2	65	stage	stage	NOUN
fbem-9853	2	66	,	,	PUNCT
fbem-9853	2	67	the	the	DET
fbem-9853	2	68	internationalization	internationalization	NOUN
fbem-9853	2	69	of	of	ADP
fbem-9853	2	70	rmb	rmb	PROPN
fbem-9853	2	71	is	be	AUX
fbem-9853	2	72	inseparable	inseparable	ADJ
fbem-9853	2	73	from	from	ADP
fbem-9853	2	74	the	the	DET
fbem-9853	2	75	opening	opening	NOUN
fbem-9853	2	76	of	of	ADP
fbem-9853	2	77	capital	capital	NOUN
fbem-9853	2	78	account	account	NOUN
fbem-9853	2	79	,	,	PUNCT
fbem-9853	2	80	and	and	CCONJ
fbem-9853	2	81	in	in	ADP
fbem-9853	2	82	this	this	DET
fbem-9853	2	83	process	process	NOUN
fbem-9853	2	84	,	,	PUNCT
fbem-9853	2	85	it	it	PRON
fbem-9853	2	86	is	be	AUX
fbem-9853	2	87	bound	bind	VERB
fbem-9853	2	88	to	to	PART
fbem-9853	2	89	face	face	VERB
fbem-9853	2	90	the	the	DET
fbem-9853	2	91	challenge	challenge	NOUN
fbem-9853	2	92	of	of	ADP
fbem-9853	2	93	systemic	systemic	ADJ
fbem-9853	2	94	financial	financial	ADJ
fbem-9853	2	95	risks	risk	NOUN
fbem-9853	2	96	.	.	PUNCT
fbem-9853	3	1	based	base	VERB
fbem-9853	3	2	on	on	ADP
fbem-9853	3	3	sv	sv	PROPN
fbem-9853	3	4	-	-	PUNCT
fbem-9853	3	5	tvp	tvp	ADJ
fbem-9853	3	6	-	-	PUNCT
fbem-9853	3	7	var	var	NOUN
fbem-9853	3	8	model	model	NOUN
fbem-9853	3	9	,	,	PUNCT
fbem-9853	3	10	this	this	DET
fbem-9853	3	11	paper	paper	NOUN
fbem-9853	3	12	makes	make	VERB
fbem-9853	3	13	a	a	DET
fbem-9853	3	14	time	time	NOUN
fbem-9853	3	15	variant	variant	ADJ
fbem-9853	3	16	analysis	analysis	NOUN
fbem-9853	3	17	on	on	ADP
fbem-9853	3	18	the	the	DET
fbem-9853	3	19	systemic	systemic	ADJ
fbem-9853	3	20	financial	financial	ADJ
fbem-9853	3	21	transmission	transmission	NOUN
fbem-9853	3	22	mechanism	mechanism	NOUN
fbem-9853	3	23	of	of	ADP
fbem-9853	3	24	capital	capital	NOUN
fbem-9853	3	25	account	account	NOUN
fbem-9853	3	26	opening	opening	NOUN
fbem-9853	3	27	affecting	affect	VERB
fbem-9853	3	28	rmb	rmb	NOUN
fbem-9853	3	29	internationalization	internationalization	NOUN
fbem-9853	3	30	.	.	PUNCT
fbem-9853	4	1	it	it	PRON
fbem-9853	4	2	is	be	AUX
fbem-9853	4	3	found	find	VERB
fbem-9853	4	4	that	that	SCONJ
fbem-9853	4	5	the	the	DET
fbem-9853	4	6	opening	opening	NOUN
fbem-9853	4	7	of	of	ADP
fbem-9853	4	8	capital	capital	NOUN
fbem-9853	4	9	account	account	NOUN
fbem-9853	4	10	promotes	promote	VERB
fbem-9853	4	11	the	the	DET
fbem-9853	4	12	development	development	NOUN
fbem-9853	4	13	of	of	ADP
fbem-9853	4	14	rmb	rmb	NOUN
fbem-9853	4	15	internationalization	internationalization	NOUN
fbem-9853	4	16	,	,	PUNCT
fbem-9853	4	17	and	and	CCONJ
fbem-9853	4	18	the	the	DET
fbem-9853	4	19	international	international	ADJ
fbem-9853	4	20	use	use	NOUN
fbem-9853	4	21	of	of	ADP
fbem-9853	4	22	rmb	rmb	NOUN
fbem-9853	4	23	will	will	AUX
fbem-9853	4	24	force	force	VERB
fbem-9853	4	25	the	the	DET
fbem-9853	4	26	expansion	expansion	NOUN
fbem-9853	4	27	of	of	ADP
fbem-9853	4	28	capital	capital	NOUN
fbem-9853	4	29	account	account	NOUN
fbem-9853	4	30	opening	opening	NOUN
fbem-9853	4	31	.	.	PUNCT
fbem-9853	5	1	further	further	ADJ
fbem-9853	5	2	research	research	NOUN
fbem-9853	5	3	shows	show	VERB
fbem-9853	5	4	that	that	SCONJ
fbem-9853	5	5	the	the	DET
fbem-9853	5	6	current	current	ADJ
fbem-9853	5	7	capital	capital	NOUN
fbem-9853	5	8	account	account	NOUN
fbem-9853	5	9	is	be	AUX
fbem-9853	5	10	not	not	PART
fbem-9853	5	11	easy	easy	ADJ
fbem-9853	5	12	to	to	PART
fbem-9853	5	13	fully	fully	ADV
fbem-9853	5	14	open	open	VERB
fbem-9853	5	15	,	,	PUNCT
fbem-9853	5	16	capital	capital	NOUN
fbem-9853	5	17	account	account	NOUN
fbem-9853	5	18	convertibility	convertibility	NOUN
fbem-9853	5	19	intensifies	intensify	VERB
fbem-9853	5	20	the	the	DET
fbem-9853	5	21	spillover	spillover	NOUN
fbem-9853	5	22	of	of	ADP
fbem-9853	5	23	macroeconomic	macroeconomic	ADJ
fbem-9853	5	24	risks	risk	NOUN
fbem-9853	5	25	and	and	CCONJ
fbem-9853	5	26	external	external	ADJ
fbem-9853	5	27	market	market	NOUN
fbem-9853	5	28	risks	risk	NOUN
fbem-9853	5	29	,	,	PUNCT
fbem-9853	5	30	and	and	CCONJ
fbem-9853	5	31	macro	macro	ADJ
fbem-9853	5	32	prudential	prudential	PROPN
fbem-9853	5	33	supervision	supervision	PROPN
fbem-9853	5	34	needs	need	VERB
fbem-9853	5	35	to	to	PART
fbem-9853	5	36	be	be	AUX
fbem-9853	5	37	improved	improve	VERB
fbem-9853	5	38	.	.	PUNCT
fbem-9853	6	1	the	the	DET
fbem-9853	6	2	restraint	restraint	NOUN
fbem-9853	6	3	of	of	ADP
fbem-9853	6	4	capital	capital	NOUN
fbem-9853	6	5	account	account	NOUN
fbem-9853	6	6	opening	opening	NOUN
fbem-9853	6	7	on	on	ADP
fbem-9853	6	8	monetary	monetary	ADJ
fbem-9853	6	9	liquidity	liquidity	NOUN
fbem-9853	6	10	risk	risk	NOUN
fbem-9853	6	11	and	and	CCONJ
fbem-9853	6	12	asset	asset	NOUN
fbem-9853	6	13	bubble	bubble	NOUN
fbem-9853	6	14	risk	risk	NOUN
fbem-9853	6	15	shows	show	VERB
fbem-9853	6	16	time	time	NOUN
fbem-9853	6	17	varying	vary	VERB
fbem-9853	6	18	characteristics	characteristic	NOUN
fbem-9853	6	19	,	,	PUNCT
fbem-9853	6	20	and	and	CCONJ
fbem-9853	6	21	the	the	DET
fbem-9853	6	22	long	long	ADJ
fbem-9853	6	23	-	-	PUNCT
fbem-9853	6	24	term	term	NOUN
fbem-9853	6	25	development	development	NOUN
fbem-9853	6	26	of	of	ADP
fbem-9853	6	27	rmb	rmb	PROPN
fbem-9853	6	28	internationalization	internationalization	NOUN
fbem-9853	6	29	urgently	urgently	ADV
fbem-9853	6	30	needs	need	VERB
fbem-9853	6	31	to	to	PART
fbem-9853	6	32	deepen	deepen	VERB
fbem-9853	6	33	the	the	DET
fbem-9853	6	34	reform	reform	NOUN
fbem-9853	6	35	of	of	ADP
fbem-9853	6	36	financial	financial	ADJ
fbem-9853	6	37	system	system	NOUN
fbem-9853	6	38	.	.	PUNCT
fbem-9853	7	1	keywords	keyword	NOUN
fbem-9853	7	2	:	:	PUNCT
fbem-9853	7	3	capital	capital	NOUN
fbem-9853	7	4	account	account	NOUN
fbem-9853	7	5	opening	opening	NOUN
fbem-9853	7	6	,	,	PUNCT
fbem-9853	7	7	internationalization	internationalization	NOUN
fbem-9853	7	8	of	of	ADP
fbem-9853	7	9	the	the	DET
fbem-9853	7	10	renminbi	renminbi	NOUN
fbem-9853	7	11	,	,	PUNCT
fbem-9853	7	12	systemic	systemic	ADJ
fbem-9853	7	13	financial	financial	ADJ
fbem-9853	7	14	risks	risk	NOUN
fbem-9853	7	15	,	,	PUNCT
fbem-9853	7	16	sv	sv	NOUN
fbem-9853	7	17	-	-	PUNCT
fbem-9853	7	18	tvp	tvp	ADJ
fbem-9853	7	19	-	-	PUNCT
fbem-9853	7	20	var	var	NOUN
fbem-9853	7	21	model	model	NOUN
fbem-9853	7	22	.	.	PUNCT
fbem-9853	8	1	1	1	X
fbem-9853	8	2	.	.	X
fbem-9853	8	3	introduction	introduction	NOUN
fbem-9853	8	4	with	with	ADP
fbem-9853	8	5	the	the	DET
fbem-9853	8	6	rapid	rapid	ADJ
fbem-9853	8	7	rise	rise	NOUN
fbem-9853	8	8	of	of	ADP
fbem-9853	8	9	china	china	PROPN
fbem-9853	8	10	's	's	PART
fbem-9853	8	11	economy	economy	NOUN
fbem-9853	8	12	,	,	PUNCT
fbem-9853	8	13	the	the	DET
fbem-9853	8	14	world	world	NOUN
fbem-9853	8	15	economic	economic	ADJ
fbem-9853	8	16	pattern	pattern	NOUN
fbem-9853	8	17	has	have	AUX
fbem-9853	8	18	undergone	undergo	VERB
fbem-9853	8	19	great	great	ADJ
fbem-9853	8	20	changes	change	NOUN
fbem-9853	8	21	,	,	PUNCT
fbem-9853	8	22	and	and	CCONJ
fbem-9853	8	23	the	the	DET
fbem-9853	8	24	vulnerability	vulnerability	NOUN
fbem-9853	8	25	and	and	CCONJ
fbem-9853	8	26	risk	risk	NOUN
fbem-9853	8	27	of	of	ADP
fbem-9853	8	28	the	the	DET
fbem-9853	8	29	international	international	ADJ
fbem-9853	8	30	monetary	monetary	ADJ
fbem-9853	8	31	system	system	NOUN
fbem-9853	8	32	dominated	dominate	VERB
fbem-9853	8	33	by	by	ADP
fbem-9853	8	34	the	the	DET
fbem-9853	8	35	us	us	PROPN
fbem-9853	8	36	dollar	dollar	NOUN
fbem-9853	8	37	have	have	AUX
fbem-9853	8	38	become	become	VERB
fbem-9853	8	39	increasingly	increasingly	ADV
fbem-9853	8	40	prominent	prominent	ADJ
fbem-9853	8	41	.	.	PUNCT
fbem-9853	9	1	a	a	DET
fbem-9853	9	2	series	series	NOUN
fbem-9853	9	3	of	of	ADP
fbem-9853	9	4	actions	action	NOUN
fbem-9853	9	5	,	,	PUNCT
fbem-9853	9	6	such	such	ADJ
fbem-9853	9	7	as	as	ADP
fbem-9853	9	8	the	the	DET
fbem-9853	9	9	sino	sino	ADJ
fbem-9853	9	10	us	us	PROPN
fbem-9853	9	11	trade	trade	NOUN
fbem-9853	9	12	war	war	NOUN
fbem-9853	9	13	in	in	ADP
fbem-9853	9	14	2018	2018	NUM
fbem-9853	9	15	,	,	PUNCT
fbem-9853	9	16	the	the	DET
fbem-9853	9	17	"	"	PUNCT
fbem-9853	9	18	unrestricted	unrestricted	ADJ
fbem-9853	9	19	"	"	PUNCT
fbem-9853	9	20	quantitative	quantitative	ADJ
fbem-9853	9	21	easing	easing	NOUN
fbem-9853	9	22	in	in	ADP
fbem-9853	9	23	2020	2020	NUM
fbem-9853	9	24	and	and	CCONJ
fbem-9853	9	25	the	the	DET
fbem-9853	9	26	economic	economic	ADJ
fbem-9853	9	27	sanctions	sanction	NOUN
fbem-9853	9	28	against	against	ADP
fbem-9853	9	29	russia	russia	PROPN
fbem-9853	9	30	in	in	ADP
fbem-9853	9	31	2022	2022	NUM
fbem-9853	9	32	,	,	PUNCT
fbem-9853	9	33	have	have	AUX
fbem-9853	9	34	made	make	VERB
fbem-9853	9	35	more	more	ADJ
fbem-9853	9	36	and	and	CCONJ
fbem-9853	9	37	more	more	ADJ
fbem-9853	9	38	countries	country	NOUN
fbem-9853	9	39	realize	realize	VERB
fbem-9853	9	40	the	the	DET
fbem-9853	9	41	disadvantages	disadvantage	NOUN
fbem-9853	9	42	of	of	ADP
fbem-9853	9	43	the	the	DET
fbem-9853	9	44	single	single	ADJ
fbem-9853	9	45	monetary	monetary	ADJ
fbem-9853	9	46	system	system	NOUN
fbem-9853	9	47	under	under	ADP
fbem-9853	9	48	the	the	DET
fbem-9853	9	49	hegemony	hegemony	NOUN
fbem-9853	9	50	of	of	ADP
fbem-9853	9	51	the	the	DET
fbem-9853	9	52	us	us	PROPN
fbem-9853	9	53	dollar	dollar	NOUN
fbem-9853	9	54	,	,	PUNCT
fbem-9853	9	55	and	and	CCONJ
fbem-9853	9	56	the	the	DET
fbem-9853	9	57	internationalization	internationalization	NOUN
fbem-9853	9	58	of	of	ADP
fbem-9853	9	59	rmb	rmb	PROPN
fbem-9853	9	60	has	have	AUX
fbem-9853	9	61	ushered	usher	VERB
fbem-9853	9	62	in	in	ADP
fbem-9853	9	63	new	new	ADJ
fbem-9853	9	64	development	development	NOUN
fbem-9853	9	65	opportunities	opportunity	NOUN
fbem-9853	9	66	.	.	PUNCT
fbem-9853	10	1	in	in	ADP
fbem-9853	10	2	recent	recent	ADJ
fbem-9853	10	3	years	year	NOUN
fbem-9853	10	4	,	,	PUNCT
fbem-9853	10	5	with	with	ADP
fbem-9853	10	6	the	the	DET
fbem-9853	10	7	gradual	gradual	ADJ
fbem-9853	10	8	opening	opening	NOUN
fbem-9853	10	9	of	of	ADP
fbem-9853	10	10	the	the	DET
fbem-9853	10	11	capital	capital	NOUN
fbem-9853	10	12	account	account	NOUN
fbem-9853	10	13	and	and	CCONJ
fbem-9853	10	14	the	the	DET
fbem-9853	10	15	continuous	continuous	ADJ
fbem-9853	10	16	improvement	improvement	NOUN
fbem-9853	10	17	of	of	ADP
fbem-9853	10	18	the	the	DET
fbem-9853	10	19	level	level	NOUN
fbem-9853	10	20	of	of	ADP
fbem-9853	10	21	rmb	rmb	NOUN
fbem-9853	10	22	internationalization	internationalization	NOUN
fbem-9853	10	23	,	,	PUNCT
fbem-9853	10	24	the	the	DET
fbem-9853	10	25	rmb	rmb	PROPN
fbem-9853	10	26	internationalization	internationalization	NOUN
fbem-9853	10	27	report	report	NOUN
fbem-9853	10	28	2022	2022	NUM
fbem-9853	10	29	shows	show	VERB
fbem-9853	10	30	that	that	SCONJ
fbem-9853	10	31	the	the	DET
fbem-9853	10	32	share	share	NOUN
fbem-9853	10	33	of	of	ADP
fbem-9853	10	34	rmb	rmb	PROPN
fbem-9853	10	35	international	international	ADJ
fbem-9853	10	36	payment	payment	NOUN
fbem-9853	10	37	has	have	AUX
fbem-9853	10	38	increased	increase	VERB
fbem-9853	10	39	to	to	ADP
fbem-9853	10	40	2.7	2.7	NUM
fbem-9853	10	41	%	%	NOUN
fbem-9853	10	42	,	,	PUNCT
fbem-9853	10	43	surpassing	surpass	VERB
fbem-9853	10	44	the	the	DET
fbem-9853	10	45	yen	yen	NOUN
fbem-9853	10	46	as	as	ADP
fbem-9853	10	47	the	the	DET
fbem-9853	10	48	fourth	fourth	ADJ
fbem-9853	10	49	payment	payment	NOUN
fbem-9853	10	50	currency	currency	NOUN
fbem-9853	10	51	in	in	ADP
fbem-9853	10	52	the	the	DET
fbem-9853	10	53	world	world	NOUN
fbem-9853	10	54	.	.	PUNCT
fbem-9853	11	1	at	at	ADP
fbem-9853	11	2	present	present	ADJ
fbem-9853	11	3	,	,	PUNCT
fbem-9853	11	4	the	the	DET
fbem-9853	11	5	internationalization	internationalization	NOUN
fbem-9853	11	6	of	of	ADP
fbem-9853	11	7	rmb	rmb	PROPN
fbem-9853	11	8	is	be	AUX
fbem-9853	11	9	in	in	ADP
fbem-9853	11	10	a	a	DET
fbem-9853	11	11	critical	critical	ADJ
fbem-9853	11	12	stage	stage	NOUN
fbem-9853	11	13	,	,	PUNCT
fbem-9853	11	14	and	and	CCONJ
fbem-9853	11	15	the	the	DET
fbem-9853	11	16	opening	opening	NOUN
fbem-9853	11	17	of	of	ADP
fbem-9853	11	18	capital	capital	NOUN
fbem-9853	11	19	account	account	NOUN
fbem-9853	11	20	is	be	AUX
fbem-9853	11	21	also	also	ADV
fbem-9853	11	22	facing	face	VERB
fbem-9853	11	23	important	important	ADJ
fbem-9853	11	24	choices	choice	NOUN
fbem-9853	11	25	[	[	X
fbem-9853	11	26	1	1	NUM
fbem-9853	11	27	]	]	PUNCT
fbem-9853	11	28	.	.	PUNCT
fbem-9853	12	1	a	a	DET
fbem-9853	12	2	higher	high	ADJ
fbem-9853	12	3	level	level	NOUN
fbem-9853	12	4	of	of	ADP
fbem-9853	12	5	financial	financial	ADJ
fbem-9853	12	6	openness	openness	NOUN
fbem-9853	12	7	has	have	AUX
fbem-9853	12	8	created	create	VERB
fbem-9853	12	9	a	a	DET
fbem-9853	12	10	cost	cost	NOUN
fbem-9853	12	11	advantage	advantage	NOUN
fbem-9853	12	12	for	for	ADP
fbem-9853	12	13	rmb	rmb	PROPN
fbem-9853	12	14	cross	cross	ADJ
fbem-9853	12	15	-	-	ADJ
fbem-9853	12	16	border	border	ADJ
fbem-9853	12	17	settlement	settlement	NOUN
fbem-9853	12	18	,	,	PUNCT
fbem-9853	12	19	but	but	CCONJ
fbem-9853	12	20	it	it	PRON
fbem-9853	12	21	also	also	ADV
fbem-9853	12	22	brings	bring	VERB
fbem-9853	12	23	systemic	systemic	ADJ
fbem-9853	12	24	financial	financial	ADJ
fbem-9853	12	25	risks	risk	NOUN
fbem-9853	12	26	.	.	PUNCT
fbem-9853	13	1	the	the	DET
fbem-9853	13	2	impact	impact	NOUN
fbem-9853	13	3	of	of	ADP
fbem-9853	13	4	international	international	ADJ
fbem-9853	13	5	capital	capital	NOUN
fbem-9853	13	6	flows	flow	NOUN
fbem-9853	13	7	on	on	ADP
fbem-9853	13	8	systemic	systemic	ADJ
fbem-9853	13	9	risks	risk	NOUN
fbem-9853	13	10	at	at	ADP
fbem-9853	13	11	different	different	ADJ
fbem-9853	13	12	stages	stage	NOUN
fbem-9853	13	13	is	be	AUX
fbem-9853	13	14	different	different	ADJ
fbem-9853	13	15	[	[	X
fbem-9853	13	16	2	2	NUM
fbem-9853	13	17	]	]	PUNCT
fbem-9853	13	18	.	.	PUNCT
fbem-9853	14	1	therefore	therefore	ADV
fbem-9853	14	2	,	,	PUNCT
fbem-9853	14	3	it	it	PRON
fbem-9853	14	4	is	be	AUX
fbem-9853	14	5	of	of	ADP
fbem-9853	14	6	great	great	ADJ
fbem-9853	14	7	significance	significance	NOUN
fbem-9853	14	8	to	to	PART
fbem-9853	14	9	investigate	investigate	VERB
fbem-9853	14	10	the	the	DET
fbem-9853	14	11	impact	impact	NOUN
fbem-9853	14	12	of	of	ADP
fbem-9853	14	13	systemic	systemic	ADJ
fbem-9853	14	14	financial	financial	ADJ
fbem-9853	14	15	risks	risk	NOUN
fbem-9853	14	16	on	on	ADP
fbem-9853	14	17	rmb	rmb	PROPN
fbem-9853	14	18	cross	cross	ADJ
fbem-9853	14	19	-	-	ADJ
fbem-9853	14	20	border	border	ADJ
fbem-9853	14	21	settlement	settlement	NOUN
fbem-9853	14	22	under	under	ADP
fbem-9853	14	23	the	the	DET
fbem-9853	14	24	opening	opening	NOUN
fbem-9853	14	25	of	of	ADP
fbem-9853	14	26	capital	capital	NOUN
fbem-9853	14	27	account	account	NOUN
fbem-9853	14	28	for	for	ADP
fbem-9853	14	29	promoting	promote	VERB
fbem-9853	14	30	rmb	rmb	NOUN
fbem-9853	14	31	internationalization	internationalization	NOUN
fbem-9853	14	32	.	.	PUNCT
fbem-9853	15	1	china	china	PROPN
fbem-9853	15	2	's	's	PART
fbem-9853	15	3	capital	capital	NOUN
fbem-9853	15	4	account	account	NOUN
fbem-9853	15	5	opening	opening	NOUN
fbem-9853	15	6	time	time	NOUN
fbem-9853	15	7	is	be	AUX
fbem-9853	15	8	not	not	PART
fbem-9853	15	9	long	long	ADJ
fbem-9853	15	10	,	,	PUNCT
fbem-9853	15	11	and	and	CCONJ
fbem-9853	15	12	scholars	scholar	NOUN
fbem-9853	15	13	at	at	ADP
fbem-9853	15	14	home	home	ADV
fbem-9853	15	15	and	and	CCONJ
fbem-9853	15	16	abroad	abroad	ADV
fbem-9853	15	17	have	have	AUX
fbem-9853	15	18	not	not	PART
fbem-9853	15	19	yet	yet	ADV
fbem-9853	15	20	reached	reach	VERB
fbem-9853	15	21	a	a	DET
fbem-9853	15	22	conclusion	conclusion	NOUN
fbem-9853	15	23	on	on	ADP
fbem-9853	15	24	the	the	DET
fbem-9853	15	25	impact	impact	NOUN
fbem-9853	15	26	of	of	ADP
fbem-9853	15	27	capital	capital	NOUN
fbem-9853	15	28	account	account	NOUN
fbem-9853	15	29	opening	opening	NOUN
fbem-9853	15	30	on	on	ADP
fbem-9853	15	31	systemic	systemic	ADJ
fbem-9853	15	32	risk	risk	NOUN
fbem-9853	15	33	.	.	PUNCT
fbem-9853	16	1	some	some	DET
fbem-9853	16	2	scholars	scholar	NOUN
fbem-9853	16	3	believe	believe	VERB
fbem-9853	16	4	that	that	SCONJ
fbem-9853	16	5	capital	capital	NOUN
fbem-9853	16	6	account	account	NOUN
fbem-9853	16	7	opening	opening	NOUN
fbem-9853	16	8	can	can	AUX
fbem-9853	16	9	steadily	steadily	ADV
fbem-9853	16	10	curb	curb	VERB
fbem-9853	16	11	the	the	DET
fbem-9853	16	12	growth	growth	NOUN
fbem-9853	16	13	of	of	ADP
fbem-9853	16	14	systemic	systemic	ADJ
fbem-9853	16	15	financial	financial	ADJ
fbem-9853	16	16	risks	risk	NOUN
fbem-9853	16	17	in	in	ADP
fbem-9853	16	18	the	the	DET
fbem-9853	16	19	short	short	ADJ
fbem-9853	16	20	term	term	NOUN
fbem-9853	17	1	[	[	X
fbem-9853	17	2	3	3	NUM
fbem-9853	17	3	]	]	PUNCT
fbem-9853	17	4	;	;	PUNCT
fbem-9853	17	5	opening	open	VERB
fbem-9853	17	6	the	the	DET
fbem-9853	17	7	capital	capital	NOUN
fbem-9853	17	8	account	account	NOUN
fbem-9853	17	9	before	before	SCONJ
fbem-9853	17	10	the	the	DET
fbem-9853	17	11	financial	financial	ADJ
fbem-9853	17	12	crisis	crisis	NOUN
fbem-9853	17	13	is	be	AUX
fbem-9853	17	14	conducive	conducive	ADJ
fbem-9853	17	15	to	to	PART
fbem-9853	17	16	risk	risk	VERB
fbem-9853	17	17	mitigation	mitigation	NOUN
fbem-9853	17	18	[	[	X
fbem-9853	17	19	4	4	NUM
fbem-9853	17	20	]	]	PUNCT
fbem-9853	17	21	.	.	PUNCT
fbem-9853	18	1	some	some	DET
fbem-9853	18	2	scholars	scholar	NOUN
fbem-9853	18	3	also	also	ADV
fbem-9853	18	4	believe	believe	VERB
fbem-9853	18	5	that	that	SCONJ
fbem-9853	18	6	exchange	exchange	NOUN
fbem-9853	18	7	rate	rate	NOUN
fbem-9853	18	8	fluctuations	fluctuation	NOUN
fbem-9853	18	9	,	,	PUNCT
fbem-9853	18	10	external	external	ADJ
fbem-9853	18	11	shocks	shock	NOUN
fbem-9853	18	12	and	and	CCONJ
fbem-9853	18	13	soaring	soar	VERB
fbem-9853	18	14	capital	capital	NOUN
fbem-9853	18	15	inflows	inflow	NOUN
fbem-9853	18	16	brought	bring	VERB
fbem-9853	18	17	about	about	ADP
fbem-9853	18	18	by	by	ADP
fbem-9853	18	19	the	the	DET
fbem-9853	18	20	opening	opening	NOUN
fbem-9853	18	21	of	of	ADP
fbem-9853	18	22	the	the	DET
fbem-9853	18	23	capital	capital	NOUN
fbem-9853	18	24	account	account	NOUN
fbem-9853	18	25	have	have	AUX
fbem-9853	18	26	all	all	PRON
fbem-9853	18	27	increased	increase	VERB
fbem-9853	18	28	systemic	systemic	ADJ
fbem-9853	18	29	financial	financial	ADJ
fbem-9853	18	30	risks	risk	NOUN
fbem-9853	18	31	and	and	CCONJ
fbem-9853	18	32	even	even	ADV
fbem-9853	18	33	triggered	trigger	VERB
fbem-9853	18	34	a	a	DET
fbem-9853	18	35	financial	financial	ADJ
fbem-9853	18	36	crisis	crisis	NOUN
fbem-9853	19	1	[	[	X
fbem-9853	19	2	5	5	NUM
fbem-9853	19	3	-	-	SYM
fbem-9853	19	4	7	7	NUM
fbem-9853	19	5	]	]	PUNCT
fbem-9853	19	6	.	.	PUNCT
fbem-9853	20	1	the	the	DET
fbem-9853	20	2	systemic	systemic	ADJ
fbem-9853	20	3	risk	risk	NOUN
fbem-9853	20	4	arising	arise	VERB
fbem-9853	20	5	from	from	ADP
fbem-9853	20	6	capital	capital	NOUN
fbem-9853	20	7	flows	flow	NOUN
fbem-9853	20	8	will	will	AUX
fbem-9853	20	9	affect	affect	VERB
fbem-9853	20	10	the	the	DET
fbem-9853	20	11	international	international	ADJ
fbem-9853	20	12	use	use	NOUN
fbem-9853	20	13	of	of	ADP
fbem-9853	20	14	local	local	ADJ
fbem-9853	20	15	currency	currency	NOUN
fbem-9853	20	16	through	through	ADP
fbem-9853	20	17	financial	financial	ADJ
fbem-9853	20	18	institutions	institution	NOUN
fbem-9853	20	19	[	[	X
fbem-9853	20	20	8	8	NUM
fbem-9853	20	21	]	]	PUNCT
fbem-9853	20	22	.	.	PUNCT
fbem-9853	21	1	in	in	ADP
fbem-9853	21	2	the	the	DET
fbem-9853	21	3	process	process	NOUN
fbem-9853	21	4	of	of	ADP
fbem-9853	21	5	promoting	promote	VERB
fbem-9853	21	6	the	the	DET
fbem-9853	21	7	internationalization	internationalization	NOUN
fbem-9853	21	8	of	of	ADP
fbem-9853	21	9	rmb	rmb	NOUN
fbem-9853	21	10	,	,	PUNCT
fbem-9853	21	11	it	it	PRON
fbem-9853	21	12	may	may	AUX
fbem-9853	21	13	lead	lead	VERB
fbem-9853	21	14	to	to	ADP
fbem-9853	21	15	the	the	DET
fbem-9853	21	16	spread	spread	NOUN
fbem-9853	21	17	of	of	ADP
fbem-9853	21	18	macro	macro	ADJ
fbem-9853	21	19	financial	financial	ADJ
fbem-9853	21	20	risks	risk	NOUN
fbem-9853	21	21	and	and	CCONJ
fbem-9853	21	22	form	form	VERB
fbem-9853	21	23	a	a	DET
fbem-9853	21	24	cumulative	cumulative	ADJ
fbem-9853	21	25	effect	effect	NOUN
fbem-9853	22	1	[	[	X
fbem-9853	22	2	9	9	NUM
fbem-9853	22	3	-	-	SYM
fbem-9853	22	4	10	10	NUM
fbem-9853	22	5	]	]	PUNCT
fbem-9853	22	6	.	.	PUNCT
fbem-9853	23	1	in	in	ADP
fbem-9853	23	2	addition	addition	NOUN
fbem-9853	23	3	,	,	PUNCT
fbem-9853	23	4	the	the	DET
fbem-9853	23	5	risk	risk	NOUN
fbem-9853	23	6	level	level	NOUN
fbem-9853	23	7	of	of	ADP
fbem-9853	23	8	the	the	DET
fbem-9853	23	9	currency	currency	NOUN
fbem-9853	23	10	itself	itself	PRON
fbem-9853	23	11	is	be	AUX
fbem-9853	23	12	also	also	ADV
fbem-9853	23	13	an	an	DET
fbem-9853	23	14	important	important	ADJ
fbem-9853	23	15	reference	reference	NOUN
fbem-9853	23	16	for	for	ADP
fbem-9853	23	17	the	the	DET
fbem-9853	23	18	currency	currency	NOUN
fbem-9853	23	19	anchor	anchor	NOUN
fbem-9853	24	1	[	[	X
fbem-9853	24	2	11	11	NUM
fbem-9853	24	3	]	]	PUNCT
fbem-9853	24	4	.	.	PUNCT
fbem-9853	25	1	rmb	rmb	PROPN
fbem-9853	25	2	internationalization	internationalization	NOUN
fbem-9853	25	3	is	be	AUX
fbem-9853	25	4	currently	currently	ADV
fbem-9853	25	5	in	in	ADP
fbem-9853	25	6	its	its	PRON
fbem-9853	25	7	infancy	infancy	NOUN
fbem-9853	25	8	,	,	PUNCT
fbem-9853	25	9	and	and	CCONJ
fbem-9853	25	10	we	we	PRON
fbem-9853	25	11	should	should	AUX
fbem-9853	25	12	firmly	firmly	ADV
fbem-9853	25	13	hold	hold	VERB
fbem-9853	25	14	the	the	DET
fbem-9853	25	15	bottom	bottom	ADJ
fbem-9853	25	16	line	line	NOUN
fbem-9853	25	17	that	that	SCONJ
fbem-9853	25	18	systemic	systemic	ADJ
fbem-9853	25	19	risks	risk	NOUN
fbem-9853	25	20	do	do	AUX
fbem-9853	25	21	not	not	PART
fbem-9853	25	22	occur	occur	VERB
fbem-9853	25	23	[	[	X
fbem-9853	25	24	12	12	NUM
fbem-9853	25	25	]	]	PUNCT
fbem-9853	25	26	.	.	PUNCT
fbem-9853	26	1	in	in	ADP
fbem-9853	26	2	the	the	DET
fbem-9853	26	3	past	past	NOUN
fbem-9853	26	4	,	,	PUNCT
fbem-9853	26	5	few	few	ADJ
fbem-9853	26	6	studies	study	NOUN
fbem-9853	26	7	have	have	AUX
fbem-9853	26	8	put	put	VERB
fbem-9853	26	9	capital	capital	NOUN
fbem-9853	26	10	account	account	NOUN
fbem-9853	26	11	opening	opening	NOUN
fbem-9853	26	12	,	,	PUNCT
fbem-9853	26	13	systemic	systemic	ADJ
fbem-9853	26	14	financial	financial	ADJ
fbem-9853	26	15	risk	risk	NOUN
fbem-9853	26	16	and	and	CCONJ
fbem-9853	26	17	rmb	rmb	NOUN
fbem-9853	26	18	internationalization	internationalization	NOUN
fbem-9853	26	19	under	under	ADP
fbem-9853	26	20	the	the	DET
fbem-9853	26	21	same	same	ADJ
fbem-9853	26	22	variable	variable	ADJ
fbem-9853	26	23	parameter	parameter	NOUN
fbem-9853	26	24	framework	framework	NOUN
fbem-9853	26	25	,	,	PUNCT
fbem-9853	26	26	and	and	CCONJ
fbem-9853	26	27	the	the	DET
fbem-9853	26	28	classification	classification	NOUN
fbem-9853	26	29	impact	impact	NOUN
fbem-9853	26	30	of	of	ADP
fbem-9853	26	31	systemic	systemic	ADJ
fbem-9853	26	32	risk	risk	NOUN
fbem-9853	26	33	has	have	AUX
fbem-9853	26	34	not	not	PART
fbem-9853	26	35	been	be	AUX
fbem-9853	26	36	fully	fully	ADV
fbem-9853	26	37	considered	consider	VERB
fbem-9853	26	38	.	.	PUNCT
fbem-9853	27	1	in	in	ADP
fbem-9853	27	2	view	view	NOUN
fbem-9853	27	3	of	of	ADP
fbem-9853	27	4	the	the	DET
fbem-9853	27	5	intervention	intervention	NOUN
fbem-9853	27	6	of	of	ADP
fbem-9853	27	7	china	china	PROPN
fbem-9853	27	8	's	's	PART
fbem-9853	27	9	capital	capital	NOUN
fbem-9853	27	10	control	control	NOUN
fbem-9853	27	11	in	in	ADP
fbem-9853	27	12	the	the	DET
fbem-9853	27	13	economy	economy	NOUN
fbem-9853	27	14	,	,	PUNCT
fbem-9853	27	15	the	the	DET
fbem-9853	27	16	relationship	relationship	NOUN
fbem-9853	27	17	between	between	ADP
fbem-9853	27	18	the	the	DET
fbem-9853	27	19	subjects	subject	NOUN
fbem-9853	27	20	may	may	AUX
fbem-9853	27	21	change	change	VERB
fbem-9853	27	22	over	over	ADP
fbem-9853	27	23	time	time	NOUN
fbem-9853	27	24	[	[	X
fbem-9853	27	25	13	13	NUM
fbem-9853	27	26	]	]	PUNCT
fbem-9853	27	27	.	.	PUNCT
fbem-9853	28	1	therefore	therefore	ADV
fbem-9853	28	2	,	,	PUNCT
fbem-9853	28	3	this	this	DET
fbem-9853	28	4	paper	paper	NOUN
fbem-9853	28	5	chooses	choose	VERB
fbem-9853	28	6	sv	sv	PROPN
fbem-9853	28	7	-	-	PUNCT
fbem-9853	28	8	tvp	tvp	ADJ
fbem-9853	28	9	-	-	PUNCT
fbem-9853	28	10	var	var	NOUN
fbem-9853	28	11	model	model	NOUN
fbem-9853	28	12	to	to	PART
fbem-9853	28	13	analyze	analyze	VERB
fbem-9853	28	14	the	the	DET
fbem-9853	28	15	dynamic	dynamic	ADJ
fbem-9853	28	16	relationship	relationship	NOUN
fbem-9853	28	17	between	between	ADP
fbem-9853	28	18	the	the	DET
fbem-9853	28	19	above	above	ADJ
fbem-9853	28	20	three	three	NUM
fbem-9853	28	21	.	.	PUNCT
fbem-9853	29	1	2	2	X
fbem-9853	29	2	.	.	X
fbem-9853	29	3	research	research	NOUN
fbem-9853	29	4	design	design	NOUN
fbem-9853	29	5	2.1	2.1	NUM
fbem-9853	29	6	.	.	PUNCT
fbem-9853	30	1	model	model	NOUN
fbem-9853	30	2	design	design	NOUN
fbem-9853	30	3	in	in	ADP
fbem-9853	30	4	order	order	NOUN
fbem-9853	30	5	to	to	PART
fbem-9853	30	6	overcome	overcome	VERB
fbem-9853	30	7	the	the	DET
fbem-9853	30	8	setting	setting	NOUN
fbem-9853	30	9	of	of	ADP
fbem-9853	30	10	unchanged	unchanged	ADJ
fbem-9853	30	11	parameters	parameter	NOUN
fbem-9853	30	12	of	of	ADP
fbem-9853	30	13	traditional	traditional	ADJ
fbem-9853	30	14	var	var	NOUN
fbem-9853	30	15	model	model	NOUN
fbem-9853	30	16	,	,	PUNCT
fbem-9853	30	17	sv	sv	PROPN
fbem-9853	30	18	-	-	PUNCT
fbem-9853	30	19	tvp	tvp	ADJ
fbem-9853	30	20	-	-	PUNCT
fbem-9853	30	21	var	var	NOUN
fbem-9853	30	22	model	model	NOUN
fbem-9853	30	23	is	be	AUX
fbem-9853	30	24	introduced	introduce	VERB
fbem-9853	30	25	in	in	ADP
fbem-9853	30	26	this	this	DET
fbem-9853	30	27	paper	paper	NOUN
fbem-9853	30	28	.	.	PUNCT
fbem-9853	31	1	an	an	DET
fbem-9853	31	2	svar	svar	PROPN
fbem-9853	31	3	model	model	NOUN
fbem-9853	31	4	is	be	AUX
fbem-9853	31	5	introduced	introduce	VERB
fbem-9853	31	6	,	,	PUNCT
fbem-9853	31	7	as	as	SCONJ
fbem-9853	31	8	shown	show	VERB
fbem-9853	31	9	in	in	ADP
fbem-9853	31	10	equation	equation	NOUN
fbem-9853	31	11	1	1	NUM
fbem-9853	31	12	.	.	PUNCT
fbem-9853	32	1	a	a	DET
fbem-9853	32	2	y	y	PROPN
fbem-9853	32	3	f	f	X
fbem-9853	32	4	y	y	PROPN
fbem-9853	32	5	f	f	PROPN
fbem-9853	32	6	y	y	PROPN
fbem-9853	32	7	⋯	⋯	PROPN
fbem-9853	32	8	f	f	PROPN
fbem-9853	32	9	y	y	PROPN
fbem-9853	32	10	μ	μ	PROPN
fbem-9853	32	11	t	t	PROPN
fbem-9853	32	12	s	s	PROPN
fbem-9853	32	13	1	1	NUM
fbem-9853	32	14	,	,	PUNCT
fbem-9853	32	15	…	…	PUNCT
fbem-9853	32	16	,	,	PUNCT
fbem-9853	32	17	n	n	CCONJ
fbem-9853	32	18	(	(	PUNCT
fbem-9853	32	19	1	1	NUM
fbem-9853	32	20	)	)	PUNCT
fbem-9853	32	21	where	where	SCONJ
fbem-9853	32	22	yt	yt	PROPN
fbem-9853	32	23	is	be	AUX
fbem-9853	32	24	a	a	DET
fbem-9853	32	25	k	k	PROPN
fbem-9853	32	26	×	×	ADJ
fbem-9853	32	27	1	1	NUM
fbem-9853	32	28	-	-	PUNCT
fbem-9853	32	29	dimensional	dimensional	ADJ
fbem-9853	32	30	vector	vector	NOUN
fbem-9853	32	31	,	,	PUNCT
fbem-9853	32	32	f1	f1	NOUN
fbem-9853	32	33	...	...	PUNCT
fbem-9853	32	34	fs	fs	PROPN
fbem-9853	32	35	for	for	ADP
fbem-9853	32	36	k	k	PROPN
fbem-9853	32	37	×	×	PROPN
fbem-9853	32	38	k	k	ADJ
fbem-9853	32	39	-	-	ADJ
fbem-9853	32	40	dimensional	dimensional	ADJ
fbem-9853	32	41	coefficient	coefficient	NOUN
fbem-9853	32	42	matrix	matrix	NOUN
fbem-9853	32	43	,	,	PUNCT
fbem-9853	32	44	disturbance	disturbance	NOUN
fbem-9853	32	45	term	term	NOUN
fbem-9853	32	46	μ	μ	PROPN
fbem-9853	32	47	t	t	PROPN
fbem-9853	32	48	is	be	AUX
fbem-9853	32	49	k	k	PROPN
fbem-9853	32	50	×	×	PROPN
fbem-9853	32	51	1	1	NUM
fbem-9853	32	52	-	-	PUNCT
fbem-9853	32	53	dimensional	dimensional	ADJ
fbem-9853	32	54	vector	vector	NOUN
fbem-9853	32	55	,	,	PUNCT
fbem-9853	32	56	coefficient	coefficient	NOUN
fbem-9853	32	57	matrix	matrix	NOUN
fbem-9853	32	58	a	a	DET
fbem-9853	32	59	and	and	CCONJ
fbem-9853	32	60	diagonal	diagonal	ADJ
fbem-9853	32	61	matrix	matrix	NOUN
fbem-9853	32	62	sigma	sigma	NOUN
fbem-9853	32	63	are	be	AUX
fbem-9853	32	64	shown	show	VERB
fbem-9853	32	65	in	in	ADP
fbem-9853	32	66	equation	equation	NOUN
fbem-9853	32	67	2	2	NUM
fbem-9853	32	68	:	:	SYM
fbem-9853	32	69	7	7	NUM
fbem-9853	32	70	a	a	DET
fbem-9853	32	71	1	1	NUM
fbem-9853	32	72	0	0	NUM
fbem-9853	32	73	α	α	NOUN
fbem-9853	32	74	1	1	NUM
fbem-9853	32	75	⋯	⋯	ADP
fbem-9853	32	76	0	0	NUM
fbem-9853	32	77	⋱	⋱	PUNCT
fbem-9853	32	78	⋮	⋮	NOUN
fbem-9853	32	79	⋮	⋮	NOUN
fbem-9853	32	80	⋱	⋱	PUNCT
fbem-9853	32	81	α	α	NOUN
fbem-9853	32	82	⋯	⋯	NOUN
fbem-9853	32	83	⋱	⋱	PUNCT
fbem-9853	32	84	0	0	NUM
fbem-9853	32	85	α	α	NOUN
fbem-9853	32	86	,	,	PUNCT
fbem-9853	32	87	1	1	NUM
fbem-9853	32	88	，	，	PROPN
fbem-9853	32	89	∑	∑	PROPN
fbem-9853	32	90	σ	σ	PROPN
fbem-9853	32	91	⋯	⋯	PROPN
fbem-9853	32	92	0	0	NUM
fbem-9853	32	93	⋮	⋮	NOUN
fbem-9853	32	94	⋱	⋱	PUNCT
fbem-9853	32	95	⋮	⋮	NOUN
fbem-9853	32	96	0	0	NUM
fbem-9853	33	1	⋯	⋯	PROPN
fbem-9853	33	2	σ	σ	PROPN
fbem-9853	33	3	(	(	PUNCT
fbem-9853	33	4	2	2	NUM
fbem-9853	33	5	)	)	PUNCT
fbem-9853	33	6	multiply	multiply	ADP
fbem-9853	33	7	both	both	DET
fbem-9853	33	8	sides	side	NOUN
fbem-9853	33	9	of	of	ADP
fbem-9853	33	10	a	a	PRON
fbem-9853	33	11	by	by	ADP
fbem-9853	33	12	matrix	matrix	NOUN
fbem-9853	33	13	a-1	a-1	NOUN
fbem-9853	33	14	,	,	PUNCT
fbem-9853	33	15	and	and	CCONJ
fbem-9853	33	16	simplify	simplify	ADJ
fbem-9853	33	17	equation	equation	NOUN
fbem-9853	33	18	1	1	NUM
fbem-9853	33	19	to	to	ADP
fbem-9853	33	20	equation	equation	NOUN
fbem-9853	33	21	3	3	NUM
fbem-9853	33	22	.	.	PUNCT
fbem-9853	33	23	𝑦	𝑦	PROPN
fbem-9853	33	24	𝐵	𝐵	PROPN
fbem-9853	33	25	𝑦	𝑦	PROPN
fbem-9853	33	26	⋯	⋯	PROPN
fbem-9853	33	27	𝐵	𝐵	PROPN
fbem-9853	33	28	𝑦	𝑦	PROPN
fbem-9853	33	29	𝐴	𝐴	PROPN
fbem-9853	33	30	∑ε	∑ε	PROPN
fbem-9853	33	31	,	,	PUNCT
fbem-9853	33	32	ε	ε	PROPN
fbem-9853	33	33	~𝑁	~𝑁	PUNCT
fbem-9853	33	34	0	0	NUM
fbem-9853	33	35	,	,	PUNCT
fbem-9853	33	36	𝐼	𝐼	PROPN
fbem-9853	33	37	(	(	PUNCT
fbem-9853	33	38	3	3	NUM
fbem-9853	33	39	)	)	PUNCT
fbem-9853	33	40	further	far	ADV
fbem-9853	33	41	collate	collate	ADJ
fbem-9853	33	42	equation	equation	NOUN
fbem-9853	33	43	3	3	NUM
fbem-9853	33	44	and	and	CCONJ
fbem-9853	33	45	introduce	introduce	VERB
fbem-9853	33	46	time	time	NOUN
fbem-9853	33	47	varying	vary	VERB
fbem-9853	33	48	parameters	parameter	NOUN
fbem-9853	33	49	to	to	PART
fbem-9853	33	50	obtain	obtain	VERB
fbem-9853	33	51	a	a	DET
fbem-9853	33	52	new	new	ADJ
fbem-9853	33	53	model	model	NOUN
fbem-9853	33	54	,	,	PUNCT
fbem-9853	33	55	as	as	SCONJ
fbem-9853	33	56	shown	show	VERB
fbem-9853	33	57	in	in	ADP
fbem-9853	33	58	equation	equation	NOUN
fbem-9853	33	59	4	4	NUM
fbem-9853	33	60	.	.	PUNCT
fbem-9853	34	1	y	y	PROPN
fbem-9853	34	2	x	x	PROPN
fbem-9853	34	3	β	β	VERB
fbem-9853	34	4	a	a	PROPN
fbem-9853	34	5	∑ε	∑ε	PROPN
fbem-9853	34	6	(	(	PUNCT
fbem-9853	34	7	4	4	X
fbem-9853	34	8	)	)	PUNCT
fbem-9853	34	9	it	it	PRON
fbem-9853	34	10	is	be	AUX
fbem-9853	34	11	assumed	assume	VERB
fbem-9853	34	12	that	that	SCONJ
fbem-9853	34	13	the	the	DET
fbem-9853	34	14	time	time	NOUN
fbem-9853	34	15	varying	vary	VERB
fbem-9853	34	16	parameters	parameter	NOUN
fbem-9853	34	17	obey	obey	VERB
fbem-9853	34	18	a	a	DET
fbem-9853	34	19	first	first	ADJ
fbem-9853	34	20	order	order	NOUN
fbem-9853	34	21	random	random	ADJ
fbem-9853	34	22	walk	walk	NOUN
fbem-9853	34	23	process	process	NOUN
fbem-9853	34	24	,	,	PUNCT
fbem-9853	34	25	as	as	SCONJ
fbem-9853	34	26	shown	show	VERB
fbem-9853	34	27	in	in	ADP
fbem-9853	34	28	equation	equation	NOUN
fbem-9853	34	29	5	5	NUM
fbem-9853	34	30	.	.	PUNCT
fbem-9853	35	1	β	β	NOUN
fbem-9853	35	2	β	β	PROPN
fbem-9853	35	3	μ	μ	PROPN
fbem-9853	35	4	α	α	PROPN
fbem-9853	35	5	α	α	PROPN
fbem-9853	35	6	μ	μ	NOUN
fbem-9853	35	7	h	h	NOUN
fbem-9853	35	8	h	h	PROPN
fbem-9853	36	1	μ	μ	PROPN
fbem-9853	36	2	ε	ε	PROPN
fbem-9853	36	3	μ	μ	PROPN
fbem-9853	36	4	μ	μ	PROPN
fbem-9853	36	5	μ	μ	PROPN
fbem-9853	36	6	~n	~n	NUM
fbem-9853	36	7	0	0	NUM
fbem-9853	36	8	,	,	PUNCT
fbem-9853	36	9	i	i	PRON
fbem-9853	36	10	0	0	NUM
fbem-9853	36	11	0	0	NUM
fbem-9853	36	12	∑	∑	SYM
fbem-9853	36	13	0	0	NUM
fbem-9853	36	14	0	0	NUM
fbem-9853	36	15	0	0	NUM
fbem-9853	36	16	0	0	NUM
fbem-9853	36	17	0	0	NUM
fbem-9853	36	18	0	0	NUM
fbem-9853	36	19	0	0	NUM
fbem-9853	36	20	0	0	NUM
fbem-9853	36	21	∑	∑	SYM
fbem-9853	36	22	0	0	NUM
fbem-9853	36	23	0	0	NUM
fbem-9853	36	24	∑	∑	PROPN
fbem-9853	36	25	，	，	PROPN
fbem-9853	36	26	(	(	PUNCT
fbem-9853	36	27	5	5	X
fbem-9853	36	28	)	)	PUNCT
fbem-9853	36	29	β	β	X
fbem-9853	36	30	~n	~n	NUM
fbem-9853	36	31	μ	μ	NOUN
fbem-9853	36	32	,	,	PUNCT
fbem-9853	36	33	∑	∑	PROPN
fbem-9853	36	34	，	，	PROPN
fbem-9853	36	35	α	α	X
fbem-9853	36	36	~n	~n	NUM
fbem-9853	36	37	μ	μ	NOUN
fbem-9853	36	38	,	,	PUNCT
fbem-9853	36	39	∑	∑	PUNCT
fbem-9853	36	40	，	，	SCONJ
fbem-9853	36	41	h	h	PROPN
fbem-9853	36	42	~n	~n	NUM
fbem-9853	36	43	μ	μ	PROPN
fbem-9853	36	44	,	,	PUNCT
fbem-9853	36	45	∑	∑	PROPN
fbem-9853	36	46	,	,	PUNCT
fbem-9853	36	47	t	t	PROPN
fbem-9853	36	48	s	s	PROPN
fbem-9853	36	49	1	1	NUM
fbem-9853	36	50	,	,	PUNCT
fbem-9853	36	51	…	…	PUNCT
fbem-9853	36	52	,	,	PUNCT
fbem-9853	36	53	n	n	CCONJ
fbem-9853	36	54	so	so	ADV
fbem-9853	36	55	far	far	ADV
fbem-9853	36	56	,	,	PUNCT
fbem-9853	36	57	the	the	DET
fbem-9853	36	58	model	model	NOUN
fbem-9853	36	59	has	have	AUX
fbem-9853	36	60	been	be	AUX
fbem-9853	36	61	deduced	deduce	VERB
fbem-9853	36	62	,	,	PUNCT
fbem-9853	36	63	and	and	CCONJ
fbem-9853	36	64	the	the	DET
fbem-9853	36	65	mcmc	mcmc	PROPN
fbem-9853	36	66	method	method	NOUN
fbem-9853	36	67	is	be	AUX
fbem-9853	36	68	used	use	VERB
fbem-9853	36	69	to	to	PART
fbem-9853	36	70	estimate	estimate	VERB
fbem-9853	36	71	the	the	DET
fbem-9853	36	72	posteriori	posteriori	NOUN
fbem-9853	36	73	distribution	distribution	NOUN
fbem-9853	36	74	of	of	ADP
fbem-9853	36	75	parameters	parameter	NOUN
fbem-9853	36	76	to	to	PART
fbem-9853	36	77	solve	solve	VERB
fbem-9853	36	78	the	the	DET
fbem-9853	36	79	error	error	NOUN
fbem-9853	36	80	of	of	ADP
fbem-9853	36	81	model	model	NOUN
fbem-9853	36	82	estimation	estimation	NOUN
fbem-9853	36	83	.	.	PUNCT
fbem-9853	37	1	2.2	2.2	NUM
fbem-9853	37	2	.	.	PUNCT
fbem-9853	37	3	variable	variable	ADJ
fbem-9853	37	4	selection	selection	NOUN
fbem-9853	37	5	and	and	CCONJ
fbem-9853	37	6	data	datum	NOUN
fbem-9853	37	7	sources	source	NOUN
fbem-9853	37	8	this	this	DET
fbem-9853	37	9	paper	paper	NOUN
fbem-9853	37	10	selects	select	VERB
fbem-9853	37	11	the	the	DET
fbem-9853	37	12	quarterly	quarterly	ADJ
fbem-9853	37	13	data	datum	NOUN
fbem-9853	37	14	from	from	ADP
fbem-9853	37	15	2012	2012	NUM
fbem-9853	37	16	-	-	SYM
fbem-9853	37	17	2022	2022	NUM
fbem-9853	37	18	as	as	ADP
fbem-9853	37	19	the	the	DET
fbem-9853	37	20	research	research	NOUN
fbem-9853	37	21	sample	sample	NOUN
fbem-9853	37	22	,	,	PUNCT
fbem-9853	37	23	which	which	PRON
fbem-9853	37	24	comes	come	VERB
fbem-9853	37	25	from	from	ADP
fbem-9853	37	26	wind	wind	NOUN
fbem-9853	37	27	database	database	NOUN
fbem-9853	37	28	and	and	CCONJ
fbem-9853	37	29	reset	reset	NOUN
fbem-9853	37	30	database	database	NOUN
fbem-9853	37	31	.	.	PUNCT
fbem-9853	38	1	select	select	ADJ
fbem-9853	38	2	short	short	ADJ
fbem-9853	38	3	-	-	PUNCT
fbem-9853	38	4	term	term	NOUN
fbem-9853	38	5	capital	capital	NOUN
fbem-9853	38	6	flows	flow	NOUN
fbem-9853	38	7	as	as	ADP
fbem-9853	38	8	the	the	DET
fbem-9853	38	9	proxy	proxy	ADJ
fbem-9853	38	10	variable	variable	NOUN
fbem-9853	38	11	of	of	ADP
fbem-9853	38	12	capital	capital	NOUN
fbem-9853	38	13	account	account	NOUN
fbem-9853	38	14	opening	opening	NOUN
fbem-9853	38	15	,	,	PUNCT
fbem-9853	38	16	and	and	CCONJ
fbem-9853	38	17	refer	refer	VERB
fbem-9853	38	18	to	to	ADP
fbem-9853	38	19	hu	hu	PROPN
fbem-9853	38	20	yiwen	yiwen	PROPN
fbem-9853	38	21	's	's	PART
fbem-9853	38	22	research	research	NOUN
fbem-9853	38	23	for	for	ADP
fbem-9853	38	24	specific	specific	ADJ
fbem-9853	38	25	methods	method	NOUN
fbem-9853	38	26	[	[	X
fbem-9853	38	27	14	14	NUM
fbem-9853	38	28	]	]	X
fbem-9853	38	29	;	;	PUNCT
fbem-9853	38	30	select	select	PROPN
fbem-9853	38	31	rmb	rmb	PROPN
fbem-9853	38	32	cross	cross	ADJ
fbem-9853	38	33	-	-	ADJ
fbem-9853	38	34	border	border	ADJ
fbem-9853	38	35	settlement	settlement	NOUN
fbem-9853	38	36	as	as	ADP
fbem-9853	38	37	the	the	DET
fbem-9853	38	38	proxy	proxy	ADJ
fbem-9853	38	39	variable	variable	NOUN
fbem-9853	38	40	of	of	ADP
fbem-9853	38	41	rmb	rmb	NOUN
fbem-9853	38	42	internationalization	internationalization	NOUN
fbem-9853	38	43	;	;	PUNCT
fbem-9853	38	44	the	the	DET
fbem-9853	38	45	construction	construction	NOUN
fbem-9853	38	46	of	of	ADP
fbem-9853	38	47	systemic	systemic	ADJ
fbem-9853	38	48	financial	financial	ADJ
fbem-9853	38	49	risk	risk	NOUN
fbem-9853	38	50	index	index	NOUN
fbem-9853	38	51	pool	pool	NOUN
fbem-9853	38	52	refers	refer	VERB
fbem-9853	38	53	to	to	ADP
fbem-9853	38	54	guo	guo	PROPN
fbem-9853	38	55	na	na	PROPN
fbem-9853	38	56	's	's	PART
fbem-9853	38	57	research	research	NOUN
fbem-9853	38	58	[	[	X
fbem-9853	38	59	15	15	NUM
fbem-9853	38	60	]	]	PUNCT
fbem-9853	38	61	,	,	PUNCT
fbem-9853	38	62	and	and	CCONJ
fbem-9853	38	63	the	the	DET
fbem-9853	38	64	details	detail	NOUN
fbem-9853	38	65	are	be	AUX
fbem-9853	38	66	shown	show	VERB
fbem-9853	38	67	in	in	ADP
fbem-9853	38	68	table	table	NOUN
fbem-9853	38	69	1	1	NUM
fbem-9853	38	70	.	.	PUNCT
fbem-9853	38	71	table	table	NOUN
fbem-9853	38	72	1	1	NUM
fbem-9853	38	73	.	.	PUNCT
fbem-9853	39	1	systemic	systemic	ADJ
fbem-9853	39	2	financial	financial	ADJ
fbem-9853	39	3	risk	risk	NOUN
fbem-9853	39	4	indicator	indicator	NOUN
fbem-9853	39	5	pool	pool	NOUN
fbem-9853	39	6	primary	primary	ADJ
fbem-9853	39	7	indicators	indicator	NOUN
fbem-9853	39	8	secondary	secondary	ADJ
fbem-9853	39	9	indicators	indicator	NOUN
fbem-9853	39	10	indicator	indicator	NOUN
fbem-9853	39	11	significance	significance	NOUN
fbem-9853	39	12	relationship	relationship	NOUN
fbem-9853	39	13	to	to	PART
fbem-9853	39	14	risk	risk	VERB
fbem-9853	39	15	macroeconomic	macroeconomic	ADJ
fbem-9853	39	16	risks	risk	NOUN
fbem-9853	39	17	(	(	PUNCT
fbem-9853	39	18	marco	marco	NOUN
fbem-9853	39	19	)	)	PUNCT
fbem-9853	39	20	gdpgrowth	gdpgrowth	NOUN
fbem-9853	39	21	rate	rate	NOUN
fbem-9853	39	22	a	a	DET
fbem-9853	39	23	country	country	NOUN
fbem-9853	39	24	's	's	PART
fbem-9853	39	25	overall	overall	ADJ
fbem-9853	39	26	economic	economic	ADJ
fbem-9853	39	27	situation	situation	NOUN
fbem-9853	39	28	n	n	PRON
fbem-9853	39	29	deficit	deficit	NOUN
fbem-9853	39	30	growth	growth	NOUN
fbem-9853	39	31	rate	rate	NOUN
fbem-9853	39	32	deficit	deficit	NOUN
fbem-9853	39	33	growth	growth	NOUN
fbem-9853	39	34	weakens	weaken	VERB
fbem-9853	39	35	resilience	resilience	NOUN
fbem-9853	39	36	p	p	NOUN
fbem-9853	39	37	cpigrowth	cpigrowth	ADJ
fbem-9853	39	38	rate	rate	NOUN
fbem-9853	39	39	inflation	inflation	NOUN
fbem-9853	39	40	n	n	PRON
fbem-9853	39	41	growth	growth	NOUN
fbem-9853	39	42	rate	rate	NOUN
fbem-9853	39	43	of	of	ADP
fbem-9853	39	44	industrial	industrial	ADJ
fbem-9853	39	45	added	add	VERB
fbem-9853	39	46	value	value	NOUN
fbem-9853	39	47	marginal	marginal	ADJ
fbem-9853	39	48	contribution	contribution	NOUN
fbem-9853	39	49	of	of	ADP
fbem-9853	39	50	industrial	industrial	ADJ
fbem-9853	39	51	production	production	NOUN
fbem-9853	39	52	n	n	PRON
fbem-9853	39	53	growth	growth	NOUN
fbem-9853	39	54	rate	rate	NOUN
fbem-9853	39	55	of	of	ADP
fbem-9853	39	56	fixed	fix	VERB
fbem-9853	39	57	assets	asset	NOUN
fbem-9853	39	58	investment	investment	NOUN
fbem-9853	39	59	marginal	marginal	ADJ
fbem-9853	39	60	contribution	contribution	NOUN
fbem-9853	39	61	of	of	ADP
fbem-9853	39	62	fixed	fix	VERB
fbem-9853	39	63	asset	asset	NOUN
fbem-9853	39	64	reproduction	reproduction	NOUN
fbem-9853	39	65	n	n	PRON
fbem-9853	39	66	currency	currency	NOUN
fbem-9853	39	67	liquidity	liquidity	NOUN
fbem-9853	39	68	risk	risk	NOUN
fbem-9853	39	69	(	(	PUNCT
fbem-9853	39	70	cir	cir	NOUN
fbem-9853	39	71	)	)	PUNCT
fbem-9853	39	72	quasi	quasi	NOUN
fbem-9853	39	73	monetary	monetary	ADJ
fbem-9853	39	74	growth	growth	NOUN
fbem-9853	39	75	rate	rate	NOUN
fbem-9853	39	76	potential	potential	ADJ
fbem-9853	39	77	purchasing	purchasing	NOUN
fbem-9853	39	78	power	power	NOUN
fbem-9853	39	79	growth	growth	NOUN
fbem-9853	39	80	n	n	CCONJ
fbem-9853	39	81	one	one	NUM
fbem-9853	39	82	-	-	PUNCT
fbem-9853	39	83	year	year	NOUN
fbem-9853	39	84	time	time	NOUN
fbem-9853	39	85	deposit	deposit	NOUN
fbem-9853	39	86	rate	rate	NOUN
fbem-9853	39	87	supply	supply	NOUN
fbem-9853	39	88	and	and	CCONJ
fbem-9853	39	89	demand	demand	NOUN
fbem-9853	39	90	of	of	ADP
fbem-9853	39	91	short	short	ADJ
fbem-9853	39	92	-	-	PUNCT
fbem-9853	39	93	term	term	NOUN
fbem-9853	39	94	funds	fund	NOUN
fbem-9853	39	95	in	in	ADP
fbem-9853	39	96	financial	financial	ADJ
fbem-9853	39	97	markets	market	NOUN
fbem-9853	39	98	p	p	NOUN
fbem-9853	39	99	benchmark	benchmark	NOUN
fbem-9853	39	100	one	one	NUM
fbem-9853	39	101	-	-	PUNCT
fbem-9853	39	102	year	year	NOUN
fbem-9853	39	103	lending	lending	NOUN
fbem-9853	39	104	rate	rate	NOUN
fbem-9853	39	105	profit	profit	NOUN
fbem-9853	39	106	distribution	distribution	NOUN
fbem-9853	39	107	relationship	relationship	NOUN
fbem-9853	39	108	between	between	ADP
fbem-9853	39	109	enterprises	enterprise	NOUN
fbem-9853	39	110	and	and	CCONJ
fbem-9853	39	111	banks	bank	NOUN
fbem-9853	39	112	p	p	NOUN
fbem-9853	39	113	loan	loan	NOUN
fbem-9853	39	114	growth	growth	NOUN
fbem-9853	39	115	increased	increase	VERB
fbem-9853	39	116	lending	lending	NOUN
fbem-9853	39	117	could	could	AUX
fbem-9853	39	118	lead	lead	VERB
fbem-9853	39	119	to	to	ADP
fbem-9853	39	120	bad	bad	ADJ
fbem-9853	39	121	debts	debt	NOUN
fbem-9853	39	122	p	p	NOUN
fbem-9853	39	123	interbank	interbank	NOUN
fbem-9853	39	124	offered	offer	VERB
fbem-9853	39	125	rate	rate	NOUN
fbem-9853	39	126	short	short	ADJ
fbem-9853	39	127	-	-	PUNCT
fbem-9853	39	128	term	term	NOUN
fbem-9853	39	129	supply	supply	NOUN
fbem-9853	39	130	and	and	CCONJ
fbem-9853	39	131	demand	demand	NOUN
fbem-9853	39	132	of	of	ADP
fbem-9853	39	133	funds	fund	NOUN
fbem-9853	39	134	in	in	ADP
fbem-9853	39	135	financial	financial	ADJ
fbem-9853	39	136	markets	market	NOUN
fbem-9853	39	137	p	p	NOUN
fbem-9853	39	138	m2growth	m2growth	NOUN
fbem-9853	39	139	rate	rate	NOUN
fbem-9853	39	140	changes	change	NOUN
fbem-9853	39	141	in	in	ADP
fbem-9853	39	142	purchasing	purchase	VERB
fbem-9853	39	143	power	power	NOUN
fbem-9853	39	144	levels	level	NOUN
fbem-9853	39	145	n	n	CCONJ
fbem-9853	39	146	external	external	ADJ
fbem-9853	39	147	market	market	NOUN
fbem-9853	39	148	risk	risk	NOUN
fbem-9853	39	149	(	(	PUNCT
fbem-9853	39	150	ext	ext	NOUN
fbem-9853	39	151	)	)	PUNCT
fbem-9853	39	152	foreign	foreign	ADJ
fbem-9853	39	153	direct	direct	ADJ
fbem-9853	39	154	investmentgrowth	investmentgrowth	NOUN
fbem-9853	39	155	rate	rate	NOUN
fbem-9853	39	156	increase	increase	NOUN
fbem-9853	39	157	investment	investment	NOUN
fbem-9853	39	158	and	and	CCONJ
fbem-9853	39	159	strengthen	strengthen	VERB
fbem-9853	39	160	risk	risk	NOUN
fbem-9853	39	161	resilience	resilience	NOUN
fbem-9853	39	162	n	n	PRON
fbem-9853	39	163	import	import	NOUN
fbem-9853	39	164	growth	growth	NOUN
fbem-9853	39	165	increased	increase	VERB
fbem-9853	39	166	imports	import	NOUN
fbem-9853	39	167	stimulate	stimulate	VERB
fbem-9853	39	168	foreign	foreign	ADJ
fbem-9853	39	169	trade	trade	NOUN
fbem-9853	39	170	n	n	DET
fbem-9853	39	171	real	real	ADJ
fbem-9853	39	172	effective	effective	ADJ
fbem-9853	39	173	exchange	exchange	NOUN
fbem-9853	39	174	rate	rate	NOUN
fbem-9853	39	175	index	index	NOUN
fbem-9853	39	176	the	the	DET
fbem-9853	39	177	international	international	ADJ
fbem-9853	39	178	value	value	NOUN
fbem-9853	39	179	of	of	ADP
fbem-9853	39	180	a	a	DET
fbem-9853	39	181	country	country	NOUN
fbem-9853	39	182	's	's	PART
fbem-9853	39	183	currency	currency	NOUN
fbem-9853	39	184	p	p	NOUN
fbem-9853	39	185	growth	growth	NOUN
fbem-9853	39	186	rate	rate	NOUN
fbem-9853	39	187	of	of	ADP
fbem-9853	39	188	foreign	foreign	ADJ
fbem-9853	39	189	exchange	exchange	NOUN
fbem-9853	39	190	reserves	reserve	NOUN
fbem-9853	39	191	increase	increase	VERB
fbem-9853	39	192	reserves	reserve	NOUN
fbem-9853	39	193	and	and	CCONJ
fbem-9853	39	194	strengthen	strengthen	VERB
fbem-9853	39	195	risk	risk	NOUN
fbem-9853	39	196	prevention	prevention	NOUN
fbem-9853	39	197	n	n	CCONJ
fbem-9853	39	198	export	export	NOUN
fbem-9853	39	199	growth	growth	NOUN
fbem-9853	39	200	increased	increase	VERB
fbem-9853	39	201	exports	export	NOUN
fbem-9853	39	202	drive	drive	VERB
fbem-9853	39	203	trade	trade	NOUN
fbem-9853	39	204	spillover	spillover	VERB
fbem-9853	39	205	n	n	DET
fbem-9853	39	206	balance	balance	NOUN
fbem-9853	39	207	of	of	ADP
fbem-9853	39	208	payments	payment	NOUN
fbem-9853	39	209	capital	capital	NOUN
fbem-9853	39	210	flows	flow	NOUN
fbem-9853	39	211	as	as	ADP
fbem-9853	39	212	a	a	DET
fbem-9853	39	213	share	share	NOUN
fbem-9853	39	214	of	of	ADP
fbem-9853	39	215	international	international	ADJ
fbem-9853	39	216	trade	trade	NOUN
fbem-9853	39	217	n	n	CCONJ
fbem-9853	39	218	asset	asset	NOUN
fbem-9853	39	219	bubble	bubble	NOUN
fbem-9853	39	220	risk	risk	NOUN
fbem-9853	39	221	(	(	PUNCT
fbem-9853	39	222	bub	bub	NOUN
fbem-9853	39	223	)	)	PUNCT
fbem-9853	39	224	shanghai	shanghai	PROPN
fbem-9853	39	225	composite	composite	ADJ
fbem-9853	39	226	index	index	NOUN
fbem-9853	39	227	quarterly	quarterly	ADJ
fbem-9853	39	228	yield	yield	NOUN
fbem-9853	39	229	stock	stock	NOUN
fbem-9853	39	230	market	market	NOUN
fbem-9853	39	231	return	return	NOUN
fbem-9853	39	232	on	on	ADP
fbem-9853	39	233	investment	investment	NOUN
fbem-9853	39	234	p	p	NOUN
fbem-9853	39	235	average	average	ADJ
fbem-9853	39	236	p	p	X
fbem-9853	39	237	/	/	SYM
fbem-9853	39	238	e	e	NOUN
fbem-9853	39	239	ratio	ratio	NOUN
fbem-9853	39	240	of	of	ADP
fbem-9853	39	241	shanghai	shanghai	PROPN
fbem-9853	39	242	stock	stock	PROPN
fbem-9853	39	243	exchange	exchange	PROPN
fbem-9853	39	244	market	market	NOUN
fbem-9853	39	245	to	to	ADP
fbem-9853	39	246	earnings	earning	NOUN
fbem-9853	39	247	ratio	ratio	NOUN
fbem-9853	39	248	p	p	PROPN
fbem-9853	39	249	shenzhen	shenzhen	PROPN
fbem-9853	39	250	index	index	PROPN
fbem-9853	39	251	yield	yield	VERB
fbem-9853	39	252	stock	stock	NOUN
fbem-9853	39	253	market	market	NOUN
fbem-9853	39	254	return	return	NOUN
fbem-9853	39	255	on	on	ADP
fbem-9853	39	256	investment	investment	NOUN
fbem-9853	39	257	ratio	ratio	NOUN
fbem-9853	39	258	p	p	PROPN
fbem-9853	39	259	shenzhen	shenzhen	PROPN
fbem-9853	39	260	average	average	PROPN
fbem-9853	39	261	p	p	PROPN
fbem-9853	39	262	/	/	SYM
fbem-9853	39	263	e	e	NOUN
fbem-9853	39	264	ratio	ratio	NOUN
fbem-9853	39	265	market	market	NOUN
fbem-9853	39	266	to	to	ADP
fbem-9853	39	267	earnings	earning	NOUN
fbem-9853	39	268	ratio	ratio	NOUN
fbem-9853	39	269	p	p	NOUN
fbem-9853	39	270	growth	growth	NOUN
fbem-9853	39	271	rate	rate	NOUN
fbem-9853	39	272	of	of	ADP
fbem-9853	39	273	real	real	ADJ
fbem-9853	39	274	estate	estate	NOUN
fbem-9853	39	275	investment	investment	NOUN
fbem-9853	39	276	investment	investment	NOUN
fbem-9853	39	277	situation	situation	NOUN
fbem-9853	39	278	of	of	ADP
fbem-9853	39	279	real	real	ADJ
fbem-9853	39	280	estate	estate	NOUN
fbem-9853	39	281	industry	industry	NOUN
fbem-9853	39	282	n	n	CCONJ
fbem-9853	39	283	residential	residential	ADJ
fbem-9853	39	284	price	price	NOUN
fbem-9853	39	285	growth	growth	NOUN
fbem-9853	39	286	real	real	ADJ
fbem-9853	39	287	estate	estate	NOUN
fbem-9853	39	288	market	market	NOUN
fbem-9853	39	289	price	price	NOUN
fbem-9853	39	290	level	level	NOUN
fbem-9853	39	291	p	p	NOUN
fbem-9853	39	292	3	3	NUM
fbem-9853	39	293	.	.	PUNCT
fbem-9853	39	294	empirical	empirical	ADJ
fbem-9853	39	295	analysis	analysis	NOUN
fbem-9853	39	296	this	this	DET
fbem-9853	39	297	paper	paper	NOUN
fbem-9853	39	298	uses	use	VERB
fbem-9853	39	299	tvp	tvp	PROPN
fbem-9853	39	300	-	-	PUNCT
fbem-9853	39	301	var	var	NOUN
fbem-9853	39	302	model	model	NOUN
fbem-9853	39	303	to	to	PART
fbem-9853	39	304	examine	examine	VERB
fbem-9853	39	305	the	the	DET
fbem-9853	39	306	dynamic	dynamic	ADJ
fbem-9853	39	307	time	time	NOUN
fbem-9853	39	308	varying	vary	VERB
fbem-9853	39	309	relationship	relationship	NOUN
fbem-9853	39	310	between	between	ADP
fbem-9853	39	311	capital	capital	NOUN
fbem-9853	39	312	account	account	NOUN
fbem-9853	39	313	opening	opening	NOUN
fbem-9853	39	314	and	and	CCONJ
fbem-9853	39	315	rmb	rmb	NOUN
fbem-9853	39	316	internationalization	internationalization	NOUN
fbem-9853	39	317	,	,	PUNCT
fbem-9853	39	318	further	further	ADJ
fbem-9853	39	319	studies	study	NOUN
fbem-9853	39	320	the	the	DET
fbem-9853	39	321	systemic	systemic	ADJ
fbem-9853	39	322	financial	financial	ADJ
fbem-9853	39	323	risk	risk	NOUN
fbem-9853	39	324	transmission	transmission	NOUN
fbem-9853	39	325	mechanism	mechanism	NOUN
fbem-9853	39	326	of	of	ADP
fbem-9853	39	327	capital	capital	NOUN
fbem-9853	39	328	account	account	NOUN
fbem-9853	39	329	opening	opening	NOUN
fbem-9853	39	330	affecting	affect	VERB
fbem-9853	39	331	rmb	rmb	NOUN
fbem-9853	39	332	internationalization	internationalization	NOUN
fbem-9853	39	333	,	,	PUNCT
fbem-9853	39	334	and	and	CCONJ
fbem-9853	39	335	captures	capture	VERB
fbem-9853	39	336	the	the	DET
fbem-9853	39	337	time	time	NOUN
fbem-9853	39	338	varying	vary	VERB
fbem-9853	39	339	and	and	CCONJ
fbem-9853	39	340	structural	structural	ADJ
fbem-9853	39	341	mutation	mutation	NOUN
fbem-9853	39	342	characteristics	characteristic	NOUN
fbem-9853	39	343	between	between	ADP
fbem-9853	39	344	variables	variable	NOUN
fbem-9853	39	345	.	.	PUNCT
fbem-9853	40	1	3.1	3.1	NUM
fbem-9853	40	2	.	.	PUNCT
fbem-9853	40	3	stability	stability	NOUN
fbem-9853	40	4	test	test	NOUN
fbem-9853	40	5	and	and	CCONJ
fbem-9853	40	6	parameter	parameter	NOUN
fbem-9853	40	7	estimation	estimation	NOUN
fbem-9853	40	8	in	in	ADP
fbem-9853	40	9	order	order	NOUN
fbem-9853	40	10	to	to	PART
fbem-9853	40	11	ensure	ensure	VERB
fbem-9853	40	12	the	the	DET
fbem-9853	40	13	stability	stability	NOUN
fbem-9853	40	14	of	of	ADP
fbem-9853	40	15	the	the	DET
fbem-9853	40	16	data	datum	NOUN
fbem-9853	40	17	,	,	PUNCT
fbem-9853	40	18	the	the	DET
fbem-9853	40	19	original	original	ADJ
fbem-9853	40	20	variables	variable	NOUN
fbem-9853	40	21	are	be	AUX
fbem-9853	40	22	differentially	differentially	ADV
fbem-9853	40	23	processed	process	VERB
fbem-9853	40	24	to	to	PART
fbem-9853	40	25	obtain	obtain	VERB
fbem-9853	40	26	a	a	DET
fbem-9853	40	27	stable	stable	ADJ
fbem-9853	40	28	time	time	NOUN
fbem-9853	40	29	series	series	NOUN
fbem-9853	40	30	,	,	PUNCT
fbem-9853	40	31	and	and	CCONJ
fbem-9853	40	32	the	the	DET
fbem-9853	40	33	results	result	NOUN
fbem-9853	40	34	are	be	AUX
fbem-9853	40	35	shown	show	VERB
fbem-9853	40	36	in	in	ADP
fbem-9853	40	37	table	table	NOUN
fbem-9853	40	38	2	2	NUM
fbem-9853	40	39	.	.	SYM
fbem-9853	40	40	8	8	NUM
fbem-9853	40	41	table	table	NOUN
fbem-9853	40	42	2	2	NUM
fbem-9853	40	43	.	.	PUNCT
fbem-9853	40	44	adf	adf	NOUN
fbem-9853	40	45	test	test	NOUN
fbem-9853	40	46	results	result	VERB
fbem-9853	40	47	variable	variable	ADJ
fbem-9853	40	48	mean	mean	NOUN
fbem-9853	40	49	value	value	NOUN
fbem-9853	40	50	standard	standard	ADJ
fbem-9853	40	51	deviation	deviation	NOUN
fbem-9853	40	52	minimum	minimum	NOUN
fbem-9853	40	53	value	value	NOUN
fbem-9853	40	54	max	max	PROPN
fbem-9853	40	55	adfstatistic	adfstatistic	PROPN
fbem-9853	40	56	inspection	inspection	NOUN
fbem-9853	40	57	results	result	VERB
fbem-9853	40	58	cao	cao	PROPN
fbem-9853	41	1	6.285	6.285	NUM
fbem-9853	41	2	0.707	0.707	NUM
fbem-9853	41	3	4.461	4.461	NUM
fbem-9853	41	4	7.446	7.446	NUM
fbem-9853	41	5	-2.591	-2.591	SYM
fbem-9853	41	6	erratic	erratic	ADJ
fbem-9853	41	7	△	△	X
fbem-9853	41	8	cao	cao	PROPN
fbem-9853	41	9	0.046	0.046	NUM
fbem-9853	41	10	0.601	0.601	NUM
fbem-9853	41	11	-1.608	-1.608	PUNCT
fbem-9853	41	12	1.027	1.027	NUM
fbem-9853	41	13	-6.600	-6.600	NOUN
fbem-9853	41	14	*	*	PUNCT
fbem-9853	41	15	*	*	PUNCT
fbem-9853	41	16	*	*	PUNCT
fbem-9853	41	17	stable	stable	ADJ
fbem-9853	41	18	marco	marco	PROPN
fbem-9853	41	19	3.724	3.724	NUM
fbem-9853	41	20	0.216	0.216	NUM
fbem-9853	41	21	3.064	3.064	NUM
fbem-9853	41	22	4.025	4.025	NUM
fbem-9853	41	23	-3.493	-3.493	NUM
fbem-9853	41	24	erratic	erratic	ADJ
fbem-9853	41	25	△	△	PROPN
fbem-9853	41	26	marco	marco	PROPN
fbem-9853	41	27	0.018	0.018	NUM
fbem-9853	41	28	0.125	0.125	NUM
fbem-9853	41	29	-0.242	-0.242	PUNCT
fbem-9853	41	30	0.479	0.479	NUM
fbem-9853	41	31	-12.387	-12.387	NOUN
fbem-9853	41	32	*	*	NOUN
fbem-9853	41	33	*	*	PUNCT
fbem-9853	41	34	*	*	PUNCT
fbem-9853	41	35	stable	stable	ADJ
fbem-9853	41	36	cir	cir	NOUN
fbem-9853	41	37	1.107	1.107	NUM
fbem-9853	41	38	0.211	0.211	NUM
fbem-9853	41	39	0.737	0.737	NUM
fbem-9853	41	40	1.457	1.457	NUM
fbem-9853	41	41	-2.750	-2.750	NUM
fbem-9853	41	42	erratic	erratic	ADJ
fbem-9853	41	43	△	△	X
fbem-9853	41	44	cir	cir	NOUN
fbem-9853	41	45	-0.128	-0.128	PUNCT
fbem-9853	41	46	0.134	0.134	NUM
fbem-9853	41	47	-0.514	-0.514	SYM
fbem-9853	41	48	0.348	0.348	NUM
fbem-9853	41	49	-4	-4	NOUN
fbem-9853	41	50	.	.	PUNCT
fbem-9853	42	1	254	254	NUM
fbem-9853	42	2	*	*	PUNCT
fbem-9853	42	3	*	*	PUNCT
fbem-9853	42	4	*	*	PUNCT
fbem-9853	42	5	stable	stable	ADJ
fbem-9853	42	6	ext	ext	VERB
fbem-9853	42	7	1.569	1.569	NUM
fbem-9853	42	8	0.011	0.011	NUM
fbem-9853	42	9	1.544	1.544	NUM
fbem-9853	42	10	1.585	1.585	NUM
fbem-9853	42	11	-1.858	-1.858	NOUN
fbem-9853	42	12	erratic	erratic	ADJ
fbem-9853	42	13	△	△	X
fbem-9853	42	14	ext	ext	NOUN
fbem-9853	42	15	0.002	0.002	NUM
fbem-9853	42	16	0.006	0.006	NUM
fbem-9853	42	17	-0.024	-0.024	PUNCT
fbem-9853	42	18	0.012	0.012	NUM
fbem-9853	42	19	-4.570	-4.570	NOUN
fbem-9853	42	20	*	*	PUNCT
fbem-9853	42	21	*	*	PUNCT
fbem-9853	42	22	*	*	PUNCT
fbem-9853	42	23	stable	stable	ADJ
fbem-9853	42	24	bub	bub	NOUN
fbem-9853	42	25	3.673	3.673	NUM
fbem-9853	42	26	0.507	0.507	NUM
fbem-9853	42	27	2.960	2.960	NUM
fbem-9853	42	28	4.784	4.784	NUM
fbem-9853	42	29	-2.376	-2.376	NUM
fbem-9853	42	30	erratic	erratic	ADJ
fbem-9853	42	31	△	△	X
fbem-9853	42	32	bub	bub	NOUN
fbem-9853	42	33	0.007	0.007	NUM
fbem-9853	42	34	0.235	0.235	NUM
fbem-9853	42	35	-0.449	-0.449	NOUN
fbem-9853	42	36	0.591	0.591	NUM
fbem-9853	42	37	-4.657	-4.657	X
fbem-9853	42	38	*	*	PUNCT
fbem-9853	42	39	*	*	PUNCT
fbem-9853	42	40	*	*	PUNCT
fbem-9853	42	41	stable	stable	ADJ
fbem-9853	42	42	rcbs	rcbs	PROPN
fbem-9853	42	43	5.556	5.556	NUM
fbem-9853	42	44	0.262	0.262	NUM
fbem-9853	42	45	4.744	4.744	NUM
fbem-9853	42	46	5.841	5.841	NUM
fbem-9853	42	47	-1.037	-1.037	SYM
fbem-9853	42	48	erratic	erratic	ADJ
fbem-9853	42	49	△	△	PUNCT
fbem-9853	42	50	rcbs	rcbs	PROPN
fbem-9853	42	51	0.025	0.025	NUM
fbem-9853	42	52	0.076	0.076	NUM
fbem-9853	42	53	-0.122	-0.122	NUM
fbem-9853	42	54	0.258	0.258	NUM
fbem-9853	42	55	-4.793	-4.793	NOUN
fbem-9853	42	56	*	*	PUNCT
fbem-9853	42	57	*	*	PUNCT
fbem-9853	42	58	*	*	PUNCT
fbem-9853	42	59	stable	stable	ADJ
fbem-9853	42	60	as	as	SCONJ
fbem-9853	42	61	can	can	AUX
fbem-9853	42	62	be	be	AUX
fbem-9853	42	63	seen	see	VERB
fbem-9853	42	64	from	from	ADP
fbem-9853	42	65	table	table	NOUN
fbem-9853	42	66	1	1	NUM
fbem-9853	42	67	,	,	PUNCT
fbem-9853	42	68	all	all	DET
fbem-9853	42	69	variables	variable	NOUN
fbem-9853	42	70	are	be	AUX
fbem-9853	42	71	first	first	ADJ
fbem-9853	42	72	order	order	NOUN
fbem-9853	42	73	simple	simple	ADJ
fbem-9853	42	74	integers	integer	NOUN
fbem-9853	42	75	,	,	PUNCT
fbem-9853	42	76	which	which	PRON
fbem-9853	42	77	meet	meet	VERB
fbem-9853	42	78	the	the	DET
fbem-9853	42	79	premise	premise	NOUN
fbem-9853	42	80	of	of	ADP
fbem-9853	42	81	follow	follow	VERB
fbem-9853	42	82	-	-	PUNCT
fbem-9853	42	83	up	up	ADP
fbem-9853	42	84	research	research	NOUN
fbem-9853	42	85	.	.	PUNCT
fbem-9853	43	1	the	the	DET
fbem-9853	43	2	tvp	tvp	PROPN
fbem-9853	43	3	-	-	PUNCT
fbem-9853	43	4	var	var	NOUN
fbem-9853	43	5	model	model	NOUN
fbem-9853	43	6	is	be	AUX
fbem-9853	43	7	constructed	construct	VERB
fbem-9853	43	8	by	by	ADP
fbem-9853	43	9	oxmetrics	oxmetric	NOUN
fbem-9853	43	10	software	software	NOUN
fbem-9853	43	11	,	,	PUNCT
fbem-9853	43	12	and	and	CCONJ
fbem-9853	43	13	the	the	DET
fbem-9853	43	14	second	second	ADJ
fbem-9853	43	15	order	order	NOUN
fbem-9853	43	16	lag	lag	NOUN
fbem-9853	43	17	is	be	AUX
fbem-9853	43	18	selected	select	VERB
fbem-9853	43	19	for	for	ADP
fbem-9853	43	20	2000	2000	NUM
fbem-9853	43	21	mcmc	mcmc	PROPN
fbem-9853	43	22	simulation	simulation	PROPN
fbem-9853	43	23	iterations	iteration	NOUN
fbem-9853	43	24	.	.	PUNCT
fbem-9853	44	1	the	the	DET
fbem-9853	44	2	parameter	parameter	PROPN
fbem-9853	44	3	estimation	estimation	NOUN
fbem-9853	44	4	results	result	NOUN
fbem-9853	44	5	are	be	AUX
fbem-9853	44	6	shown	show	VERB
fbem-9853	44	7	in	in	ADP
fbem-9853	44	8	table	table	NOUN
fbem-9853	44	9	3	3	NUM
fbem-9853	44	10	and	and	CCONJ
fbem-9853	44	11	figure	figure	VERB
fbem-9853	44	12	1	1	NUM
fbem-9853	44	13	.	.	PUNCT
fbem-9853	44	14	table	table	NOUN
fbem-9853	44	15	3	3	NUM
fbem-9853	44	16	.	.	PUNCT
fbem-9853	44	17	parameter	parameter	PROPN
fbem-9853	44	18	estimation	estimation	NOUN
fbem-9853	44	19	results	result	NOUN
fbem-9853	44	20	parameter	parameter	NOUN
fbem-9853	44	21	mean	mean	NOUN
fbem-9853	44	22	value	value	NOUN
fbem-9853	44	23	standard	standard	ADJ
fbem-9853	44	24	deviation	deviation	NOUN
fbem-9853	44	25	95	95	NUM
fbem-9853	44	26	%	%	NOUN
fbem-9853	44	27	confidence	confidence	NOUN
fbem-9853	44	28	interval	interval	NOUN
fbem-9853	44	29	geweke	geweke	NOUN
fbem-9853	44	30	invalidity	invalidity	NOUN
fbem-9853	44	31	factor	factor	NOUN
fbem-9853	44	32	sb1	sb1	NOUN
fbem-9853	45	1	0.0227	0.0227	NUM
fbem-9853	45	2	0.0027	0.0027	NUM
fbem-9853	46	1	[	[	X
fbem-9853	46	2	0.0183	0.0183	NUM
fbem-9853	46	3	,	,	PUNCT
fbem-9853	46	4	0.0286	0.0286	NUM
fbem-9853	46	5	]	]	PUNCT
fbem-9853	46	6	0.816	0.816	NUM
fbem-9853	46	7	3.27	3.27	NUM
fbem-9853	46	8	sb2	sb2	NOUN
fbem-9853	46	9	0.0229	0.0229	NUM
fbem-9853	47	1	0.0027	0.0027	NUM
fbem-9853	48	1	[	[	X
fbem-9853	48	2	0.0183	0.0183	NUM
fbem-9853	48	3	,	,	PUNCT
fbem-9853	48	4	0.0288	0.0288	NUM
fbem-9853	48	5	]	]	PUNCT
fbem-9853	48	6	0.675	0.675	NUM
fbem-9853	48	7	5.87	5.87	NUM
fbem-9853	48	8	sa1	sa1	NOUN
fbem-9853	48	9	0.0981	0.0981	NUM
fbem-9853	48	10	0.0547	0.0547	NUM
fbem-9853	49	1	[	[	X
fbem-9853	49	2	0.0449	0.0449	NUM
fbem-9853	49	3	,	,	PUNCT
fbem-9853	49	4	0.2563	0.2563	NUM
fbem-9853	49	5	]	]	PUNCT
fbem-9853	49	6	0.038	0.038	NUM
fbem-9853	49	7	65.54	65.54	NUM
fbem-9853	49	8	sa2	sa2	NOUN
fbem-9853	49	9	0.0866	0.0866	NUM
fbem-9853	49	10	0.0389	0.0389	NUM
fbem-9853	50	1	[	[	X
fbem-9853	50	2	0.0437	0.0437	NUM
fbem-9853	50	3	,	,	PUNCT
fbem-9853	50	4	0.1841	0.1841	NUM
fbem-9853	50	5	]	]	PUNCT
fbem-9853	50	6	0.386	0.386	NUM
fbem-9853	50	7	13.35	13.35	NUM
fbem-9853	50	8	sh1	sh1	X
fbem-9853	50	9	0.1896	0.1896	NUM
fbem-9853	50	10	0.1213	0.1213	NUM
fbem-9853	50	11	[	[	X
fbem-9853	50	12	0.0565	0.0565	NUM
fbem-9853	50	13	,	,	PUNCT
fbem-9853	50	14	0.5490	0.5490	NUM
fbem-9853	50	15	]	]	PUNCT
fbem-9853	50	16	0.558	0.558	NUM
fbem-9853	50	17	63.51	63.51	NUM
fbem-9853	50	18	sh2	sh2	NOUN
fbem-9853	50	19	0.1176	0.1176	NUM
fbem-9853	50	20	0.0669	0.0669	NUM
fbem-9853	51	1	[	[	X
fbem-9853	51	2	0.0504	0.0504	NUM
fbem-9853	51	3	,	,	PUNCT
fbem-9853	51	4	0.2991	0.2991	NUM
fbem-9853	51	5	]	]	PUNCT
fbem-9853	51	6	0.002	0.002	NUM
fbem-9853	51	7	35.42	35.42	NUM
fbem-9853	51	8	figure	figure	NOUN
fbem-9853	51	9	1	1	NUM
fbem-9853	51	10	.	.	PUNCT
fbem-9853	51	11	autocorrelation	autocorrelation	NOUN
fbem-9853	51	12	coefficient	coefficient	NOUN
fbem-9853	51	13	,	,	PUNCT
fbem-9853	51	14	sample	sample	NOUN
fbem-9853	51	15	path	path	NOUN
fbem-9853	51	16	and	and	CCONJ
fbem-9853	51	17	a	a	DET
fbem-9853	51	18	posteriori	posteriori	NOUN
fbem-9853	51	19	distribution	distribution	NOUN
fbem-9853	51	20	of	of	ADP
fbem-9853	51	21	parameter	parameter	NOUN
fbem-9853	51	22	estimation	estimation	NOUN
fbem-9853	51	23	as	as	SCONJ
fbem-9853	51	24	can	can	AUX
fbem-9853	51	25	be	be	AUX
fbem-9853	51	26	seen	see	VERB
fbem-9853	51	27	from	from	ADP
fbem-9853	51	28	table	table	NOUN
fbem-9853	51	29	3	3	NUM
fbem-9853	51	30	,	,	PUNCT
fbem-9853	51	31	geweke	geweke	ADJ
fbem-9853	51	32	values	value	NOUN
fbem-9853	51	33	are	be	AUX
fbem-9853	51	34	less	less	ADJ
fbem-9853	51	35	than	than	ADP
fbem-9853	51	36	1.96	1.96	NUM
fbem-9853	51	37	,	,	PUNCT
fbem-9853	51	38	and	and	CCONJ
fbem-9853	51	39	the	the	DET
fbem-9853	51	40	largest	large	ADJ
fbem-9853	51	41	ineffective	ineffective	ADJ
fbem-9853	51	42	factor	factor	NOUN
fbem-9853	51	43	is	be	AUX
fbem-9853	51	44	65.54	65.54	NUM
fbem-9853	51	45	,	,	PUNCT
fbem-9853	51	46	that	that	ADV
fbem-9853	51	47	is	is	ADV
fbem-9853	51	48	,	,	PUNCT
fbem-9853	51	49	there	there	PRON
fbem-9853	51	50	are	be	VERB
fbem-9853	51	51	30	30	NUM
fbem-9853	51	52	unrelated	unrelated	ADJ
fbem-9853	51	53	samples	sample	NOUN
fbem-9853	51	54	in	in	ADP
fbem-9853	51	55	the	the	DET
fbem-9853	51	56	sampling	sampling	NOUN
fbem-9853	51	57	process	process	NOUN
fbem-9853	51	58	,	,	PUNCT
fbem-9853	51	59	indicating	indicate	VERB
fbem-9853	51	60	that	that	SCONJ
fbem-9853	51	61	enough	enough	ADJ
fbem-9853	51	62	samples	sample	NOUN
fbem-9853	51	63	are	be	AUX
fbem-9853	51	64	extracted	extract	VERB
fbem-9853	51	65	.	.	PUNCT
fbem-9853	52	1	as	as	SCONJ
fbem-9853	52	2	can	can	AUX
fbem-9853	52	3	be	be	AUX
fbem-9853	52	4	seen	see	VERB
fbem-9853	52	5	from	from	ADP
fbem-9853	52	6	figure	figure	NOUN
fbem-9853	52	7	1	1	NUM
fbem-9853	52	8	,	,	PUNCT
fbem-9853	52	9	the	the	DET
fbem-9853	52	10	autocorrelation	autocorrelation	NOUN
fbem-9853	52	11	coefficient	coefficient	NOUN
fbem-9853	52	12	of	of	ADP
fbem-9853	52	13	the	the	DET
fbem-9853	52	14	first	first	ADJ
fbem-9853	52	15	row	row	NOUN
fbem-9853	52	16	of	of	ADP
fbem-9853	52	17	samples	sample	NOUN
fbem-9853	52	18	continues	continue	VERB
fbem-9853	52	19	to	to	PART
fbem-9853	52	20	decline	decline	VERB
fbem-9853	52	21	,	,	PUNCT
fbem-9853	52	22	indicating	indicate	VERB
fbem-9853	52	23	that	that	SCONJ
fbem-9853	52	24	the	the	DET
fbem-9853	52	25	autocorrelation	autocorrelation	NOUN
fbem-9853	52	26	generated	generate	VERB
fbem-9853	52	27	by	by	ADP
fbem-9853	52	28	iteration	iteration	NOUN
fbem-9853	52	29	is	be	AUX
fbem-9853	52	30	eliminated	eliminate	VERB
fbem-9853	52	31	.	.	PUNCT
fbem-9853	53	1	the	the	DET
fbem-9853	53	2	parameters	parameter	NOUN
fbem-9853	53	3	in	in	ADP
fbem-9853	53	4	the	the	DET
fbem-9853	53	5	second	second	ADJ
fbem-9853	53	6	row	row	NOUN
fbem-9853	53	7	of	of	ADP
fbem-9853	53	8	sample	sample	NOUN
fbem-9853	53	9	paths	path	NOUN
fbem-9853	53	10	show	show	VERB
fbem-9853	53	11	a	a	DET
fbem-9853	53	12	"	"	PUNCT
fbem-9853	53	13	white	white	ADJ
fbem-9853	53	14	noise	noise	NOUN
fbem-9853	53	15	"	"	PUNCT
fbem-9853	53	16	process	process	NOUN
fbem-9853	53	17	,	,	PUNCT
fbem-9853	53	18	indicating	indicate	VERB
fbem-9853	53	19	that	that	SCONJ
fbem-9853	53	20	the	the	DET
fbem-9853	53	21	parameters	parameter	NOUN
fbem-9853	53	22	are	be	AUX
fbem-9853	53	23	independent	independent	ADJ
fbem-9853	53	24	of	of	ADP
fbem-9853	53	25	each	each	DET
fbem-9853	53	26	other	other	ADJ
fbem-9853	53	27	.	.	PUNCT
fbem-9853	54	1	the	the	DET
fbem-9853	54	2	third	third	ADJ
fbem-9853	54	3	line	line	NOUN
fbem-9853	54	4	of	of	ADP
fbem-9853	54	5	a	a	DET
fbem-9853	54	6	posteriori	posteriori	NOUN
fbem-9853	54	7	density	density	NOUN
fbem-9853	54	8	verifies	verifie	NOUN
fbem-9853	54	9	the	the	DET
fbem-9853	54	10	convergence	convergence	NOUN
fbem-9853	54	11	again	again	ADV
fbem-9853	54	12	.	.	PUNCT
fbem-9853	55	1	to	to	PART
fbem-9853	55	2	sum	sum	VERB
fbem-9853	55	3	up	up	ADP
fbem-9853	55	4	,	,	PUNCT
fbem-9853	55	5	the	the	DET
fbem-9853	55	6	sampling	sample	VERB
fbem-9853	55	7	simulation	simulation	NOUN
fbem-9853	55	8	results	result	NOUN
fbem-9853	55	9	are	be	AUX
fbem-9853	55	10	effective	effective	ADJ
fbem-9853	55	11	.	.	PUNCT
fbem-9853	56	1	3.2	3.2	NUM
fbem-9853	56	2	.	.	PUNCT
fbem-9853	56	3	time	time	NOUN
fbem-9853	56	4	varying	vary	VERB
fbem-9853	56	5	random	random	ADJ
fbem-9853	56	6	fluctuation	fluctuation	NOUN
fbem-9853	56	7	analysis	analysis	NOUN
fbem-9853	56	8	the	the	DET
fbem-9853	56	9	picture	picture	NOUN
fbem-9853	56	10	shows	show	VERB
fbem-9853	56	11	the	the	DET
fbem-9853	56	12	random	random	ADJ
fbem-9853	56	13	fluctuation	fluctuation	NOUN
fbem-9853	56	14	characteristics	characteristic	NOUN
fbem-9853	56	15	of	of	ADP
fbem-9853	56	16	capital	capital	NOUN
fbem-9853	56	17	account	account	NOUN
fbem-9853	56	18	opening	opening	NOUN
fbem-9853	56	19	,	,	PUNCT
fbem-9853	56	20	various	various	ADJ
fbem-9853	56	21	systemic	systemic	ADJ
fbem-9853	56	22	financial	financial	ADJ
fbem-9853	56	23	risks	risk	NOUN
fbem-9853	56	24	and	and	CCONJ
fbem-9853	56	25	rmb	rmb	NOUN
fbem-9853	56	26	internationalization	internationalization	NOUN
fbem-9853	56	27	.	.	PUNCT
fbem-9853	57	1	9	9	NUM
fbem-9853	57	2	figure	figure	NOUN
fbem-9853	57	3	2	2	NUM
fbem-9853	57	4	.	.	NOUN
fbem-9853	57	5	time	time	NOUN
fbem-9853	57	6	varying	vary	VERB
fbem-9853	57	7	trend	trend	NOUN
fbem-9853	57	8	of	of	ADP
fbem-9853	57	9	variable	variable	ADJ
fbem-9853	57	10	volatility	volatility	NOUN
fbem-9853	57	11	as	as	SCONJ
fbem-9853	57	12	can	can	AUX
fbem-9853	57	13	be	be	AUX
fbem-9853	57	14	seen	see	VERB
fbem-9853	57	15	from	from	ADP
fbem-9853	57	16	the	the	DET
fbem-9853	57	17	chart	chart	NOUN
fbem-9853	57	18	,	,	PUNCT
fbem-9853	57	19	the	the	DET
fbem-9853	57	20	random	random	ADJ
fbem-9853	57	21	volatility	volatility	NOUN
fbem-9853	57	22	of	of	ADP
fbem-9853	57	23	capital	capital	NOUN
fbem-9853	57	24	account	account	NOUN
fbem-9853	57	25	opening	opening	NOUN
fbem-9853	57	26	has	have	AUX
fbem-9853	57	27	been	be	AUX
fbem-9853	57	28	decreasing	decrease	VERB
fbem-9853	57	29	in	in	ADP
fbem-9853	57	30	recent	recent	ADJ
fbem-9853	57	31	years	year	NOUN
fbem-9853	57	32	,	,	PUNCT
fbem-9853	57	33	and	and	CCONJ
fbem-9853	57	34	the	the	DET
fbem-9853	57	35	confidence	confidence	NOUN
fbem-9853	57	36	interval	interval	NOUN
fbem-9853	57	37	has	have	AUX
fbem-9853	57	38	also	also	ADV
fbem-9853	57	39	converged	converge	VERB
fbem-9853	57	40	.	.	PUNCT
fbem-9853	58	1	at	at	ADP
fbem-9853	58	2	this	this	DET
fbem-9853	58	3	stage	stage	NOUN
fbem-9853	58	4	,	,	PUNCT
fbem-9853	58	5	the	the	DET
fbem-9853	58	6	chinese	chinese	ADJ
fbem-9853	58	7	government	government	NOUN
fbem-9853	58	8	actively	actively	ADV
fbem-9853	58	9	promotes	promote	VERB
fbem-9853	58	10	the	the	DET
fbem-9853	58	11	steady	steady	ADJ
fbem-9853	58	12	and	and	CCONJ
fbem-9853	58	13	prudent	prudent	ADJ
fbem-9853	58	14	opening	opening	NOUN
fbem-9853	58	15	of	of	ADP
fbem-9853	58	16	capital	capital	NOUN
fbem-9853	58	17	account	account	NOUN
fbem-9853	58	18	and	and	CCONJ
fbem-9853	58	19	promotes	promote	VERB
fbem-9853	58	20	the	the	DET
fbem-9853	58	21	process	process	NOUN
fbem-9853	58	22	of	of	ADP
fbem-9853	58	23	rmb	rmb	NOUN
fbem-9853	58	24	internationalization	internationalization	NOUN
fbem-9853	58	25	.	.	PUNCT
fbem-9853	59	1	the	the	DET
fbem-9853	59	2	random	random	ADJ
fbem-9853	59	3	volatility	volatility	NOUN
fbem-9853	59	4	of	of	ADP
fbem-9853	59	5	macroeconomic	macroeconomic	ADJ
fbem-9853	59	6	risks	risk	NOUN
fbem-9853	59	7	has	have	AUX
fbem-9853	59	8	been	be	AUX
fbem-9853	59	9	reduced	reduce	VERB
fbem-9853	59	10	in	in	ADP
fbem-9853	59	11	the	the	DET
fbem-9853	59	12	long	long	ADJ
fbem-9853	59	13	run	run	NOUN
fbem-9853	59	14	,	,	PUNCT
fbem-9853	59	15	but	but	CCONJ
fbem-9853	59	16	it	it	PRON
fbem-9853	59	17	has	have	AUX
fbem-9853	59	18	been	be	AUX
fbem-9853	59	19	basically	basically	ADV
fbem-9853	59	20	flat	flat	ADJ
fbem-9853	59	21	since	since	SCONJ
fbem-9853	59	22	2018	2018	NUM
fbem-9853	59	23	.	.	PUNCT
fbem-9853	60	1	trade	trade	NOUN
fbem-9853	60	2	frictions	friction	NOUN
fbem-9853	60	3	between	between	ADP
fbem-9853	60	4	china	china	PROPN
fbem-9853	60	5	and	and	CCONJ
fbem-9853	60	6	the	the	DET
fbem-9853	60	7	united	united	PROPN
fbem-9853	60	8	states	states	PROPN
fbem-9853	60	9	continue	continue	VERB
fbem-9853	60	10	to	to	ADP
fbem-9853	60	11	this	this	DET
fbem-9853	60	12	day	day	NOUN
fbem-9853	60	13	.	.	PUNCT
fbem-9853	61	1	the	the	DET
fbem-9853	61	2	complex	complex	ADJ
fbem-9853	61	3	internal	internal	ADJ
fbem-9853	61	4	and	and	CCONJ
fbem-9853	61	5	external	external	ADJ
fbem-9853	61	6	economic	economic	ADJ
fbem-9853	61	7	situation	situation	NOUN
fbem-9853	61	8	has	have	AUX
fbem-9853	61	9	increased	increase	VERB
fbem-9853	61	10	the	the	DET
fbem-9853	61	11	difficulty	difficulty	NOUN
fbem-9853	61	12	of	of	ADP
fbem-9853	61	13	macroeconomic	macroeconomic	ADJ
fbem-9853	61	14	regulation	regulation	NOUN
fbem-9853	61	15	and	and	CCONJ
fbem-9853	61	16	control	control	NOUN
fbem-9853	61	17	.	.	PUNCT
fbem-9853	62	1	the	the	DET
fbem-9853	62	2	random	random	ADJ
fbem-9853	62	3	volatility	volatility	NOUN
fbem-9853	62	4	of	of	ADP
fbem-9853	62	5	monetary	monetary	ADJ
fbem-9853	62	6	liquidity	liquidity	NOUN
fbem-9853	62	7	risk	risk	NOUN
fbem-9853	62	8	was	be	AUX
fbem-9853	62	9	at	at	ADP
fbem-9853	62	10	a	a	DET
fbem-9853	62	11	higher	high	ADJ
fbem-9853	62	12	level	level	NOUN
fbem-9853	62	13	before	before	ADP
fbem-9853	62	14	2015	2015	NUM
fbem-9853	62	15	,	,	PUNCT
fbem-9853	62	16	and	and	CCONJ
fbem-9853	62	17	then	then	ADV
fbem-9853	62	18	gradually	gradually	ADV
fbem-9853	62	19	fell	fall	VERB
fbem-9853	62	20	back	back	ADV
fbem-9853	62	21	and	and	CCONJ
fbem-9853	62	22	stabilized	stabilize	VERB
fbem-9853	62	23	at	at	ADP
fbem-9853	62	24	a	a	DET
fbem-9853	62	25	lower	low	ADJ
fbem-9853	62	26	level	level	NOUN
fbem-9853	62	27	,	,	PUNCT
fbem-9853	62	28	thanks	thank	NOUN
fbem-9853	62	29	to	to	ADP
fbem-9853	62	30	the	the	DET
fbem-9853	62	31	managed	manage	VERB
fbem-9853	62	32	floating	float	VERB
fbem-9853	62	33	exchange	exchange	NOUN
fbem-9853	62	34	rate	rate	NOUN
fbem-9853	62	35	system	system	NOUN
fbem-9853	62	36	based	base	VERB
fbem-9853	62	37	on	on	ADP
fbem-9853	62	38	market	market	NOUN
fbem-9853	62	39	supply	supply	NOUN
fbem-9853	62	40	and	and	CCONJ
fbem-9853	62	41	demand	demand	NOUN
fbem-9853	62	42	,	,	PUNCT
fbem-9853	62	43	adjusted	adjust	VERB
fbem-9853	62	44	with	with	ADP
fbem-9853	62	45	reference	reference	NOUN
fbem-9853	62	46	to	to	ADP
fbem-9853	62	47	a	a	DET
fbem-9853	62	48	basket	basket	NOUN
fbem-9853	62	49	of	of	ADP
fbem-9853	62	50	currencies	currency	NOUN
fbem-9853	62	51	and	and	CCONJ
fbem-9853	62	52	formed	form	VERB
fbem-9853	62	53	after	after	ADP
fbem-9853	62	54	the	the	DET
fbem-9853	62	55	811	811	NUM
fbem-9853	62	56	foreign	foreign	ADJ
fbem-9853	62	57	exchange	exchange	NOUN
fbem-9853	62	58	reform	reform	NOUN
fbem-9853	62	59	,	,	PUNCT
fbem-9853	62	60	which	which	PRON
fbem-9853	62	61	is	be	AUX
fbem-9853	62	62	more	more	ADJ
fbem-9853	62	63	in	in	ADP
fbem-9853	62	64	line	line	NOUN
fbem-9853	62	65	with	with	ADP
fbem-9853	62	66	china	china	PROPN
fbem-9853	62	67	's	's	PART
fbem-9853	62	68	national	national	ADJ
fbem-9853	62	69	conditions	condition	NOUN
fbem-9853	62	70	.	.	PUNCT
fbem-9853	63	1	the	the	DET
fbem-9853	63	2	random	random	ADJ
fbem-9853	63	3	volatility	volatility	NOUN
fbem-9853	63	4	of	of	ADP
fbem-9853	63	5	external	external	ADJ
fbem-9853	63	6	market	market	NOUN
fbem-9853	63	7	risks	risk	NOUN
fbem-9853	63	8	has	have	AUX
fbem-9853	63	9	shown	show	VERB
fbem-9853	63	10	an	an	DET
fbem-9853	63	11	upward	upward	ADJ
fbem-9853	63	12	trend	trend	NOUN
fbem-9853	63	13	since	since	SCONJ
fbem-9853	63	14	2020	2020	NUM
fbem-9853	63	15	.	.	PUNCT
fbem-9853	64	1	from	from	ADP
fbem-9853	64	2	the	the	DET
fbem-9853	64	3	public	public	ADJ
fbem-9853	64	4	health	health	NOUN
fbem-9853	64	5	crisis	crisis	NOUN
fbem-9853	64	6	to	to	ADP
fbem-9853	64	7	the	the	DET
fbem-9853	64	8	geopolitical	geopolitical	ADJ
fbem-9853	64	9	crisis	crisis	NOUN
fbem-9853	64	10	,	,	PUNCT
fbem-9853	64	11	the	the	DET
fbem-9853	64	12	world	world	NOUN
fbem-9853	64	13	is	be	AUX
fbem-9853	64	14	experiencing	experience	VERB
fbem-9853	64	15	unprecedented	unprecedented	ADJ
fbem-9853	64	16	changes	change	NOUN
fbem-9853	64	17	in	in	ADP
fbem-9853	64	18	a	a	DET
fbem-9853	64	19	century	century	NOUN
fbem-9853	64	20	,	,	PUNCT
fbem-9853	64	21	which	which	PRON
fbem-9853	64	22	has	have	AUX
fbem-9853	64	23	greatly	greatly	ADV
fbem-9853	64	24	aggravated	aggravate	VERB
fbem-9853	64	25	the	the	DET
fbem-9853	64	26	variability	variability	NOUN
fbem-9853	64	27	and	and	CCONJ
fbem-9853	64	28	complexity	complexity	NOUN
fbem-9853	64	29	of	of	ADP
fbem-9853	64	30	external	external	ADJ
fbem-9853	64	31	markets	market	NOUN
fbem-9853	64	32	.	.	PUNCT
fbem-9853	65	1	the	the	DET
fbem-9853	65	2	random	random	ADJ
fbem-9853	65	3	volatility	volatility	NOUN
fbem-9853	65	4	of	of	ADP
fbem-9853	65	5	asset	asset	NOUN
fbem-9853	65	6	bubble	bubble	NOUN
fbem-9853	65	7	risk	risk	NOUN
fbem-9853	65	8	is	be	AUX
fbem-9853	65	9	in	in	ADP
fbem-9853	65	10	a	a	DET
fbem-9853	65	11	downward	downward	ADJ
fbem-9853	65	12	trend	trend	NOUN
fbem-9853	65	13	as	as	ADP
fbem-9853	65	14	a	a	DET
fbem-9853	65	15	whole	whole	NOUN
fbem-9853	65	16	.	.	PUNCT
fbem-9853	66	1	after	after	ADP
fbem-9853	66	2	the	the	DET
fbem-9853	66	3	financial	financial	ADJ
fbem-9853	66	4	crisis	crisis	NOUN
fbem-9853	66	5	,	,	PUNCT
fbem-9853	66	6	the	the	DET
fbem-9853	66	7	central	central	ADJ
fbem-9853	66	8	bank	bank	NOUN
fbem-9853	66	9	pays	pay	VERB
fbem-9853	66	10	more	more	ADJ
fbem-9853	66	11	and	and	CCONJ
fbem-9853	66	12	more	more	ADJ
fbem-9853	66	13	attention	attention	NOUN
fbem-9853	66	14	to	to	ADP
fbem-9853	66	15	restraining	restrain	VERB
fbem-9853	66	16	asset	asset	NOUN
fbem-9853	66	17	bubbles	bubble	NOUN
fbem-9853	66	18	while	while	SCONJ
fbem-9853	66	19	formulating	formulate	VERB
fbem-9853	66	20	monetary	monetary	ADJ
fbem-9853	66	21	policy	policy	NOUN
fbem-9853	66	22	,	,	PUNCT
fbem-9853	66	23	and	and	CCONJ
fbem-9853	66	24	constantly	constantly	ADV
fbem-9853	66	25	strengthens	strengthen	VERB
fbem-9853	66	26	financial	financial	ADJ
fbem-9853	66	27	supervision	supervision	NOUN
fbem-9853	66	28	.	.	PUNCT
fbem-9853	67	1	the	the	DET
fbem-9853	67	2	random	random	ADJ
fbem-9853	67	3	volatility	volatility	NOUN
fbem-9853	67	4	of	of	ADP
fbem-9853	67	5	rmb	rmb	NOUN
fbem-9853	67	6	internationalization	internationalization	NOUN
fbem-9853	67	7	has	have	AUX
fbem-9853	67	8	risen	rise	VERB
fbem-9853	67	9	significantly	significantly	ADV
fbem-9853	67	10	in	in	ADP
fbem-9853	67	11	recent	recent	ADJ
fbem-9853	67	12	years	year	NOUN
fbem-9853	67	13	.	.	PUNCT
fbem-9853	68	1	with	with	ADP
fbem-9853	68	2	the	the	DET
fbem-9853	68	3	continuous	continuous	ADJ
fbem-9853	68	4	improvement	improvement	NOUN
fbem-9853	68	5	of	of	ADP
fbem-9853	68	6	china	china	PROPN
fbem-9853	68	7	's	's	PART
fbem-9853	68	8	economic	economic	ADJ
fbem-9853	68	9	strength	strength	NOUN
fbem-9853	68	10	,	,	PUNCT
fbem-9853	68	11	rmb	rmb	NOUN
fbem-9853	68	12	internationalization	internationalization	NOUN
fbem-9853	68	13	has	have	AUX
fbem-9853	68	14	also	also	ADV
fbem-9853	68	15	ushered	usher	VERB
fbem-9853	68	16	in	in	ADP
fbem-9853	68	17	a	a	DET
fbem-9853	68	18	key	key	ADJ
fbem-9853	68	19	stage	stage	NOUN
fbem-9853	68	20	of	of	ADP
fbem-9853	68	21	development	development	NOUN
fbem-9853	68	22	.	.	PUNCT
fbem-9853	69	1	3.3	3.3	NUM
fbem-9853	69	2	.	.	PUNCT
fbem-9853	70	1	overall	overall	ADJ
fbem-9853	70	2	impulse	impulse	ADJ
fbem-9853	70	3	response	response	NOUN
fbem-9853	70	4	analysis	analysis	NOUN
fbem-9853	70	5	figure	figure	NOUN
fbem-9853	70	6	3	3	NUM
fbem-9853	70	7	shows	show	VERB
fbem-9853	70	8	the	the	DET
fbem-9853	70	9	impulse	impulse	ADJ
fbem-9853	70	10	response	response	NOUN
fbem-9853	70	11	function	function	NOUN
fbem-9853	70	12	of	of	ADP
fbem-9853	70	13	different	different	ADJ
fbem-9853	70	14	lead	lead	NOUN
fbem-9853	70	15	times	time	NOUN
fbem-9853	70	16	between	between	ADP
fbem-9853	70	17	capital	capital	NOUN
fbem-9853	70	18	account	account	NOUN
fbem-9853	70	19	opening	opening	NOUN
fbem-9853	70	20	and	and	CCONJ
fbem-9853	70	21	rmb	rmb	NOUN
fbem-9853	70	22	internationalization	internationalization	NOUN
fbem-9853	70	23	,	,	PUNCT
fbem-9853	70	24	and	and	CCONJ
fbem-9853	70	25	figure	figure	VERB
fbem-9853	70	26	3	3	NUM
fbem-9853	70	27	shows	show	VERB
fbem-9853	70	28	the	the	DET
fbem-9853	70	29	impulse	impulse	ADJ
fbem-9853	70	30	utility	utility	NOUN
fbem-9853	70	31	function	function	NOUN
fbem-9853	70	32	at	at	ADP
fbem-9853	70	33	different	different	ADJ
fbem-9853	70	34	time	time	NOUN
fbem-9853	70	35	points	point	NOUN
fbem-9853	70	36	.	.	PUNCT
fbem-9853	71	1	figure	figure	VERB
fbem-9853	71	2	3	3	NUM
fbem-9853	71	3	.	.	PUNCT
fbem-9853	72	1	overall	overall	ADJ
fbem-9853	72	2	impulse	impulse	ADJ
fbem-9853	72	3	response	response	NOUN
fbem-9853	72	4	results	result	VERB
fbem-9853	72	5	10	10	NUM
fbem-9853	72	6	as	as	SCONJ
fbem-9853	72	7	can	can	AUX
fbem-9853	72	8	be	be	AUX
fbem-9853	72	9	seen	see	VERB
fbem-9853	72	10	from	from	ADP
fbem-9853	72	11	figure	figure	NOUN
fbem-9853	72	12	3	3	NUM
fbem-9853	72	13	:	:	PUNCT
fbem-9853	72	14	(	(	PUNCT
fbem-9853	72	15	1	1	X
fbem-9853	72	16	)	)	PUNCT
fbem-9853	72	17	the	the	DET
fbem-9853	72	18	gradual	gradual	ADJ
fbem-9853	72	19	opening	opening	NOUN
fbem-9853	72	20	of	of	ADP
fbem-9853	72	21	the	the	DET
fbem-9853	72	22	capital	capital	NOUN
fbem-9853	72	23	account	account	NOUN
fbem-9853	72	24	has	have	AUX
fbem-9853	72	25	significantly	significantly	ADV
fbem-9853	72	26	promoted	promote	VERB
fbem-9853	72	27	the	the	DET
fbem-9853	72	28	development	development	NOUN
fbem-9853	72	29	of	of	ADP
fbem-9853	72	30	rmb	rmb	PROPN
fbem-9853	72	31	internationalization	internationalization	NOUN
fbem-9853	72	32	after	after	ADP
fbem-9853	72	33	2016	2016	NUM
fbem-9853	72	34	,	,	PUNCT
fbem-9853	72	35	and	and	CCONJ
fbem-9853	72	36	its	its	PRON
fbem-9853	72	37	promoting	promote	VERB
fbem-9853	72	38	role	role	NOUN
fbem-9853	72	39	has	have	AUX
fbem-9853	72	40	continued	continue	VERB
fbem-9853	72	41	to	to	PART
fbem-9853	72	42	expand	expand	VERB
fbem-9853	72	43	,	,	PUNCT
fbem-9853	72	44	indicating	indicate	VERB
fbem-9853	72	45	that	that	SCONJ
fbem-9853	72	46	the	the	DET
fbem-9853	72	47	smooth	smooth	ADJ
fbem-9853	72	48	introduction	introduction	NOUN
fbem-9853	72	49	of	of	ADP
fbem-9853	72	50	the	the	DET
fbem-9853	72	51	shanghai	shanghai	PROPN
fbem-9853	72	52	hong	hong	PROPN
fbem-9853	72	53	kong	kong	PROPN
fbem-9853	72	54	stock	stock	PROPN
fbem-9853	72	55	connect	connect	PROPN
fbem-9853	72	56	and	and	CCONJ
fbem-9853	72	57	shenzhen	shenzhen	PROPN
fbem-9853	72	58	hong	hong	PROPN
fbem-9853	72	59	kong	kong	PROPN
fbem-9853	72	60	stock	stock	PROPN
fbem-9853	72	61	connect	connect	PROPN
fbem-9853	72	62	mechanisms	mechanism	NOUN
fbem-9853	72	63	since	since	SCONJ
fbem-9853	72	64	2014	2014	NUM
fbem-9853	72	65	and	and	CCONJ
fbem-9853	72	66	the	the	DET
fbem-9853	72	67	successful	successful	ADJ
fbem-9853	72	68	implementation	implementation	NOUN
fbem-9853	72	69	of	of	ADP
fbem-9853	72	70	the	the	DET
fbem-9853	72	71	national	national	ADJ
fbem-9853	72	72	strategy	strategy	NOUN
fbem-9853	72	73	represented	represent	VERB
fbem-9853	72	74	by	by	ADP
fbem-9853	72	75	"	"	PUNCT
fbem-9853	72	76	one	one	NUM
fbem-9853	72	77	belt	belt	NOUN
fbem-9853	72	78	and	and	CCONJ
fbem-9853	72	79	one	one	NUM
fbem-9853	72	80	road	road	NOUN
fbem-9853	72	81	"	"	PUNCT
fbem-9853	72	82	have	have	AUX
fbem-9853	72	83	accelerated	accelerate	VERB
fbem-9853	72	84	the	the	DET
fbem-9853	72	85	pace	pace	NOUN
fbem-9853	72	86	of	of	ADP
fbem-9853	72	87	rmb	rmb	PROPN
fbem-9853	72	88	capital	capital	NOUN
fbem-9853	72	89	account	account	NOUN
fbem-9853	72	90	convertibility	convertibility	NOUN
fbem-9853	72	91	,	,	PUNCT
fbem-9853	72	92	and	and	CCONJ
fbem-9853	72	93	the	the	DET
fbem-9853	72	94	scope	scope	NOUN
fbem-9853	72	95	and	and	CCONJ
fbem-9853	72	96	scale	scale	NOUN
fbem-9853	72	97	of	of	ADP
fbem-9853	72	98	rmb	rmb	NOUN
fbem-9853	72	99	use	use	NOUN
fbem-9853	72	100	in	in	ADP
fbem-9853	72	101	international	international	ADJ
fbem-9853	72	102	trade	trade	NOUN
fbem-9853	72	103	have	have	AUX
fbem-9853	72	104	steadily	steadily	ADV
fbem-9853	72	105	increased	increase	VERB
fbem-9853	72	106	.	.	PUNCT
fbem-9853	73	1	with	with	ADP
fbem-9853	73	2	the	the	DET
fbem-9853	73	3	development	development	NOUN
fbem-9853	73	4	of	of	ADP
fbem-9853	73	5	rmb	rmb	PROPN
fbem-9853	73	6	crossborder	crossborder	NOUN
fbem-9853	73	7	settlement	settlement	NOUN
fbem-9853	73	8	,	,	PUNCT
fbem-9853	73	9	the	the	DET
fbem-9853	73	10	international	international	ADJ
fbem-9853	73	11	status	status	NOUN
fbem-9853	73	12	of	of	ADP
fbem-9853	73	13	rmb	rmb	PROPN
fbem-9853	73	14	is	be	AUX
fbem-9853	73	15	rising	rise	VERB
fbem-9853	73	16	,	,	PUNCT
fbem-9853	73	17	attracting	attract	VERB
fbem-9853	73	18	a	a	DET
fbem-9853	73	19	large	large	ADJ
fbem-9853	73	20	number	number	NOUN
fbem-9853	73	21	of	of	ADP
fbem-9853	73	22	foreign	foreign	ADJ
fbem-9853	73	23	capital	capital	NOUN
fbem-9853	73	24	inflows	inflow	NOUN
fbem-9853	73	25	and	and	CCONJ
fbem-9853	73	26	pushing	push	VERB
fbem-9853	73	27	back	back	ADP
fbem-9853	73	28	the	the	DET
fbem-9853	73	29	opening	opening	NOUN
fbem-9853	73	30	of	of	ADP
fbem-9853	73	31	capital	capital	NOUN
fbem-9853	73	32	account	account	NOUN
fbem-9853	73	33	,	,	PUNCT
fbem-9853	73	34	and	and	CCONJ
fbem-9853	73	35	the	the	DET
fbem-9853	73	36	impact	impact	NOUN
fbem-9853	73	37	will	will	AUX
fbem-9853	73	38	last	last	VERB
fbem-9853	73	39	for	for	ADP
fbem-9853	73	40	a	a	DET
fbem-9853	73	41	long	long	ADJ
fbem-9853	73	42	time	time	NOUN
fbem-9853	73	43	.	.	PUNCT
fbem-9853	74	1	(	(	PUNCT
fbem-9853	74	2	2	2	X
fbem-9853	74	3	)	)	PUNCT
fbem-9853	74	4	the	the	DET
fbem-9853	74	5	impulse	impulse	ADJ
fbem-9853	74	6	response	response	NOUN
fbem-9853	74	7	results	result	NOUN
fbem-9853	74	8	at	at	ADP
fbem-9853	74	9	different	different	ADJ
fbem-9853	74	10	time	time	NOUN
fbem-9853	74	11	points	point	NOUN
fbem-9853	74	12	show	show	VERB
fbem-9853	74	13	that	that	SCONJ
fbem-9853	74	14	the	the	DET
fbem-9853	74	15	opening	opening	NOUN
fbem-9853	74	16	of	of	ADP
fbem-9853	74	17	capital	capital	NOUN
fbem-9853	74	18	account	account	NOUN
fbem-9853	74	19	promotes	promote	VERB
fbem-9853	74	20	the	the	DET
fbem-9853	74	21	international	international	ADJ
fbem-9853	74	22	use	use	NOUN
fbem-9853	74	23	of	of	ADP
fbem-9853	74	24	rmb	rmb	NOUN
fbem-9853	74	25	in	in	ADP
fbem-9853	74	26	most	most	ADJ
fbem-9853	74	27	moments	moment	NOUN
fbem-9853	74	28	,	,	PUNCT
fbem-9853	74	29	but	but	CCONJ
fbem-9853	74	30	after	after	ADP
fbem-9853	74	31	the	the	DET
fbem-9853	74	32	impact	impact	NOUN
fbem-9853	74	33	in	in	ADP
fbem-9853	74	34	the	the	DET
fbem-9853	74	35	third	third	ADJ
fbem-9853	74	36	quarter	quarter	NOUN
fbem-9853	74	37	of	of	ADP
fbem-9853	74	38	2015	2015	NUM
fbem-9853	74	39	,	,	PUNCT
fbem-9853	74	40	the	the	DET
fbem-9853	74	41	response	response	NOUN
fbem-9853	74	42	results	result	VERB
fbem-9853	74	43	fluctuated	fluctuate	VERB
fbem-9853	74	44	and	and	CCONJ
fbem-9853	74	45	continued	continue	VERB
fbem-9853	74	46	to	to	PART
fbem-9853	74	47	be	be	AUX
fbem-9853	74	48	negative	negative	ADJ
fbem-9853	74	49	in	in	ADP
fbem-9853	74	50	the	the	DET
fbem-9853	74	51	fourth	fourth	ADJ
fbem-9853	74	52	period	period	NOUN
fbem-9853	74	53	,	,	PUNCT
fbem-9853	74	54	which	which	PRON
fbem-9853	74	55	may	may	AUX
fbem-9853	74	56	be	be	AUX
fbem-9853	74	57	due	due	ADJ
fbem-9853	74	58	to	to	ADP
fbem-9853	74	59	the	the	DET
fbem-9853	74	60	insufficient	insufficient	ADJ
fbem-9853	74	61	opening	opening	NOUN
fbem-9853	74	62	of	of	ADP
fbem-9853	74	63	china	china	PROPN
fbem-9853	74	64	's	's	PART
fbem-9853	74	65	capital	capital	NOUN
fbem-9853	74	66	account	account	NOUN
fbem-9853	74	67	,	,	PUNCT
fbem-9853	74	68	the	the	DET
fbem-9853	74	69	gradual	gradual	ADJ
fbem-9853	74	70	convergence	convergence	NOUN
fbem-9853	74	71	of	of	ADP
fbem-9853	74	72	domestic	domestic	ADJ
fbem-9853	74	73	market	market	NOUN
fbem-9853	74	74	and	and	CCONJ
fbem-9853	74	75	international	international	ADJ
fbem-9853	74	76	financial	financial	ADJ
fbem-9853	74	77	fluctuations	fluctuation	NOUN
fbem-9853	74	78	,	,	PUNCT
fbem-9853	74	79	and	and	CCONJ
fbem-9853	74	80	the	the	DET
fbem-9853	74	81	impact	impact	NOUN
fbem-9853	74	82	of	of	ADP
fbem-9853	74	83	external	external	ADJ
fbem-9853	74	84	systemic	systemic	ADJ
fbem-9853	74	85	financial	financial	ADJ
fbem-9853	74	86	risks	risk	NOUN
fbem-9853	74	87	.	.	PUNCT
fbem-9853	75	1	the	the	DET
fbem-9853	75	2	stock	stock	NOUN
fbem-9853	75	3	market	market	NOUN
fbem-9853	75	4	crashed	crash	VERB
fbem-9853	75	5	and	and	CCONJ
fbem-9853	75	6	once	once	ADV
fbem-9853	75	7	affected	affect	VERB
fbem-9853	75	8	rmb	rmb	NOUN
fbem-9853	75	9	assets	asset	NOUN
fbem-9853	75	10	.	.	PUNCT
fbem-9853	76	1	the	the	DET
fbem-9853	76	2	impulse	impulse	ADJ
fbem-9853	76	3	response	response	NOUN
fbem-9853	76	4	of	of	ADP
fbem-9853	76	5	rmb	rmb	NOUN
fbem-9853	76	6	internationalization	internationalization	NOUN
fbem-9853	76	7	to	to	ADP
fbem-9853	76	8	capital	capital	NOUN
fbem-9853	76	9	account	account	NOUN
fbem-9853	76	10	opening	opening	NOUN
fbem-9853	76	11	is	be	AUX
fbem-9853	76	12	similar	similar	ADJ
fbem-9853	76	13	,	,	PUNCT
fbem-9853	76	14	and	and	CCONJ
fbem-9853	76	15	the	the	DET
fbem-9853	76	16	impact	impact	NOUN
fbem-9853	76	17	gradually	gradually	ADV
fbem-9853	76	18	disappears	disappear	VERB
fbem-9853	76	19	after	after	ADP
fbem-9853	76	20	the	the	DET
fbem-9853	76	21	first	first	ADJ
fbem-9853	76	22	phase	phase	NOUN
fbem-9853	76	23	of	of	ADP
fbem-9853	76	24	synchronous	synchronous	ADJ
fbem-9853	76	25	peak	peak	NOUN
fbem-9853	76	26	,	,	PUNCT
fbem-9853	76	27	indicating	indicate	VERB
fbem-9853	76	28	that	that	SCONJ
fbem-9853	76	29	with	with	ADP
fbem-9853	76	30	the	the	DET
fbem-9853	76	31	expansion	expansion	NOUN
fbem-9853	76	32	of	of	ADP
fbem-9853	76	33	rmb	rmb	PROPN
fbem-9853	76	34	settlement	settlement	NOUN
fbem-9853	76	35	scale	scale	NOUN
fbem-9853	76	36	,	,	PUNCT
fbem-9853	76	37	in	in	ADP
fbem-9853	76	38	order	order	NOUN
fbem-9853	76	39	to	to	PART
fbem-9853	76	40	alleviate	alleviate	VERB
fbem-9853	76	41	the	the	DET
fbem-9853	76	42	institutional	institutional	ADJ
fbem-9853	76	43	constraints	constraint	NOUN
fbem-9853	76	44	on	on	ADP
fbem-9853	76	45	international	international	ADJ
fbem-9853	76	46	capital	capital	NOUN
fbem-9853	76	47	flows	flow	NOUN
fbem-9853	76	48	,	,	PUNCT
fbem-9853	76	49	higher	high	ADJ
fbem-9853	76	50	requirements	requirement	NOUN
fbem-9853	76	51	are	be	AUX
fbem-9853	76	52	put	put	VERB
fbem-9853	76	53	forward	forward	ADV
fbem-9853	76	54	for	for	ADP
fbem-9853	76	55	capital	capital	NOUN
fbem-9853	76	56	account	account	NOUN
fbem-9853	76	57	opening	opening	NOUN
fbem-9853	76	58	.	.	PUNCT
fbem-9853	77	1	4	4	X
fbem-9853	77	2	.	.	X
fbem-9853	77	3	further	further	ADJ
fbem-9853	77	4	transmission	transmission	NOUN
fbem-9853	77	5	mechanism	mechanism	NOUN
fbem-9853	77	6	analysis	analysis	NOUN
fbem-9853	77	7	4.1	4.1	NUM
fbem-9853	77	8	.	.	PUNCT
fbem-9853	78	1	macroeconomic	macroeconomic	ADJ
fbem-9853	78	2	risk	risk	NOUN
fbem-9853	78	3	transmission	transmission	NOUN
fbem-9853	78	4	mechanism	mechanism	NOUN
fbem-9853	78	5	figure	figure	NOUN
fbem-9853	78	6	4	4	NUM
fbem-9853	78	7	.	.	PUNCT
fbem-9853	79	1	impulse	impulse	ADJ
fbem-9853	79	2	results	result	NOUN
fbem-9853	79	3	of	of	ADP
fbem-9853	79	4	macroeconomic	macroeconomic	ADJ
fbem-9853	79	5	risk	risk	NOUN
fbem-9853	79	6	mechanism	mechanism	NOUN
fbem-9853	79	7	as	as	SCONJ
fbem-9853	79	8	can	can	AUX
fbem-9853	79	9	be	be	AUX
fbem-9853	79	10	seen	see	VERB
fbem-9853	79	11	from	from	ADP
fbem-9853	79	12	figure	figure	NOUN
fbem-9853	79	13	4	4	NUM
fbem-9853	79	14	:	:	PUNCT
fbem-9853	79	15	(	(	PUNCT
fbem-9853	79	16	1	1	X
fbem-9853	79	17	)	)	PUNCT
fbem-9853	79	18	there	there	PRON
fbem-9853	79	19	is	be	VERB
fbem-9853	79	20	some	some	DET
fbem-9853	79	21	heterogeneity	heterogeneity	NOUN
fbem-9853	79	22	in	in	ADP
fbem-9853	79	23	the	the	DET
fbem-9853	79	24	impulse	impulse	ADJ
fbem-9853	79	25	response	response	NOUN
fbem-9853	79	26	of	of	ADP
fbem-9853	79	27	capital	capital	NOUN
fbem-9853	79	28	account	account	NOUN
fbem-9853	79	29	opening	opening	NOUN
fbem-9853	79	30	to	to	ADP
fbem-9853	79	31	macroeconomic	macroeconomic	ADJ
fbem-9853	79	32	risks	risk	NOUN
fbem-9853	79	33	in	in	ADP
fbem-9853	79	34	different	different	ADJ
fbem-9853	79	35	lead	lead	NOUN
fbem-9853	79	36	times	time	NOUN
fbem-9853	79	37	,	,	PUNCT
fbem-9853	79	38	which	which	PRON
fbem-9853	79	39	is	be	AUX
fbem-9853	79	40	manifested	manifest	VERB
fbem-9853	79	41	in	in	ADP
fbem-9853	79	42	that	that	DET
fbem-9853	79	43	capital	capital	NOUN
fbem-9853	79	44	account	account	NOUN
fbem-9853	79	45	opening	opening	NOUN
fbem-9853	79	46	can	can	AUX
fbem-9853	79	47	restrain	restrain	VERB
fbem-9853	79	48	macroeconomic	macroeconomic	ADJ
fbem-9853	79	49	risks	risk	NOUN
fbem-9853	79	50	in	in	ADP
fbem-9853	79	51	the	the	DET
fbem-9853	79	52	short	short	ADJ
fbem-9853	79	53	term	term	NOUN
fbem-9853	79	54	,	,	PUNCT
fbem-9853	79	55	but	but	CCONJ
fbem-9853	79	56	the	the	DET
fbem-9853	79	57	inhibitory	inhibitory	ADJ
fbem-9853	79	58	effect	effect	NOUN
fbem-9853	79	59	is	be	AUX
fbem-9853	79	60	not	not	PART
fbem-9853	79	61	significant	significant	ADJ
fbem-9853	79	62	in	in	ADP
fbem-9853	79	63	the	the	DET
fbem-9853	79	64	medium	medium	ADJ
fbem-9853	79	65	and	and	CCONJ
fbem-9853	79	66	long	long	ADJ
fbem-9853	79	67	term	term	NOUN
fbem-9853	79	68	,	,	PUNCT
fbem-9853	79	69	or	or	CCONJ
fbem-9853	79	70	even	even	ADV
fbem-9853	79	71	spread	spread	VERB
fbem-9853	79	72	the	the	DET
fbem-9853	79	73	risk	risk	NOUN
fbem-9853	79	74	,	,	PUNCT
fbem-9853	79	75	because	because	SCONJ
fbem-9853	79	76	macro	macro	NOUN
fbem-9853	79	77	-	-	NOUN
fbem-9853	79	78	economy	economy	NOUN
fbem-9853	79	79	is	be	AUX
fbem-9853	79	80	mainly	mainly	ADV
fbem-9853	79	81	affected	affect	VERB
fbem-9853	79	82	by	by	ADP
fbem-9853	79	83	the	the	DET
fbem-9853	79	84	internal	internal	ADJ
fbem-9853	79	85	and	and	CCONJ
fbem-9853	79	86	external	external	ADJ
fbem-9853	79	87	economic	economic	ADJ
fbem-9853	79	88	environment	environment	NOUN
fbem-9853	79	89	,	,	PUNCT
fbem-9853	79	90	and	and	CCONJ
fbem-9853	79	91	the	the	DET
fbem-9853	79	92	degree	degree	NOUN
fbem-9853	79	93	of	of	ADP
fbem-9853	79	94	opening	opening	NOUN
fbem-9853	79	95	up	up	ADP
fbem-9853	79	96	can	can	AUX
fbem-9853	79	97	only	only	ADV
fbem-9853	79	98	play	play	VERB
fbem-9853	79	99	a	a	DET
fbem-9853	79	100	temporary	temporary	ADJ
fbem-9853	79	101	role	role	NOUN
fbem-9853	79	102	.	.	PUNCT
fbem-9853	80	1	the	the	DET
fbem-9853	80	2	spread	spread	NOUN
fbem-9853	80	3	of	of	ADP
fbem-9853	80	4	macroeconomic	macroeconomic	ADJ
fbem-9853	80	5	risks	risk	NOUN
fbem-9853	80	6	and	and	CCONJ
fbem-9853	80	7	the	the	DET
fbem-9853	80	8	internationalization	internationalization	NOUN
fbem-9853	80	9	of	of	ADP
fbem-9853	80	10	rmb	rmb	PROPN
fbem-9853	80	11	go	go	VERB
fbem-9853	80	12	hand	hand	NOUN
fbem-9853	80	13	in	in	ADP
fbem-9853	80	14	hand	hand	NOUN
fbem-9853	80	15	,	,	PUNCT
fbem-9853	80	16	indicating	indicate	VERB
fbem-9853	80	17	that	that	SCONJ
fbem-9853	80	18	the	the	DET
fbem-9853	80	19	liberalization	liberalization	NOUN
fbem-9853	80	20	of	of	ADP
fbem-9853	80	21	capital	capital	NOUN
fbem-9853	80	22	account	account	NOUN
fbem-9853	80	23	is	be	AUX
fbem-9853	80	24	conducive	conducive	ADJ
fbem-9853	80	25	to	to	ADP
fbem-9853	80	26	breaking	break	VERB
fbem-9853	80	27	the	the	DET
fbem-9853	80	28	traditional	traditional	ADJ
fbem-9853	80	29	"	"	PUNCT
fbem-9853	80	30	ternary	ternary	ADJ
fbem-9853	80	31	paradox	paradox	NOUN
fbem-9853	80	32	"	"	PUNCT
fbem-9853	80	33	,	,	PUNCT
fbem-9853	80	34	boosting	boost	VERB
fbem-9853	80	35	the	the	DET
fbem-9853	80	36	economy	economy	NOUN
fbem-9853	80	37	and	and	CCONJ
fbem-9853	80	38	promoting	promote	VERB
fbem-9853	80	39	the	the	DET
fbem-9853	80	40	application	application	NOUN
fbem-9853	80	41	of	of	ADP
fbem-9853	80	42	rmb	rmb	NOUN
fbem-9853	80	43	in	in	ADP
fbem-9853	80	44	international	international	ADJ
fbem-9853	80	45	trade	trade	NOUN
fbem-9853	80	46	settlement	settlement	NOUN
fbem-9853	80	47	.	.	PUNCT
fbem-9853	81	1	(	(	PUNCT
fbem-9853	81	2	2	2	X
fbem-9853	81	3	)	)	PUNCT
fbem-9853	81	4	the	the	DET
fbem-9853	81	5	impulse	impulse	ADJ
fbem-9853	81	6	response	response	NOUN
fbem-9853	81	7	results	result	NOUN
fbem-9853	81	8	at	at	ADP
fbem-9853	81	9	different	different	ADJ
fbem-9853	81	10	time	time	NOUN
fbem-9853	81	11	points	point	NOUN
fbem-9853	81	12	show	show	VERB
fbem-9853	81	13	that	that	SCONJ
fbem-9853	81	14	under	under	ADP
fbem-9853	81	15	the	the	DET
fbem-9853	81	16	background	background	NOUN
fbem-9853	81	17	of	of	ADP
fbem-9853	81	18	extreme	extreme	ADJ
fbem-9853	81	19	situation	situation	NOUN
fbem-9853	81	20	,	,	PUNCT
fbem-9853	81	21	the	the	DET
fbem-9853	81	22	constraints	constraint	NOUN
fbem-9853	81	23	of	of	ADP
fbem-9853	81	24	capital	capital	NOUN
fbem-9853	81	25	account	account	NOUN
fbem-9853	81	26	opening	opening	NOUN
fbem-9853	81	27	on	on	ADP
fbem-9853	81	28	macroeconomic	macroeconomic	ADJ
fbem-9853	81	29	risks	risk	NOUN
fbem-9853	81	30	are	be	AUX
fbem-9853	81	31	becoming	become	VERB
fbem-9853	81	32	more	more	ADV
fbem-9853	81	33	and	and	CCONJ
fbem-9853	81	34	more	more	ADV
fbem-9853	81	35	unstable	unstable	ADJ
fbem-9853	81	36	,	,	PUNCT
fbem-9853	81	37	and	and	CCONJ
fbem-9853	81	38	the	the	DET
fbem-9853	81	39	alternating	alternate	VERB
fbem-9853	81	40	fluctuation	fluctuation	NOUN
fbem-9853	81	41	of	of	ADP
fbem-9853	81	42	positive	positive	ADJ
fbem-9853	81	43	and	and	CCONJ
fbem-9853	81	44	negative	negative	ADJ
fbem-9853	81	45	directions	direction	NOUN
fbem-9853	81	46	shows	show	VERB
fbem-9853	81	47	that	that	SCONJ
fbem-9853	81	48	opening	open	VERB
fbem-9853	81	49	up	up	ADP
fbem-9853	81	50	only	only	ADV
fbem-9853	81	51	inhibits	inhibit	VERB
fbem-9853	81	52	the	the	DET
fbem-9853	81	53	spread	spread	NOUN
fbem-9853	81	54	of	of	ADP
fbem-9853	81	55	macroeconomic	macroeconomic	ADJ
fbem-9853	81	56	risks	risk	NOUN
fbem-9853	81	57	in	in	ADP
fbem-9853	81	58	the	the	DET
fbem-9853	81	59	early	early	ADJ
fbem-9853	81	60	stage	stage	NOUN
fbem-9853	81	61	,	,	PUNCT
fbem-9853	81	62	and	and	CCONJ
fbem-9853	81	63	the	the	DET
fbem-9853	81	64	impact	impact	NOUN
fbem-9853	81	65	of	of	ADP
fbem-9853	81	66	external	external	ADJ
fbem-9853	81	67	shocks	shock	NOUN
fbem-9853	81	68	in	in	ADP
fbem-9853	81	69	the	the	DET
fbem-9853	81	70	later	later	ADJ
fbem-9853	81	71	stage	stage	NOUN
fbem-9853	81	72	may	may	AUX
fbem-9853	81	73	in	in	ADP
fbem-9853	81	74	turn	turn	NOUN
fbem-9853	81	75	aggravate	aggravate	VERB
fbem-9853	81	76	risk	risk	NOUN
fbem-9853	81	77	spillover	spillover	NOUN
fbem-9853	81	78	.	.	PUNCT
fbem-9853	82	1	based	base	VERB
fbem-9853	82	2	on	on	ADP
fbem-9853	82	3	the	the	DET
fbem-9853	82	4	background	background	NOUN
fbem-9853	82	5	of	of	ADP
fbem-9853	82	6	macroeconomic	macroeconomic	ADJ
fbem-9853	82	7	risk	risk	NOUN
fbem-9853	82	8	diffusion	diffusion	NOUN
fbem-9853	82	9	in	in	ADP
fbem-9853	82	10	different	different	ADJ
fbem-9853	82	11	periods	period	NOUN
fbem-9853	82	12	,	,	PUNCT
fbem-9853	82	13	the	the	DET
fbem-9853	82	14	international	international	ADJ
fbem-9853	82	15	settlement	settlement	NOUN
fbem-9853	82	16	level	level	NOUN
fbem-9853	82	17	of	of	ADP
fbem-9853	82	18	rmb	rmb	NOUN
fbem-9853	82	19	has	have	AUX
fbem-9853	82	20	also	also	ADV
fbem-9853	82	21	been	be	AUX
fbem-9853	82	22	improved	improve	VERB
fbem-9853	82	23	,	,	PUNCT
fbem-9853	82	24	indicating	indicate	VERB
fbem-9853	82	25	that	that	SCONJ
fbem-9853	82	26	the	the	DET
fbem-9853	82	27	opportunities	opportunity	NOUN
fbem-9853	82	28	and	and	CCONJ
fbem-9853	82	29	challenges	challenge	NOUN
fbem-9853	82	30	brought	bring	VERB
fbem-9853	82	31	by	by	ADP
fbem-9853	82	32	economic	economic	ADJ
fbem-9853	82	33	development	development	NOUN
fbem-9853	82	34	under	under	ADP
fbem-9853	82	35	the	the	DET
fbem-9853	82	36	opening	opening	NOUN
fbem-9853	82	37	of	of	ADP
fbem-9853	82	38	capital	capital	NOUN
fbem-9853	82	39	account	account	NOUN
fbem-9853	82	40	coexist	coexist	NOUN
fbem-9853	82	41	.	.	PUNCT
fbem-9853	83	1	11	11	NUM
fbem-9853	83	2	4.2	4.2	NUM
fbem-9853	83	3	.	.	PUNCT
fbem-9853	84	1	monetary	monetary	ADJ
fbem-9853	84	2	liquidity	liquidity	NOUN
fbem-9853	84	3	risk	risk	NOUN
fbem-9853	84	4	transmission	transmission	NOUN
fbem-9853	84	5	mechanism	mechanism	NOUN
fbem-9853	84	6	figure	figure	NOUN
fbem-9853	84	7	5	5	NUM
fbem-9853	84	8	.	.	PUNCT
fbem-9853	85	1	impulse	impulse	ADJ
fbem-9853	85	2	results	result	NOUN
fbem-9853	85	3	of	of	ADP
fbem-9853	85	4	monetary	monetary	ADJ
fbem-9853	85	5	liquidity	liquidity	NOUN
fbem-9853	85	6	risk	risk	NOUN
fbem-9853	85	7	mechanism	mechanism	NOUN
fbem-9853	85	8	as	as	SCONJ
fbem-9853	85	9	can	can	AUX
fbem-9853	85	10	be	be	AUX
fbem-9853	85	11	seen	see	VERB
fbem-9853	85	12	from	from	ADP
fbem-9853	85	13	figure	figure	NOUN
fbem-9853	85	14	5	5	NUM
fbem-9853	85	15	:	:	PUNCT
fbem-9853	85	16	(	(	PUNCT
fbem-9853	85	17	1	1	X
fbem-9853	85	18	)	)	PUNCT
fbem-9853	85	19	capital	capital	NOUN
fbem-9853	85	20	account	account	NOUN
fbem-9853	85	21	opening	opening	NOUN
fbem-9853	85	22	has	have	AUX
fbem-9853	85	23	restrained	restrain	VERB
fbem-9853	85	24	monetary	monetary	ADJ
fbem-9853	85	25	liquidity	liquidity	NOUN
fbem-9853	85	26	risk	risk	NOUN
fbem-9853	85	27	to	to	ADP
fbem-9853	85	28	a	a	DET
fbem-9853	85	29	considerable	considerable	ADJ
fbem-9853	85	30	extent	extent	NOUN
fbem-9853	85	31	,	,	PUNCT
fbem-9853	85	32	and	and	CCONJ
fbem-9853	85	33	this	this	DET
fbem-9853	85	34	impact	impact	NOUN
fbem-9853	85	35	has	have	AUX
fbem-9853	85	36	gradually	gradually	ADV
fbem-9853	85	37	decreased	decrease	VERB
fbem-9853	85	38	over	over	ADP
fbem-9853	85	39	time	time	NOUN
fbem-9853	85	40	,	,	PUNCT
fbem-9853	85	41	indicating	indicate	VERB
fbem-9853	85	42	that	that	SCONJ
fbem-9853	85	43	the	the	DET
fbem-9853	85	44	orderly	orderly	ADJ
fbem-9853	85	45	promotion	promotion	NOUN
fbem-9853	85	46	of	of	ADP
fbem-9853	85	47	financial	financial	ADJ
fbem-9853	85	48	opening	opening	NOUN
fbem-9853	85	49	has	have	AUX
fbem-9853	85	50	improved	improve	VERB
fbem-9853	85	51	the	the	DET
fbem-9853	85	52	circulation	circulation	NOUN
fbem-9853	85	53	efficiency	efficiency	NOUN
fbem-9853	85	54	of	of	ADP
fbem-9853	85	55	cross	cross	ADJ
fbem-9853	85	56	-	-	ADJ
fbem-9853	85	57	border	border	ADJ
fbem-9853	85	58	funds	fund	NOUN
fbem-9853	85	59	,	,	PUNCT
fbem-9853	85	60	and	and	CCONJ
fbem-9853	85	61	the	the	DET
fbem-9853	85	62	gradual	gradual	ADJ
fbem-9853	85	63	improvement	improvement	NOUN
fbem-9853	85	64	of	of	ADP
fbem-9853	85	65	the	the	DET
fbem-9853	85	66	domestic	domestic	ADJ
fbem-9853	85	67	financial	financial	ADJ
fbem-9853	85	68	system	system	NOUN
fbem-9853	85	69	in	in	ADP
fbem-9853	85	70	line	line	NOUN
fbem-9853	85	71	with	with	ADP
fbem-9853	85	72	international	international	ADJ
fbem-9853	85	73	standards	standard	NOUN
fbem-9853	85	74	has	have	AUX
fbem-9853	85	75	reduced	reduce	VERB
fbem-9853	85	76	the	the	DET
fbem-9853	85	77	impact	impact	NOUN
fbem-9853	85	78	of	of	ADP
fbem-9853	85	79	overseas	overseas	ADJ
fbem-9853	85	80	capital	capital	NOUN
fbem-9853	85	81	flows	flow	NOUN
fbem-9853	85	82	,	,	PUNCT
fbem-9853	85	83	which	which	PRON
fbem-9853	85	84	is	be	AUX
fbem-9853	85	85	conducive	conducive	ADJ
fbem-9853	85	86	to	to	ADP
fbem-9853	85	87	the	the	DET
fbem-9853	85	88	market	market	NOUN
fbem-9853	85	89	digesting	digest	VERB
fbem-9853	85	90	the	the	DET
fbem-9853	85	91	accumulated	accumulate	VERB
fbem-9853	85	92	liquidity	liquidity	NOUN
fbem-9853	85	93	risk	risk	NOUN
fbem-9853	85	94	.	.	PUNCT
fbem-9853	86	1	the	the	DET
fbem-9853	86	2	impact	impact	NOUN
fbem-9853	86	3	of	of	ADP
fbem-9853	86	4	liquidity	liquidity	NOUN
fbem-9853	86	5	monetary	monetary	ADJ
fbem-9853	86	6	risk	risk	NOUN
fbem-9853	86	7	on	on	ADP
fbem-9853	86	8	rmb	rmb	NOUN
fbem-9853	86	9	internationalization	internationalization	NOUN
fbem-9853	86	10	has	have	AUX
fbem-9853	86	11	changed	change	VERB
fbem-9853	86	12	greatly	greatly	ADV
fbem-9853	86	13	,	,	PUNCT
fbem-9853	86	14	and	and	CCONJ
fbem-9853	86	15	the	the	DET
fbem-9853	86	16	positive	positive	ADJ
fbem-9853	86	17	effect	effect	NOUN
fbem-9853	86	18	shown	show	VERB
fbem-9853	86	19	in	in	ADP
fbem-9853	86	20	the	the	DET
fbem-9853	86	21	early	early	ADJ
fbem-9853	86	22	stage	stage	NOUN
fbem-9853	86	23	has	have	AUX
fbem-9853	86	24	changed	change	VERB
fbem-9853	86	25	from	from	ADP
fbem-9853	86	26	concentrated	concentrate	VERB
fbem-9853	86	27	to	to	ADP
fbem-9853	86	28	negative	negative	ADJ
fbem-9853	86	29	around	around	ADP
fbem-9853	86	30	2019	2019	NUM
fbem-9853	86	31	,	,	PUNCT
fbem-9853	86	32	indicating	indicate	VERB
fbem-9853	86	33	that	that	SCONJ
fbem-9853	86	34	the	the	DET
fbem-9853	86	35	opening	opening	NOUN
fbem-9853	86	36	of	of	ADP
fbem-9853	86	37	capital	capital	NOUN
fbem-9853	86	38	account	account	NOUN
fbem-9853	86	39	in	in	ADP
fbem-9853	86	40	the	the	DET
fbem-9853	86	41	initial	initial	ADJ
fbem-9853	86	42	stage	stage	NOUN
fbem-9853	86	43	is	be	AUX
fbem-9853	86	44	not	not	PART
fbem-9853	86	45	enough	enough	ADJ
fbem-9853	86	46	to	to	PART
fbem-9853	86	47	curb	curb	VERB
fbem-9853	86	48	the	the	DET
fbem-9853	86	49	spread	spread	NOUN
fbem-9853	86	50	of	of	ADP
fbem-9853	86	51	monetary	monetary	ADJ
fbem-9853	86	52	liquidity	liquidity	NOUN
fbem-9853	86	53	risk	risk	NOUN
fbem-9853	86	54	in	in	ADP
fbem-9853	86	55	the	the	DET
fbem-9853	86	56	financial	financial	ADJ
fbem-9853	86	57	market	market	NOUN
fbem-9853	86	58	.	.	PUNCT
fbem-9853	87	1	with	with	ADP
fbem-9853	87	2	the	the	DET
fbem-9853	87	3	deepening	deepening	NOUN
fbem-9853	87	4	of	of	ADP
fbem-9853	87	5	financial	financial	ADJ
fbem-9853	87	6	system	system	NOUN
fbem-9853	87	7	reform	reform	NOUN
fbem-9853	87	8	such	such	ADJ
fbem-9853	87	9	as	as	ADP
fbem-9853	87	10	interest	interest	NOUN
fbem-9853	87	11	rate	rate	NOUN
fbem-9853	87	12	liberalization	liberalization	NOUN
fbem-9853	87	13	and	and	CCONJ
fbem-9853	87	14	exchange	exchange	NOUN
fbem-9853	87	15	rate	rate	NOUN
fbem-9853	87	16	marketization	marketization	NOUN
fbem-9853	87	17	,	,	PUNCT
fbem-9853	87	18	the	the	DET
fbem-9853	87	19	level	level	NOUN
fbem-9853	87	20	of	of	ADP
fbem-9853	87	21	marketization	marketization	NOUN
fbem-9853	87	22	of	of	ADP
fbem-9853	87	23	the	the	DET
fbem-9853	87	24	financial	financial	ADJ
fbem-9853	87	25	system	system	NOUN
fbem-9853	87	26	has	have	AUX
fbem-9853	87	27	been	be	AUX
fbem-9853	87	28	significantly	significantly	ADV
fbem-9853	87	29	improved	improve	VERB
fbem-9853	87	30	to	to	PART
fbem-9853	87	31	strengthen	strengthen	VERB
fbem-9853	87	32	the	the	DET
fbem-9853	87	33	level	level	NOUN
fbem-9853	87	34	of	of	ADP
fbem-9853	87	35	risk	risk	NOUN
fbem-9853	87	36	prevention	prevention	NOUN
fbem-9853	87	37	,	,	PUNCT
fbem-9853	87	38	and	and	CCONJ
fbem-9853	87	39	it	it	PRON
fbem-9853	87	40	will	will	AUX
fbem-9853	87	41	take	take	VERB
fbem-9853	87	42	some	some	DET
fbem-9853	87	43	time	time	NOUN
fbem-9853	87	44	for	for	ADP
fbem-9853	87	45	the	the	DET
fbem-9853	87	46	transmission	transmission	NOUN
fbem-9853	87	47	from	from	ADP
fbem-9853	87	48	financial	financial	ADJ
fbem-9853	87	49	regulation	regulation	NOUN
fbem-9853	87	50	to	to	ADP
fbem-9853	87	51	the	the	DET
fbem-9853	87	52	real	real	ADJ
fbem-9853	87	53	economy	economy	NOUN
fbem-9853	87	54	.	.	PUNCT
fbem-9853	88	1	(	(	PUNCT
fbem-9853	88	2	2	2	X
fbem-9853	88	3	)	)	PUNCT
fbem-9853	88	4	impulse	impulse	ADJ
fbem-9853	88	5	response	response	NOUN
fbem-9853	88	6	results	result	NOUN
fbem-9853	88	7	at	at	ADP
fbem-9853	88	8	different	different	ADJ
fbem-9853	88	9	time	time	NOUN
fbem-9853	88	10	points	point	NOUN
fbem-9853	88	11	show	show	VERB
fbem-9853	88	12	that	that	SCONJ
fbem-9853	88	13	capital	capital	NOUN
fbem-9853	88	14	account	account	NOUN
fbem-9853	88	15	opening	opening	NOUN
fbem-9853	88	16	effectively	effectively	ADV
fbem-9853	88	17	inhibits	inhibit	VERB
fbem-9853	88	18	monetary	monetary	ADJ
fbem-9853	88	19	liquidity	liquidity	NOUN
fbem-9853	88	20	risk	risk	NOUN
fbem-9853	88	21	,	,	PUNCT
fbem-9853	88	22	which	which	PRON
fbem-9853	88	23	significantly	significantly	ADV
fbem-9853	88	24	weakens	weaken	VERB
fbem-9853	88	25	the	the	DET
fbem-9853	88	26	international	international	ADJ
fbem-9853	88	27	use	use	NOUN
fbem-9853	88	28	of	of	ADP
fbem-9853	88	29	rmb	rmb	NOUN
fbem-9853	88	30	,	,	PUNCT
fbem-9853	88	31	verifies	verify	VERB
fbem-9853	88	32	the	the	DET
fbem-9853	88	33	transmission	transmission	NOUN
fbem-9853	88	34	mechanism	mechanism	NOUN
fbem-9853	88	35	of	of	ADP
fbem-9853	88	36	"	"	PUNCT
fbem-9853	88	37	capital	capital	NOUN
fbem-9853	88	38	account	account	NOUN
fbem-9853	88	39	opening	open	VERB
fbem-9853	88	40	monetary	monetary	ADJ
fbem-9853	88	41	liquidity	liquidity	NOUN
fbem-9853	88	42	risk	risk	NOUN
fbem-9853	88	43	rmb	rmb	NOUN
fbem-9853	88	44	internationalization	internationalization	NOUN
fbem-9853	88	45	"	"	PUNCT
fbem-9853	88	46	,	,	PUNCT
fbem-9853	88	47	and	and	CCONJ
fbem-9853	88	48	the	the	DET
fbem-9853	88	49	reasonable	reasonable	ADJ
fbem-9853	88	50	explanation	explanation	NOUN
fbem-9853	88	51	for	for	ADP
fbem-9853	88	52	the	the	DET
fbem-9853	88	53	abnormal	abnormal	ADJ
fbem-9853	88	54	results	result	NOUN
fbem-9853	88	55	in	in	ADP
fbem-9853	88	56	the	the	DET
fbem-9853	88	57	third	third	ADJ
fbem-9853	88	58	quarter	quarter	NOUN
fbem-9853	88	59	of	of	ADP
fbem-9853	88	60	2015	2015	NUM
fbem-9853	88	61	is	be	AUX
fbem-9853	88	62	the	the	DET
fbem-9853	88	63	capital	capital	NOUN
fbem-9853	88	64	mismatch	mismatch	NOUN
fbem-9853	88	65	caused	cause	VERB
fbem-9853	88	66	by	by	ADP
fbem-9853	88	67	liquidity	liquidity	NOUN
fbem-9853	88	68	premium	premium	NOUN
fbem-9853	88	69	before	before	ADP
fbem-9853	88	70	the	the	DET
fbem-9853	88	71	outbreak	outbreak	NOUN
fbem-9853	88	72	of	of	ADP
fbem-9853	88	73	the	the	DET
fbem-9853	88	74	stock	stock	NOUN
fbem-9853	88	75	market	market	NOUN
fbem-9853	88	76	crash	crash	NOUN
fbem-9853	88	77	,	,	PUNCT
fbem-9853	88	78	and	and	CCONJ
fbem-9853	88	79	a	a	DET
fbem-9853	88	80	large	large	ADJ
fbem-9853	88	81	number	number	NOUN
fbem-9853	88	82	of	of	ADP
fbem-9853	88	83	overseas	overseas	ADJ
fbem-9853	88	84	speculative	speculative	ADJ
fbem-9853	88	85	capital	capital	NOUN
fbem-9853	88	86	flows	flow	NOUN
fbem-9853	88	87	into	into	ADP
fbem-9853	88	88	china	china	PROPN
fbem-9853	88	89	.	.	PUNCT
fbem-9853	89	1	4.3	4.3	NUM
fbem-9853	89	2	.	.	PUNCT
fbem-9853	89	3	external	external	ADJ
fbem-9853	89	4	market	market	NOUN
fbem-9853	89	5	risk	risk	NOUN
fbem-9853	89	6	transmission	transmission	NOUN
fbem-9853	89	7	mechanism	mechanism	NOUN
fbem-9853	89	8	as	as	SCONJ
fbem-9853	89	9	can	can	AUX
fbem-9853	89	10	be	be	AUX
fbem-9853	89	11	seen	see	VERB
fbem-9853	89	12	from	from	ADP
fbem-9853	89	13	figure	figure	NOUN
fbem-9853	89	14	6	6	NUM
fbem-9853	89	15	:	:	PUNCT
fbem-9853	89	16	(	(	PUNCT
fbem-9853	89	17	1	1	X
fbem-9853	89	18	)	)	PUNCT
fbem-9853	89	19	capital	capital	NOUN
fbem-9853	89	20	account	account	NOUN
fbem-9853	89	21	opening	opening	NOUN
fbem-9853	89	22	has	have	AUX
fbem-9853	89	23	intensified	intensify	VERB
fbem-9853	89	24	the	the	DET
fbem-9853	89	25	spread	spread	NOUN
fbem-9853	89	26	of	of	ADP
fbem-9853	89	27	external	external	ADJ
fbem-9853	89	28	market	market	NOUN
fbem-9853	89	29	risk	risk	NOUN
fbem-9853	89	30	fundamentals	fundamental	NOUN
fbem-9853	89	31	,	,	PUNCT
fbem-9853	89	32	and	and	CCONJ
fbem-9853	89	33	this	this	DET
fbem-9853	89	34	trend	trend	NOUN
fbem-9853	89	35	has	have	AUX
fbem-9853	89	36	slowed	slow	VERB
fbem-9853	89	37	down	down	ADP
fbem-9853	89	38	only	only	ADV
fbem-9853	89	39	in	in	ADP
fbem-9853	89	40	recent	recent	ADJ
fbem-9853	89	41	years	year	NOUN
fbem-9853	89	42	.	.	PUNCT
fbem-9853	90	1	due	due	ADP
fbem-9853	90	2	to	to	ADP
fbem-9853	90	3	the	the	DET
fbem-9853	90	4	expansion	expansion	NOUN
fbem-9853	90	5	of	of	ADP
fbem-9853	90	6	financial	financial	ADJ
fbem-9853	90	7	opening	opening	NOUN
fbem-9853	90	8	,	,	PUNCT
fbem-9853	90	9	which	which	PRON
fbem-9853	90	10	has	have	AUX
fbem-9853	90	11	changed	change	VERB
fbem-9853	90	12	the	the	DET
fbem-9853	90	13	original	original	ADJ
fbem-9853	90	14	strict	strict	ADJ
fbem-9853	90	15	capital	capital	NOUN
fbem-9853	90	16	control	control	NOUN
fbem-9853	90	17	pattern	pattern	NOUN
fbem-9853	90	18	,	,	PUNCT
fbem-9853	90	19	external	external	ADJ
fbem-9853	90	20	market	market	NOUN
fbem-9853	90	21	disturbances	disturbance	NOUN
fbem-9853	90	22	are	be	AUX
fbem-9853	90	23	very	very	ADV
fbem-9853	90	24	easy	easy	ADJ
fbem-9853	90	25	to	to	PART
fbem-9853	90	26	impact	impact	VERB
fbem-9853	90	27	the	the	DET
fbem-9853	90	28	financial	financial	ADJ
fbem-9853	90	29	stability	stability	NOUN
fbem-9853	90	30	of	of	ADP
fbem-9853	90	31	the	the	DET
fbem-9853	90	32	domestic	domestic	ADJ
fbem-9853	90	33	market	market	NOUN
fbem-9853	90	34	.	.	PUNCT
fbem-9853	91	1	in	in	ADP
fbem-9853	91	2	addition	addition	NOUN
fbem-9853	91	3	,	,	PUNCT
fbem-9853	91	4	the	the	DET
fbem-9853	91	5	two	two	NUM
fbem-9853	91	6	-	-	PUNCT
fbem-9853	91	7	way	way	NOUN
fbem-9853	91	8	opening	opening	NOUN
fbem-9853	91	9	of	of	ADP
fbem-9853	91	10	the	the	DET
fbem-9853	91	11	capital	capital	NOUN
fbem-9853	91	12	market	market	NOUN
fbem-9853	91	13	may	may	AUX
fbem-9853	91	14	lead	lead	VERB
fbem-9853	91	15	to	to	PART
fbem-9853	91	16	cross	cross	VERB
fbem-9853	91	17	market	market	NOUN
fbem-9853	91	18	contagion	contagion	NOUN
fbem-9853	91	19	of	of	ADP
fbem-9853	91	20	internal	internal	ADJ
fbem-9853	91	21	and	and	CCONJ
fbem-9853	91	22	external	external	ADJ
fbem-9853	91	23	risks	risk	NOUN
fbem-9853	91	24	[	[	X
fbem-9853	91	25	16	16	NUM
fbem-9853	91	26	]	]	PUNCT
fbem-9853	91	27	.	.	PUNCT
fbem-9853	92	1	the	the	DET
fbem-9853	92	2	impact	impact	NOUN
fbem-9853	92	3	of	of	ADP
fbem-9853	92	4	external	external	ADJ
fbem-9853	92	5	market	market	NOUN
fbem-9853	92	6	risks	risk	NOUN
fbem-9853	92	7	has	have	AUX
fbem-9853	92	8	greatly	greatly	ADV
fbem-9853	92	9	weakened	weaken	VERB
fbem-9853	92	10	the	the	DET
fbem-9853	92	11	level	level	NOUN
fbem-9853	92	12	of	of	ADP
fbem-9853	92	13	rmb	rmb	NOUN
fbem-9853	92	14	internationalization	internationalization	NOUN
fbem-9853	92	15	.	.	PUNCT
fbem-9853	93	1	considering	consider	VERB
fbem-9853	93	2	that	that	SCONJ
fbem-9853	93	3	the	the	DET
fbem-9853	93	4	current	current	ADJ
fbem-9853	93	5	international	international	ADJ
fbem-9853	93	6	environment	environment	NOUN
fbem-9853	93	7	is	be	AUX
fbem-9853	93	8	becoming	become	VERB
fbem-9853	93	9	more	more	ADV
fbem-9853	93	10	and	and	CCONJ
fbem-9853	93	11	more	more	ADV
fbem-9853	93	12	complex	complex	ADJ
fbem-9853	93	13	,	,	PUNCT
fbem-9853	93	14	the	the	DET
fbem-9853	93	15	popularity	popularity	NOUN
fbem-9853	93	16	of	of	ADP
fbem-9853	93	17	unilateralism	unilateralism	NOUN
fbem-9853	93	18	,	,	PUNCT
fbem-9853	93	19	protectionism	protectionism	NOUN
fbem-9853	93	20	,	,	PUNCT
fbem-9853	93	21	hegemonism	hegemonism	NOUN
fbem-9853	93	22	and	and	CCONJ
fbem-9853	93	23	anti	anti	NOUN
fbem-9853	93	24	globalization	globalization	NOUN
fbem-9853	93	25	has	have	AUX
fbem-9853	93	26	led	lead	VERB
fbem-9853	93	27	to	to	PART
fbem-9853	93	28	increasingly	increasingly	ADV
fbem-9853	93	29	fierce	fierce	VERB
fbem-9853	93	30	international	international	ADJ
fbem-9853	93	31	monetary	monetary	ADJ
fbem-9853	93	32	competition	competition	NOUN
fbem-9853	93	33	,	,	PUNCT
fbem-9853	93	34	and	and	CCONJ
fbem-9853	93	35	the	the	DET
fbem-9853	93	36	difficulty	difficulty	NOUN
fbem-9853	93	37	of	of	ADP
fbem-9853	93	38	rmb	rmb	PROPN
fbem-9853	93	39	international	international	ADJ
fbem-9853	93	40	use	use	NOUN
fbem-9853	93	41	to	to	PART
fbem-9853	93	42	break	break	VERB
fbem-9853	93	43	through	through	ADP
fbem-9853	93	44	the	the	DET
fbem-9853	93	45	network	network	NOUN
fbem-9853	93	46	effect	effect	NOUN
fbem-9853	93	47	has	have	AUX
fbem-9853	93	48	further	far	ADV
fbem-9853	93	49	increased	increase	VERB
fbem-9853	93	50	.	.	PUNCT
fbem-9853	94	1	(	(	PUNCT
fbem-9853	94	2	2	2	X
fbem-9853	94	3	)	)	PUNCT
fbem-9853	94	4	the	the	DET
fbem-9853	94	5	impulse	impulse	ADJ
fbem-9853	94	6	response	response	NOUN
fbem-9853	94	7	results	result	NOUN
fbem-9853	94	8	at	at	ADP
fbem-9853	94	9	different	different	ADJ
fbem-9853	94	10	time	time	NOUN
fbem-9853	94	11	points	point	NOUN
fbem-9853	94	12	can	can	AUX
fbem-9853	94	13	be	be	AUX
fbem-9853	94	14	seen	see	VERB
fbem-9853	94	15	that	that	SCONJ
fbem-9853	94	16	the	the	DET
fbem-9853	94	17	external	external	ADJ
fbem-9853	94	18	market	market	NOUN
fbem-9853	94	19	risks	risk	NOUN
fbem-9853	94	20	brought	bring	VERB
fbem-9853	94	21	about	about	ADP
fbem-9853	94	22	by	by	ADP
fbem-9853	94	23	the	the	DET
fbem-9853	94	24	opening	opening	NOUN
fbem-9853	94	25	of	of	ADP
fbem-9853	94	26	the	the	DET
fbem-9853	94	27	capital	capital	NOUN
fbem-9853	94	28	account	account	NOUN
fbem-9853	94	29	are	be	AUX
fbem-9853	94	30	decreasing	decrease	VERB
fbem-9853	94	31	year	year	NOUN
fbem-9853	94	32	by	by	ADP
fbem-9853	94	33	year	year	NOUN
fbem-9853	94	34	.	.	PUNCT
fbem-9853	95	1	in	in	ADP
fbem-9853	95	2	view	view	NOUN
fbem-9853	95	3	of	of	ADP
fbem-9853	95	4	the	the	DET
fbem-9853	95	5	continuous	continuous	ADJ
fbem-9853	95	6	improvement	improvement	NOUN
fbem-9853	95	7	of	of	ADP
fbem-9853	95	8	the	the	DET
fbem-9853	95	9	dual	dual	ADJ
fbem-9853	95	10	pillar	pillar	NOUN
fbem-9853	95	11	regulatory	regulatory	ADJ
fbem-9853	95	12	framework	framework	NOUN
fbem-9853	95	13	of	of	ADP
fbem-9853	95	14	monetary	monetary	ADJ
fbem-9853	95	15	policy	policy	NOUN
fbem-9853	95	16	and	and	CCONJ
fbem-9853	95	17	macro	macro	ADJ
fbem-9853	95	18	prudential	prudential	ADJ
fbem-9853	95	19	policy	policy	NOUN
fbem-9853	95	20	,	,	PUNCT
fbem-9853	95	21	the	the	DET
fbem-9853	95	22	impact	impact	NOUN
fbem-9853	95	23	of	of	ADP
fbem-9853	95	24	the	the	DET
fbem-9853	95	25	outbreak	outbreak	NOUN
fbem-9853	95	26	of	of	ADP
fbem-9853	95	27	the	the	DET
fbem-9853	95	28	war	war	NOUN
fbem-9853	95	29	between	between	ADP
fbem-9853	95	30	russia	russia	PROPN
fbem-9853	95	31	and	and	CCONJ
fbem-9853	95	32	ukraine	ukraine	NOUN
fbem-9853	95	33	in	in	ADP
fbem-9853	95	34	2022	2022	NUM
fbem-9853	95	35	is	be	AUX
fbem-9853	95	36	no	no	ADV
fbem-9853	95	37	longer	long	ADV
fbem-9853	95	38	significant	significant	ADJ
fbem-9853	95	39	after	after	ADP
fbem-9853	95	40	the	the	DET
fbem-9853	95	41	third	third	ADJ
fbem-9853	95	42	period	period	NOUN
fbem-9853	95	43	,	,	PUNCT
fbem-9853	95	44	indicating	indicate	VERB
fbem-9853	95	45	that	that	SCONJ
fbem-9853	95	46	macro	macro	PROPN
fbem-9853	95	47	prudential	prudential	PROPN
fbem-9853	95	48	management	management	NOUN
fbem-9853	95	49	can	can	AUX
fbem-9853	95	50	effectively	effectively	ADV
fbem-9853	95	51	alleviate	alleviate	VERB
fbem-9853	95	52	12	12	NUM
fbem-9853	95	53	external	external	ADJ
fbem-9853	95	54	risks	risk	NOUN
fbem-9853	95	55	.	.	PUNCT
fbem-9853	96	1	the	the	DET
fbem-9853	96	2	impact	impact	NOUN
fbem-9853	96	3	of	of	ADP
fbem-9853	96	4	rmb	rmb	NOUN
fbem-9853	96	5	internationalization	internationalization	NOUN
fbem-9853	96	6	on	on	ADP
fbem-9853	96	7	external	external	ADJ
fbem-9853	96	8	market	market	NOUN
fbem-9853	96	9	risks	risk	NOUN
fbem-9853	96	10	shows	show	VERB
fbem-9853	96	11	a	a	DET
fbem-9853	96	12	reverse	reverse	ADJ
fbem-9853	96	13	trend	trend	NOUN
fbem-9853	96	14	,	,	PUNCT
fbem-9853	96	15	indicating	indicate	VERB
fbem-9853	96	16	that	that	SCONJ
fbem-9853	96	17	external	external	ADJ
fbem-9853	96	18	market	market	NOUN
fbem-9853	96	19	risks	risk	NOUN
fbem-9853	96	20	are	be	AUX
fbem-9853	96	21	not	not	PART
fbem-9853	96	22	conducive	conducive	ADJ
fbem-9853	96	23	to	to	ADP
fbem-9853	96	24	the	the	DET
fbem-9853	96	25	increase	increase	NOUN
fbem-9853	96	26	of	of	ADP
fbem-9853	96	27	rmb	rmb	NOUN
fbem-9853	96	28	asset	asset	NOUN
fbem-9853	96	29	scale	scale	NOUN
fbem-9853	96	30	.	.	PUNCT
fbem-9853	97	1	the	the	DET
fbem-9853	97	2	transmission	transmission	NOUN
fbem-9853	97	3	mechanism	mechanism	NOUN
fbem-9853	97	4	of	of	ADP
fbem-9853	97	5	"	"	PUNCT
fbem-9853	97	6	capital	capital	NOUN
fbem-9853	97	7	account	account	NOUN
fbem-9853	97	8	opening	open	VERB
fbem-9853	97	9	external	external	ADJ
fbem-9853	97	10	market	market	NOUN
fbem-9853	97	11	risk	risk	NOUN
fbem-9853	97	12	rmb	rmb	NOUN
fbem-9853	97	13	internationalization	internationalization	NOUN
fbem-9853	97	14	"	"	PUNCT
fbem-9853	97	15	has	have	AUX
fbem-9853	97	16	not	not	PART
fbem-9853	97	17	been	be	AUX
fbem-9853	97	18	confirmed	confirm	VERB
fbem-9853	97	19	,	,	PUNCT
fbem-9853	97	20	indicating	indicate	VERB
fbem-9853	97	21	that	that	SCONJ
fbem-9853	97	22	china	china	PROPN
fbem-9853	97	23	's	's	PART
fbem-9853	97	24	capital	capital	NOUN
fbem-9853	97	25	account	account	NOUN
fbem-9853	97	26	is	be	AUX
fbem-9853	97	27	not	not	PART
fbem-9853	97	28	easy	easy	ADJ
fbem-9853	97	29	to	to	PART
fbem-9853	97	30	fully	fully	ADV
fbem-9853	97	31	open	open	VERB
fbem-9853	97	32	at	at	ADP
fbem-9853	97	33	present	present	ADJ
fbem-9853	97	34	,	,	PUNCT
fbem-9853	97	35	which	which	PRON
fbem-9853	97	36	needs	need	VERB
fbem-9853	97	37	to	to	PART
fbem-9853	97	38	be	be	AUX
fbem-9853	97	39	regulated	regulate	VERB
fbem-9853	97	40	by	by	ADP
fbem-9853	97	41	macro	macro	ADJ
fbem-9853	97	42	prudential	prudential	PROPN
fbem-9853	97	43	policies	policy	NOUN
fbem-9853	97	44	.	.	PUNCT
fbem-9853	98	1	figure	figure	VERB
fbem-9853	98	2	6	6	NUM
fbem-9853	98	3	.	.	PUNCT
fbem-9853	99	1	impulse	impulse	ADJ
fbem-9853	99	2	results	result	NOUN
fbem-9853	99	3	of	of	ADP
fbem-9853	99	4	external	external	ADJ
fbem-9853	99	5	market	market	NOUN
fbem-9853	99	6	risk	risk	NOUN
fbem-9853	99	7	mechanism	mechanism	NOUN
fbem-9853	99	8	figure	figure	NOUN
fbem-9853	99	9	7	7	NUM
fbem-9853	99	10	.	.	PUNCT
fbem-9853	99	11	impulse	impulse	ADJ
fbem-9853	99	12	results	result	NOUN
fbem-9853	99	13	of	of	ADP
fbem-9853	99	14	asset	asset	NOUN
fbem-9853	99	15	bubble	bubble	NOUN
fbem-9853	99	16	risk	risk	NOUN
fbem-9853	99	17	mechanism	mechanism	NOUN
fbem-9853	99	18	13	13	NUM
fbem-9853	99	19	4.4	4.4	NUM
fbem-9853	99	20	.	.	PUNCT
fbem-9853	100	1	asset	asset	NOUN
fbem-9853	100	2	bubble	bubble	NOUN
fbem-9853	100	3	risk	risk	NOUN
fbem-9853	100	4	transmission	transmission	NOUN
fbem-9853	100	5	mechanism	mechanism	NOUN
fbem-9853	100	6	as	as	SCONJ
fbem-9853	100	7	can	can	AUX
fbem-9853	100	8	be	be	AUX
fbem-9853	100	9	seen	see	VERB
fbem-9853	100	10	from	from	ADP
fbem-9853	100	11	figure	figure	NOUN
fbem-9853	100	12	7	7	NUM
fbem-9853	100	13	:	:	PUNCT
fbem-9853	100	14	(	(	PUNCT
fbem-9853	100	15	1	1	X
fbem-9853	100	16	)	)	PUNCT
fbem-9853	100	17	the	the	DET
fbem-9853	100	18	opening	opening	NOUN
fbem-9853	100	19	of	of	ADP
fbem-9853	100	20	the	the	DET
fbem-9853	100	21	capital	capital	NOUN
fbem-9853	100	22	account	account	NOUN
fbem-9853	100	23	has	have	VERB
fbem-9853	100	24	a	a	DET
fbem-9853	100	25	significant	significant	ADJ
fbem-9853	100	26	inhibitory	inhibitory	ADJ
fbem-9853	100	27	effect	effect	NOUN
fbem-9853	100	28	on	on	ADP
fbem-9853	100	29	the	the	DET
fbem-9853	100	30	risk	risk	NOUN
fbem-9853	100	31	of	of	ADP
fbem-9853	100	32	asset	asset	NOUN
fbem-9853	100	33	bubbles	bubble	NOUN
fbem-9853	100	34	,	,	PUNCT
fbem-9853	100	35	but	but	CCONJ
fbem-9853	100	36	the	the	DET
fbem-9853	100	37	effect	effect	NOUN
fbem-9853	100	38	began	begin	VERB
fbem-9853	100	39	to	to	PART
fbem-9853	100	40	decline	decline	VERB
fbem-9853	100	41	in	in	ADP
fbem-9853	100	42	2019	2019	NUM
fbem-9853	100	43	,	,	PUNCT
fbem-9853	100	44	especially	especially	ADV
fbem-9853	100	45	in	in	ADP
fbem-9853	100	46	the	the	DET
fbem-9853	100	47	long	long	ADJ
fbem-9853	100	48	run	run	NOUN
fbem-9853	100	49	,	,	PUNCT
fbem-9853	100	50	the	the	DET
fbem-9853	100	51	risk	risk	NOUN
fbem-9853	100	52	of	of	ADP
fbem-9853	100	53	asset	asset	NOUN
fbem-9853	100	54	bubbles	bubble	NOUN
fbem-9853	100	55	is	be	AUX
fbem-9853	100	56	on	on	ADP
fbem-9853	100	57	the	the	DET
fbem-9853	100	58	rise	rise	NOUN
fbem-9853	100	59	.	.	PUNCT
fbem-9853	101	1	considering	consider	VERB
fbem-9853	101	2	that	that	SCONJ
fbem-9853	101	3	trade	trade	NOUN
fbem-9853	101	4	frictions	friction	NOUN
fbem-9853	101	5	between	between	ADP
fbem-9853	101	6	china	china	PROPN
fbem-9853	101	7	and	and	CCONJ
fbem-9853	101	8	the	the	DET
fbem-9853	101	9	united	united	PROPN
fbem-9853	101	10	states	states	PROPN
fbem-9853	101	11	,	,	PUNCT
fbem-9853	101	12	the	the	DET
fbem-9853	101	13	outbreak	outbreak	NOUN
fbem-9853	101	14	of	of	ADP
fbem-9853	101	15	the	the	DET
fbem-9853	101	16	covid-19	covid-19	PROPN
fbem-9853	101	17	epidemic	epidemic	NOUN
fbem-9853	101	18	and	and	CCONJ
fbem-9853	101	19	brexit	brexit	NOUN
fbem-9853	101	20	have	have	AUX
fbem-9853	101	21	forced	force	VERB
fbem-9853	101	22	the	the	DET
fbem-9853	101	23	global	global	ADJ
fbem-9853	101	24	financialization	financialization	NOUN
fbem-9853	101	25	dividend	dividend	NOUN
fbem-9853	101	26	to	to	ADP
fbem-9853	101	27	ebb	ebb	NOUN
fbem-9853	101	28	in	in	ADP
fbem-9853	101	29	recent	recent	ADJ
fbem-9853	101	30	years	year	NOUN
fbem-9853	101	31	,	,	PUNCT
fbem-9853	101	32	under	under	ADP
fbem-9853	101	33	the	the	DET
fbem-9853	101	34	background	background	NOUN
fbem-9853	101	35	of	of	ADP
fbem-9853	101	36	world	world	NOUN
fbem-9853	101	37	finance	finance	NOUN
fbem-9853	101	38	,	,	PUNCT
fbem-9853	101	39	trade	trade	NOUN
fbem-9853	101	40	and	and	CCONJ
fbem-9853	101	41	real	real	ADJ
fbem-9853	101	42	tightening	tightening	NOUN
fbem-9853	101	43	,	,	PUNCT
fbem-9853	101	44	faced	face	VERB
fbem-9853	101	45	with	with	ADP
fbem-9853	101	46	the	the	DET
fbem-9853	101	47	bursting	bursting	NOUN
fbem-9853	101	48	of	of	ADP
fbem-9853	101	49	asset	asset	NOUN
fbem-9853	101	50	bubbles	bubble	NOUN
fbem-9853	101	51	,	,	PUNCT
fbem-9853	101	52	the	the	DET
fbem-9853	101	53	role	role	NOUN
fbem-9853	101	54	of	of	ADP
fbem-9853	101	55	capital	capital	NOUN
fbem-9853	101	56	control	control	NOUN
fbem-9853	101	57	is	be	AUX
fbem-9853	101	58	limited	limited	ADJ
fbem-9853	101	59	.	.	PUNCT
fbem-9853	102	1	asset	asset	NOUN
fbem-9853	102	2	bubble	bubble	NOUN
fbem-9853	102	3	risk	risk	NOUN
fbem-9853	102	4	has	have	AUX
fbem-9853	102	5	weakened	weaken	VERB
fbem-9853	102	6	the	the	DET
fbem-9853	102	7	internationalization	internationalization	NOUN
fbem-9853	102	8	level	level	NOUN
fbem-9853	102	9	of	of	ADP
fbem-9853	102	10	rmb	rmb	NOUN
fbem-9853	102	11	as	as	ADP
fbem-9853	102	12	a	a	DET
fbem-9853	102	13	whole	whole	NOUN
fbem-9853	102	14	,	,	PUNCT
fbem-9853	102	15	but	but	CCONJ
fbem-9853	102	16	the	the	DET
fbem-9853	102	17	three	three	NUM
fbem-9853	102	18	phase	phase	NOUN
fbem-9853	102	19	response	response	NOUN
fbem-9853	102	20	shows	show	VERB
fbem-9853	102	21	obvious	obvious	ADJ
fbem-9853	102	22	differences	difference	NOUN
fbem-9853	102	23	.	.	PUNCT
fbem-9853	103	1	combined	combine	VERB
fbem-9853	103	2	with	with	ADP
fbem-9853	103	3	the	the	DET
fbem-9853	103	4	actual	actual	ADJ
fbem-9853	103	5	situation	situation	NOUN
fbem-9853	103	6	,	,	PUNCT
fbem-9853	103	7	the	the	DET
fbem-9853	103	8	changes	change	NOUN
fbem-9853	103	9	of	of	ADP
fbem-9853	103	10	impulse	impulse	ADJ
fbem-9853	103	11	response	response	NOUN
fbem-9853	103	12	mainly	mainly	ADV
fbem-9853	103	13	come	come	VERB
fbem-9853	103	14	from	from	ADP
fbem-9853	103	15	policy	policy	NOUN
fbem-9853	103	16	changes	change	NOUN
fbem-9853	103	17	such	such	ADJ
fbem-9853	103	18	as	as	ADP
fbem-9853	103	19	fiscal	fiscal	ADJ
fbem-9853	103	20	and	and	CCONJ
fbem-9853	103	21	taxation	taxation	NOUN
fbem-9853	103	22	system	system	NOUN
fbem-9853	103	23	reform	reform	NOUN
fbem-9853	103	24	and	and	CCONJ
fbem-9853	103	25	exchange	exchange	NOUN
fbem-9853	103	26	rate	rate	NOUN
fbem-9853	103	27	system	system	NOUN
fbem-9853	103	28	reform	reform	NOUN
fbem-9853	103	29	.	.	PUNCT
fbem-9853	104	1	the	the	DET
fbem-9853	104	2	initial	initial	ADJ
fbem-9853	104	3	promulgation	promulgation	NOUN
fbem-9853	104	4	of	of	ADP
fbem-9853	104	5	the	the	DET
fbem-9853	104	6	policy	policy	NOUN
fbem-9853	104	7	will	will	AUX
fbem-9853	104	8	shake	shake	VERB
fbem-9853	104	9	the	the	DET
fbem-9853	104	10	capital	capital	NOUN
fbem-9853	104	11	market	market	NOUN
fbem-9853	104	12	,	,	PUNCT
fbem-9853	104	13	which	which	PRON
fbem-9853	104	14	is	be	AUX
fbem-9853	104	15	more	more	ADV
fbem-9853	104	16	sensitive	sensitive	ADJ
fbem-9853	104	17	to	to	ADP
fbem-9853	104	18	foreign	foreign	ADJ
fbem-9853	104	19	investors	investor	NOUN
fbem-9853	104	20	.	.	PUNCT
fbem-9853	105	1	(	(	PUNCT
fbem-9853	105	2	2	2	X
fbem-9853	105	3	)	)	PUNCT
fbem-9853	105	4	the	the	DET
fbem-9853	105	5	impulse	impulse	ADJ
fbem-9853	105	6	response	response	NOUN
fbem-9853	105	7	results	result	NOUN
fbem-9853	105	8	at	at	ADP
fbem-9853	105	9	different	different	ADJ
fbem-9853	105	10	time	time	NOUN
fbem-9853	105	11	points	point	NOUN
fbem-9853	105	12	show	show	VERB
fbem-9853	105	13	that	that	SCONJ
fbem-9853	105	14	the	the	DET
fbem-9853	105	15	opening	opening	NOUN
fbem-9853	105	16	of	of	ADP
fbem-9853	105	17	capital	capital	NOUN
fbem-9853	105	18	account	account	NOUN
fbem-9853	105	19	generally	generally	ADV
fbem-9853	105	20	reduces	reduce	VERB
fbem-9853	105	21	the	the	DET
fbem-9853	105	22	risk	risk	NOUN
fbem-9853	105	23	of	of	ADP
fbem-9853	105	24	asset	asset	NOUN
fbem-9853	105	25	bubbles	bubble	NOUN
fbem-9853	105	26	,	,	PUNCT
fbem-9853	105	27	thanks	thank	NOUN
fbem-9853	105	28	to	to	ADP
fbem-9853	105	29	the	the	DET
fbem-9853	105	30	free	free	ADJ
fbem-9853	105	31	flow	flow	NOUN
fbem-9853	105	32	of	of	ADP
fbem-9853	105	33	capital	capital	NOUN
fbem-9853	105	34	factors	factor	NOUN
fbem-9853	105	35	under	under	ADP
fbem-9853	105	36	the	the	DET
fbem-9853	105	37	open	open	ADJ
fbem-9853	105	38	economy	economy	NOUN
fbem-9853	105	39	,	,	PUNCT
fbem-9853	105	40	and	and	CCONJ
fbem-9853	105	41	dilutes	dilute	VERB
fbem-9853	105	42	the	the	DET
fbem-9853	105	43	asset	asset	NOUN
fbem-9853	105	44	bubbles	bubble	NOUN
fbem-9853	105	45	caused	cause	VERB
fbem-9853	105	46	by	by	ADP
fbem-9853	105	47	economic	economic	ADJ
fbem-9853	105	48	overheating	overheating	NOUN
fbem-9853	105	49	by	by	ADP
fbem-9853	105	50	optimizing	optimize	VERB
fbem-9853	105	51	the	the	DET
fbem-9853	105	52	allocation	allocation	NOUN
fbem-9853	105	53	of	of	ADP
fbem-9853	105	54	resources	resource	NOUN
fbem-9853	105	55	.	.	PUNCT
fbem-9853	106	1	in	in	ADP
fbem-9853	106	2	addition	addition	NOUN
fbem-9853	106	3	,	,	PUNCT
fbem-9853	106	4	financial	financial	ADJ
fbem-9853	106	5	openness	openness	NOUN
fbem-9853	106	6	improves	improve	VERB
fbem-9853	106	7	the	the	DET
fbem-9853	106	8	efficiency	efficiency	NOUN
fbem-9853	106	9	of	of	ADP
fbem-9853	106	10	capital	capital	NOUN
fbem-9853	106	11	market	market	NOUN
fbem-9853	106	12	information	information	NOUN
fbem-9853	106	13	by	by	ADP
fbem-9853	106	14	improving	improve	VERB
fbem-9853	106	15	the	the	DET
fbem-9853	106	16	quality	quality	NOUN
fbem-9853	106	17	of	of	ADP
fbem-9853	106	18	enterprise	enterprise	NOUN
fbem-9853	106	19	information	information	NOUN
fbem-9853	106	20	disclosure	disclosure	NOUN
fbem-9853	106	21	and	and	CCONJ
fbem-9853	106	22	effectively	effectively	ADV
fbem-9853	106	23	curbs	curb	VERB
fbem-9853	106	24	the	the	DET
fbem-9853	106	25	source	source	NOUN
fbem-9853	106	26	of	of	ADP
fbem-9853	106	27	risk	risk	NOUN
fbem-9853	106	28	[	[	X
fbem-9853	106	29	17	17	NUM
fbem-9853	106	30	]	]	PUNCT
fbem-9853	106	31	.	.	PUNCT
fbem-9853	107	1	the	the	DET
fbem-9853	107	2	rapid	rapid	ADJ
fbem-9853	107	3	expansion	expansion	NOUN
fbem-9853	107	4	of	of	ADP
fbem-9853	107	5	asset	asset	NOUN
fbem-9853	107	6	bubbles	bubble	NOUN
fbem-9853	107	7	under	under	ADP
fbem-9853	107	8	different	different	ADJ
fbem-9853	107	9	backgrounds	background	NOUN
fbem-9853	107	10	has	have	AUX
fbem-9853	107	11	hindered	hinder	VERB
fbem-9853	107	12	the	the	DET
fbem-9853	107	13	development	development	NOUN
fbem-9853	107	14	of	of	ADP
fbem-9853	107	15	rmb	rmb	NOUN
fbem-9853	107	16	internationalization	internationalization	NOUN
fbem-9853	107	17	.	.	PUNCT
fbem-9853	108	1	the	the	DET
fbem-9853	108	2	temporary	temporary	ADJ
fbem-9853	108	3	positive	positive	ADJ
fbem-9853	108	4	fluctuation	fluctuation	NOUN
fbem-9853	108	5	in	in	ADP
fbem-9853	108	6	the	the	DET
fbem-9853	108	7	third	third	ADJ
fbem-9853	108	8	quarter	quarter	NOUN
fbem-9853	108	9	of	of	ADP
fbem-9853	108	10	2015	2015	NUM
fbem-9853	108	11	comes	come	VERB
fbem-9853	108	12	from	from	ADP
fbem-9853	108	13	the	the	DET
fbem-9853	108	14	attraction	attraction	NOUN
fbem-9853	108	15	of	of	ADP
fbem-9853	108	16	stock	stock	NOUN
fbem-9853	108	17	market	market	NOUN
fbem-9853	108	18	bubbles	bubble	NOUN
fbem-9853	108	19	to	to	ADP
fbem-9853	108	20	short	short	ADJ
fbem-9853	108	21	-	-	PUNCT
fbem-9853	108	22	term	term	NOUN
fbem-9853	108	23	capital	capital	NOUN
fbem-9853	108	24	,	,	PUNCT
fbem-9853	108	25	which	which	PRON
fbem-9853	108	26	echoes	echo	VERB
fbem-9853	108	27	the	the	DET
fbem-9853	108	28	previous	previous	ADJ
fbem-9853	108	29	analysis	analysis	NOUN
fbem-9853	108	30	.	.	PUNCT
fbem-9853	109	1	5	5	X
fbem-9853	109	2	.	.	X
fbem-9853	109	3	conclusions	conclusion	NOUN
fbem-9853	109	4	first	first	ADV
fbem-9853	109	5	,	,	PUNCT
fbem-9853	109	6	on	on	ADP
fbem-9853	109	7	the	the	DET
fbem-9853	109	8	whole	whole	NOUN
fbem-9853	109	9	,	,	PUNCT
fbem-9853	109	10	the	the	DET
fbem-9853	109	11	gradual	gradual	ADJ
fbem-9853	109	12	opening	opening	NOUN
fbem-9853	109	13	of	of	ADP
fbem-9853	109	14	the	the	DET
fbem-9853	109	15	capital	capital	NOUN
fbem-9853	109	16	account	account	NOUN
fbem-9853	109	17	has	have	AUX
fbem-9853	109	18	promoted	promote	VERB
fbem-9853	109	19	the	the	DET
fbem-9853	109	20	development	development	NOUN
fbem-9853	109	21	of	of	ADP
fbem-9853	109	22	rmb	rmb	NOUN
fbem-9853	109	23	internationalization	internationalization	NOUN
fbem-9853	109	24	,	,	PUNCT
fbem-9853	109	25	and	and	CCONJ
fbem-9853	109	26	the	the	DET
fbem-9853	109	27	international	international	ADJ
fbem-9853	109	28	use	use	NOUN
fbem-9853	109	29	of	of	ADP
fbem-9853	109	30	rmb	rmb	NOUN
fbem-9853	109	31	has	have	AUX
fbem-9853	109	32	attracted	attract	VERB
fbem-9853	109	33	foreign	foreign	ADJ
fbem-9853	109	34	capital	capital	NOUN
fbem-9853	109	35	inflows	inflow	NOUN
fbem-9853	109	36	and	and	CCONJ
fbem-9853	109	37	forced	force	VERB
fbem-9853	109	38	the	the	DET
fbem-9853	109	39	expansion	expansion	NOUN
fbem-9853	109	40	of	of	ADP
fbem-9853	109	41	capital	capital	NOUN
fbem-9853	109	42	account	account	NOUN
fbem-9853	109	43	opening	opening	NOUN
fbem-9853	109	44	.	.	PUNCT
fbem-9853	110	1	secondly	secondly	ADV
fbem-9853	110	2	,	,	PUNCT
fbem-9853	110	3	while	while	SCONJ
fbem-9853	110	4	the	the	DET
fbem-9853	110	5	opening	opening	NOUN
fbem-9853	110	6	of	of	ADP
fbem-9853	110	7	capital	capital	NOUN
fbem-9853	110	8	account	account	NOUN
fbem-9853	110	9	drives	drive	VERB
fbem-9853	110	10	the	the	DET
fbem-9853	110	11	rapid	rapid	ADJ
fbem-9853	110	12	development	development	NOUN
fbem-9853	110	13	of	of	ADP
fbem-9853	110	14	the	the	DET
fbem-9853	110	15	economy	economy	NOUN
fbem-9853	110	16	,	,	PUNCT
fbem-9853	110	17	it	it	PRON
fbem-9853	110	18	intensifies	intensify	VERB
fbem-9853	110	19	the	the	DET
fbem-9853	110	20	spillover	spillover	NOUN
fbem-9853	110	21	of	of	ADP
fbem-9853	110	22	macroeconomic	macroeconomic	ADJ
fbem-9853	110	23	risks	risk	NOUN
fbem-9853	110	24	,	,	PUNCT
fbem-9853	110	25	which	which	PRON
fbem-9853	110	26	brings	bring	VERB
fbem-9853	110	27	opportunities	opportunity	NOUN
fbem-9853	110	28	and	and	CCONJ
fbem-9853	110	29	challenges	challenge	NOUN
fbem-9853	110	30	to	to	ADP
fbem-9853	110	31	the	the	DET
fbem-9853	110	32	development	development	NOUN
fbem-9853	110	33	of	of	ADP
fbem-9853	110	34	rmb	rmb	PROPN
fbem-9853	110	35	internationalization	internationalization	NOUN
fbem-9853	110	36	.	.	PUNCT
fbem-9853	111	1	thirdly	thirdly	ADV
fbem-9853	111	2	,	,	PUNCT
fbem-9853	111	3	the	the	DET
fbem-9853	111	4	opening	opening	NOUN
fbem-9853	111	5	of	of	ADP
fbem-9853	111	6	capital	capital	NOUN
fbem-9853	111	7	account	account	NOUN
fbem-9853	111	8	has	have	AUX
fbem-9853	111	9	effectively	effectively	ADV
fbem-9853	111	10	restrained	restrain	VERB
fbem-9853	111	11	the	the	DET
fbem-9853	111	12	risk	risk	NOUN
fbem-9853	111	13	of	of	ADP
fbem-9853	111	14	monetary	monetary	ADJ
fbem-9853	111	15	liquidity	liquidity	NOUN
fbem-9853	111	16	,	,	PUNCT
fbem-9853	111	17	but	but	CCONJ
fbem-9853	111	18	the	the	DET
fbem-9853	111	19	incentive	incentive	NOUN
fbem-9853	111	20	for	for	ADP
fbem-9853	111	21	rmb	rmb	NOUN
fbem-9853	111	22	internationalization	internationalization	NOUN
fbem-9853	111	23	has	have	AUX
fbem-9853	111	24	achieved	achieve	VERB
fbem-9853	111	25	initial	initial	ADJ
fbem-9853	111	26	results	result	NOUN
fbem-9853	111	27	with	with	ADP
fbem-9853	111	28	the	the	DET
fbem-9853	111	29	deepening	deepening	NOUN
fbem-9853	111	30	of	of	ADP
fbem-9853	111	31	financial	financial	ADJ
fbem-9853	111	32	system	system	NOUN
fbem-9853	111	33	reform	reform	NOUN
fbem-9853	111	34	.	.	PUNCT
fbem-9853	112	1	fourthly	fourthly	ADV
fbem-9853	112	2	,	,	PUNCT
fbem-9853	112	3	at	at	ADP
fbem-9853	112	4	present	present	ADJ
fbem-9853	112	5	,	,	PUNCT
fbem-9853	112	6	china	china	PROPN
fbem-9853	112	7	's	's	PART
fbem-9853	112	8	capital	capital	NOUN
fbem-9853	112	9	account	account	NOUN
fbem-9853	112	10	is	be	AUX
fbem-9853	112	11	not	not	PART
fbem-9853	112	12	easy	easy	ADJ
fbem-9853	112	13	to	to	PART
fbem-9853	112	14	open	open	VERB
fbem-9853	112	15	in	in	ADP
fbem-9853	112	16	an	an	DET
fbem-9853	112	17	all	all	ADV
fbem-9853	112	18	-	-	PUNCT
fbem-9853	112	19	round	round	NOUN
fbem-9853	112	20	way	way	NOUN
fbem-9853	112	21	,	,	PUNCT
fbem-9853	112	22	and	and	CCONJ
fbem-9853	112	23	macro	macro	ADJ
fbem-9853	112	24	prudential	prudential	PROPN
fbem-9853	112	25	supervision	supervision	NOUN
fbem-9853	112	26	should	should	AUX
fbem-9853	112	27	be	be	AUX
fbem-9853	112	28	strengthened	strengthen	VERB
fbem-9853	112	29	and	and	CCONJ
fbem-9853	112	30	improved	improve	VERB
fbem-9853	112	31	.	.	PUNCT
fbem-9853	113	1	fifth	fifth	ADJ
fbem-9853	113	2	,	,	PUNCT
fbem-9853	113	3	the	the	DET
fbem-9853	113	4	constraints	constraint	NOUN
fbem-9853	113	5	of	of	ADP
fbem-9853	113	6	capital	capital	NOUN
fbem-9853	113	7	account	account	NOUN
fbem-9853	113	8	opening	opening	NOUN
fbem-9853	113	9	on	on	ADP
fbem-9853	113	10	the	the	DET
fbem-9853	113	11	risk	risk	NOUN
fbem-9853	113	12	of	of	ADP
fbem-9853	113	13	asset	asset	NOUN
fbem-9853	113	14	bubbles	bubble	NOUN
fbem-9853	113	15	have	have	AUX
fbem-9853	113	16	been	be	AUX
fbem-9853	113	17	reduced	reduce	VERB
fbem-9853	113	18	by	by	ADP
fbem-9853	113	19	the	the	DET
fbem-9853	113	20	ebb	ebb	NOUN
fbem-9853	113	21	of	of	ADP
fbem-9853	113	22	global	global	ADJ
fbem-9853	113	23	financialization	financialization	NOUN
fbem-9853	113	24	,	,	PUNCT
fbem-9853	113	25	so	so	SCONJ
fbem-9853	113	26	as	as	SCONJ
fbem-9853	113	27	to	to	PART
fbem-9853	113	28	support	support	VERB
fbem-9853	113	29	the	the	DET
fbem-9853	113	30	diminishing	diminish	VERB
fbem-9853	113	31	marginal	marginal	ADJ
fbem-9853	113	32	benefits	benefit	NOUN
fbem-9853	113	33	of	of	ADP
fbem-9853	113	34	rmb	rmb	NOUN
fbem-9853	113	35	internationalization	internationalization	NOUN
fbem-9853	113	36	.	.	PUNCT
fbem-9853	114	1	according	accord	VERB
fbem-9853	114	2	to	to	ADP
fbem-9853	114	3	the	the	DET
fbem-9853	114	4	above	above	ADJ
fbem-9853	114	5	conclusions	conclusion	NOUN
fbem-9853	114	6	,	,	PUNCT
fbem-9853	114	7	we	we	PRON
fbem-9853	114	8	should	should	AUX
fbem-9853	114	9	steadily	steadily	ADV
fbem-9853	114	10	and	and	CCONJ
fbem-9853	114	11	prudently	prudently	ADV
fbem-9853	114	12	promote	promote	VERB
fbem-9853	114	13	the	the	DET
fbem-9853	114	14	gradual	gradual	ADJ
fbem-9853	114	15	opening	opening	NOUN
fbem-9853	114	16	of	of	ADP
fbem-9853	114	17	the	the	DET
fbem-9853	114	18	capital	capital	NOUN
fbem-9853	114	19	account	account	NOUN
fbem-9853	114	20	.	.	PUNCT
fbem-9853	115	1	according	accord	VERB
fbem-9853	115	2	to	to	ADP
fbem-9853	115	3	china	china	PROPN
fbem-9853	115	4	's	's	PART
fbem-9853	115	5	convertible	convertible	ADJ
fbem-9853	115	6	capital	capital	NOUN
fbem-9853	115	7	account	account	NOUN
fbem-9853	115	8	to	to	PART
fbem-9853	115	9	promote	promote	VERB
fbem-9853	115	10	the	the	DET
fbem-9853	115	11	expansion	expansion	NOUN
fbem-9853	115	12	of	of	ADP
fbem-9853	115	13	rmb	rmb	PROPN
fbem-9853	115	14	cross	cross	ADJ
fbem-9853	115	15	-	-	ADJ
fbem-9853	115	16	border	border	ADJ
fbem-9853	115	17	flow	flow	NOUN
fbem-9853	115	18	channels	channel	NOUN
fbem-9853	115	19	,	,	PUNCT
fbem-9853	115	20	according	accord	VERB
fbem-9853	115	21	to	to	ADP
fbem-9853	115	22	the	the	DET
fbem-9853	115	23	order	order	NOUN
fbem-9853	115	24	from	from	ADP
fbem-9853	115	25	current	current	ADJ
fbem-9853	115	26	account	account	NOUN
fbem-9853	115	27	to	to	ADP
fbem-9853	115	28	capital	capital	NOUN
fbem-9853	115	29	account	account	NOUN
fbem-9853	115	30	,	,	PUNCT
fbem-9853	115	31	from	from	ADP
fbem-9853	115	32	direct	direct	ADJ
fbem-9853	115	33	investment	investment	NOUN
fbem-9853	115	34	to	to	ADP
fbem-9853	115	35	financial	financial	ADJ
fbem-9853	115	36	transactions	transaction	NOUN
fbem-9853	115	37	,	,	PUNCT
fbem-9853	115	38	from	from	ADP
fbem-9853	115	39	institutions	institution	NOUN
fbem-9853	115	40	to	to	ADP
fbem-9853	115	41	individuals	individual	NOUN
fbem-9853	115	42	,	,	PUNCT
fbem-9853	115	43	the	the	DET
fbem-9853	115	44	international	international	ADJ
fbem-9853	115	45	monetary	monetary	ADJ
fbem-9853	115	46	function	function	NOUN
fbem-9853	115	47	of	of	ADP
fbem-9853	115	48	rmb	rmb	PROPN
fbem-9853	115	49	has	have	AUX
fbem-9853	115	50	been	be	AUX
fbem-9853	115	51	expanded	expand	VERB
fbem-9853	115	52	from	from	ADP
fbem-9853	115	53	payment	payment	NOUN
fbem-9853	115	54	and	and	CCONJ
fbem-9853	115	55	settlement	settlement	NOUN
fbem-9853	115	56	currency	currency	NOUN
fbem-9853	115	57	to	to	PART
fbem-9853	115	58	reserve	reserve	VERB
fbem-9853	115	59	currency	currency	NOUN
fbem-9853	115	60	,	,	PUNCT
fbem-9853	115	61	investment	investment	NOUN
fbem-9853	115	62	and	and	CCONJ
fbem-9853	115	63	financing	financing	NOUN
fbem-9853	115	64	currency	currency	NOUN
fbem-9853	115	65	.	.	PUNCT
fbem-9853	116	1	and	and	CCONJ
fbem-9853	116	2	then	then	ADV
fbem-9853	116	3	we	we	PRON
fbem-9853	116	4	should	should	AUX
fbem-9853	116	5	strengthen	strengthen	VERB
fbem-9853	116	6	policies	policy	NOUN
fbem-9853	116	7	to	to	PART
fbem-9853	116	8	support	support	VERB
fbem-9853	116	9	the	the	DET
fbem-9853	116	10	cross	cross	ADJ
fbem-9853	116	11	-	-	ADJ
fbem-9853	116	12	border	border	ADJ
fbem-9853	116	13	use	use	NOUN
fbem-9853	116	14	of	of	ADP
fbem-9853	116	15	rmb	rmb	NOUN
fbem-9853	116	16	.	.	PUNCT
fbem-9853	117	1	by	by	ADP
fbem-9853	117	2	improving	improve	VERB
fbem-9853	117	3	policy	policy	NOUN
fbem-9853	117	4	support	support	NOUN
fbem-9853	117	5	to	to	PART
fbem-9853	117	6	attract	attract	VERB
fbem-9853	117	7	capital	capital	NOUN
fbem-9853	117	8	flows	flow	NOUN
fbem-9853	117	9	to	to	ADP
fbem-9853	117	10	rmb	rmb	NOUN
fbem-9853	117	11	assets	asset	NOUN
fbem-9853	117	12	,	,	PUNCT
fbem-9853	117	13	continuously	continuously	ADV
fbem-9853	117	14	improve	improve	VERB
fbem-9853	117	15	the	the	DET
fbem-9853	117	16	service	service	NOUN
fbem-9853	117	17	level	level	NOUN
fbem-9853	117	18	of	of	ADP
fbem-9853	117	19	cross	cross	ADJ
fbem-9853	117	20	-	-	ADJ
fbem-9853	117	21	border	border	ADJ
fbem-9853	117	22	rmb	rmb	NOUN
fbem-9853	117	23	business	business	NOUN
fbem-9853	117	24	,	,	PUNCT
fbem-9853	117	25	optimize	optimize	VERB
fbem-9853	117	26	the	the	DET
fbem-9853	117	27	business	business	NOUN
fbem-9853	117	28	environment	environment	NOUN
fbem-9853	117	29	,	,	PUNCT
fbem-9853	117	30	so	so	SCONJ
fbem-9853	117	31	that	that	SCONJ
fbem-9853	117	32	it	it	PRON
fbem-9853	117	33	can	can	AUX
fbem-9853	117	34	better	well	ADV
fbem-9853	117	35	serve	serve	VERB
fbem-9853	117	36	the	the	DET
fbem-9853	117	37	real	real	ADJ
fbem-9853	117	38	economy	economy	NOUN
fbem-9853	117	39	and	and	CCONJ
fbem-9853	117	40	stabilize	stabilize	VERB
fbem-9853	117	41	the	the	DET
fbem-9853	117	42	macroeconomic	macroeconomic	ADJ
fbem-9853	117	43	market	market	NOUN
fbem-9853	117	44	.	.	PUNCT
fbem-9853	118	1	next	next	ADV
fbem-9853	118	2	,	,	PUNCT
fbem-9853	118	3	strengthen	strengthen	VERB
fbem-9853	118	4	the	the	DET
fbem-9853	118	5	regulatory	regulatory	ADJ
fbem-9853	118	6	role	role	NOUN
fbem-9853	118	7	of	of	ADP
fbem-9853	118	8	monetary	monetary	ADJ
fbem-9853	118	9	policy	policy	NOUN
fbem-9853	118	10	transmission	transmission	NOUN
fbem-9853	118	11	on	on	ADP
fbem-9853	118	12	cross	cross	ADJ
fbem-9853	118	13	-	-	ADJ
fbem-9853	118	14	border	border	ADJ
fbem-9853	118	15	capital	capital	NOUN
fbem-9853	118	16	flows	flow	NOUN
fbem-9853	118	17	.	.	PUNCT
fbem-9853	119	1	on	on	ADP
fbem-9853	119	2	the	the	DET
fbem-9853	119	3	basis	basis	NOUN
fbem-9853	119	4	of	of	ADP
fbem-9853	119	5	meeting	meet	VERB
fbem-9853	119	6	the	the	DET
fbem-9853	119	7	rules	rule	NOUN
fbem-9853	119	8	and	and	CCONJ
fbem-9853	119	9	transparency	transparency	NOUN
fbem-9853	119	10	,	,	PUNCT
fbem-9853	119	11	we	we	PRON
fbem-9853	119	12	will	will	AUX
fbem-9853	119	13	continue	continue	VERB
fbem-9853	119	14	to	to	PART
fbem-9853	119	15	improve	improve	VERB
fbem-9853	119	16	the	the	DET
fbem-9853	119	17	framework	framework	NOUN
fbem-9853	119	18	of	of	ADP
fbem-9853	119	19	modern	modern	ADJ
fbem-9853	119	20	monetary	monetary	ADJ
fbem-9853	119	21	policy	policy	NOUN
fbem-9853	119	22	.	.	PUNCT
fbem-9853	120	1	at	at	ADP
fbem-9853	120	2	the	the	DET
fbem-9853	120	3	same	same	ADJ
fbem-9853	120	4	time	time	NOUN
fbem-9853	120	5	,	,	PUNCT
fbem-9853	120	6	we	we	PRON
fbem-9853	120	7	should	should	AUX
fbem-9853	120	8	establish	establish	VERB
fbem-9853	120	9	an	an	DET
fbem-9853	120	10	institutionalized	institutionalize	VERB
fbem-9853	120	11	monetary	monetary	ADJ
fbem-9853	120	12	policy	policy	NOUN
fbem-9853	120	13	communication	communication	NOUN
fbem-9853	120	14	mechanism	mechanism	NOUN
fbem-9853	120	15	to	to	PART
fbem-9853	120	16	prevent	prevent	VERB
fbem-9853	120	17	monetary	monetary	ADJ
fbem-9853	120	18	liquidity	liquidity	NOUN
fbem-9853	120	19	risks	risk	NOUN
fbem-9853	120	20	by	by	ADP
fbem-9853	120	21	effectively	effectively	ADV
fbem-9853	120	22	managing	manage	VERB
fbem-9853	120	23	and	and	CCONJ
fbem-9853	120	24	guiding	guiding	NOUN
fbem-9853	120	25	expectations	expectation	NOUN
fbem-9853	120	26	.	.	PUNCT
fbem-9853	121	1	finally	finally	ADV
fbem-9853	121	2	,	,	PUNCT
fbem-9853	121	3	implement	implement	VERB
fbem-9853	121	4	macro	macro	ADJ
fbem-9853	121	5	prudential	prudential	PROPN
fbem-9853	121	6	supervision	supervision	PROPN
fbem-9853	121	7	.	.	PUNCT
fbem-9853	122	1	on	on	ADP
fbem-9853	122	2	the	the	DET
fbem-9853	122	3	one	one	NUM
fbem-9853	122	4	hand	hand	NOUN
fbem-9853	122	5	,	,	PUNCT
fbem-9853	122	6	by	by	ADP
fbem-9853	122	7	improving	improve	VERB
fbem-9853	122	8	the	the	DET
fbem-9853	122	9	macro	macro	ADJ
fbem-9853	122	10	prudential	prudential	PROPN
fbem-9853	122	11	management	management	PROPN
fbem-9853	122	12	of	of	ADP
fbem-9853	122	13	cross	cross	ADJ
fbem-9853	122	14	-	-	ADJ
fbem-9853	122	15	border	border	ADJ
fbem-9853	122	16	capital	capital	NOUN
fbem-9853	122	17	flows	flow	VERB
fbem-9853	122	18	with	with	ADP
fbem-9853	122	19	the	the	DET
fbem-9853	122	20	integration	integration	NOUN
fbem-9853	122	21	of	of	ADP
fbem-9853	122	22	domestic	domestic	ADJ
fbem-9853	122	23	and	and	CCONJ
fbem-9853	122	24	foreign	foreign	ADJ
fbem-9853	122	25	currencies	currency	NOUN
fbem-9853	122	26	,	,	PUNCT
fbem-9853	122	27	we	we	PRON
fbem-9853	122	28	can	can	AUX
fbem-9853	122	29	resist	resist	VERB
fbem-9853	122	30	the	the	DET
fbem-9853	122	31	invasion	invasion	NOUN
fbem-9853	122	32	of	of	ADP
fbem-9853	122	33	external	external	ADJ
fbem-9853	122	34	market	market	NOUN
fbem-9853	122	35	risks	risk	NOUN
fbem-9853	122	36	.	.	PUNCT
fbem-9853	123	1	on	on	ADP
fbem-9853	123	2	the	the	DET
fbem-9853	123	3	other	other	ADJ
fbem-9853	123	4	hand	hand	NOUN
fbem-9853	123	5	,	,	PUNCT
fbem-9853	123	6	macro	macro	ADJ
fbem-9853	123	7	prudence	prudence	NOUN
fbem-9853	123	8	should	should	AUX
fbem-9853	123	9	be	be	AUX
fbem-9853	123	10	used	use	VERB
fbem-9853	123	11	to	to	PART
fbem-9853	123	12	slow	slow	VERB
fbem-9853	123	13	down	down	ADP
fbem-9853	123	14	the	the	DET
fbem-9853	123	15	pro	pro	ADJ
fbem-9853	123	16	cyclical	cyclical	ADJ
fbem-9853	123	17	nature	nature	NOUN
fbem-9853	123	18	of	of	ADP
fbem-9853	123	19	the	the	DET
fbem-9853	123	20	market	market	NOUN
fbem-9853	123	21	and	and	CCONJ
fbem-9853	123	22	reduce	reduce	VERB
fbem-9853	123	23	the	the	DET
fbem-9853	123	24	impact	impact	NOUN
fbem-9853	123	25	on	on	ADP
fbem-9853	123	26	financial	financial	ADJ
fbem-9853	123	27	stability	stability	NOUN
fbem-9853	123	28	after	after	SCONJ
fbem-9853	123	29	the	the	DET
fbem-9853	123	30	asset	asset	NOUN
fbem-9853	123	31	bubble	bubble	NOUN
fbem-9853	123	32	burst	burst	NOUN
fbem-9853	123	33	.	.	PUNCT
fbem-9853	124	1	acknowledgment	acknowledgment	NOUN
fbem-9853	124	2	this	this	DET
fbem-9853	124	3	work	work	NOUN
fbem-9853	124	4	was	be	AUX
fbem-9853	124	5	supported	support	VERB
fbem-9853	124	6	in	in	ADP
fbem-9853	124	7	part	part	NOUN
fbem-9853	124	8	by	by	ADP
fbem-9853	124	9	the	the	DET
fbem-9853	124	10	postgraduate	postgraduate	NOUN
fbem-9853	124	11	research	research	NOUN
fbem-9853	124	12	innovation	innovation	NOUN
fbem-9853	124	13	fund	fund	NOUN
fbem-9853	124	14	project	project	NOUN
fbem-9853	124	15	of	of	ADP
fbem-9853	124	16	anhui	anhui	PROPN
fbem-9853	124	17	university	university	PROPN
fbem-9853	124	18	of	of	ADP
fbem-9853	124	19	finance	finance	NOUN
fbem-9853	124	20	and	and	CCONJ
fbem-9853	124	21	economics	economic	NOUN
fbem-9853	124	22	(	(	PUNCT
fbem-9853	124	23	number	number	NOUN
fbem-9853	124	24	:	:	PUNCT
fbem-9853	124	25	acyc2021244	acyc2021244	PROPN
fbem-9853	124	26	)	)	PUNCT
fbem-9853	124	27	.	.	PUNCT
fbem-9853	125	1	the	the	DET
fbem-9853	125	2	authors	author	NOUN
fbem-9853	125	3	sincerely	sincerely	ADV
fbem-9853	125	4	thank	thank	VERB
fbem-9853	125	5	anonymous	anonymous	ADJ
fbem-9853	125	6	referees	referee	NOUN
fbem-9853	125	7	for	for	ADP
fbem-9853	125	8	their	their	PRON
fbem-9853	125	9	valuable	valuable	ADJ
fbem-9853	125	10	comments	comment	NOUN
fbem-9853	125	11	and	and	CCONJ
fbem-9853	125	12	recommendations	recommendation	NOUN
fbem-9853	125	13	references	reference	NOUN
fbem-9853	125	14	[	[	X
fbem-9853	125	15	1	1	NUM
fbem-9853	125	16	]	]	PUNCT
fbem-9853	125	17	l.	l.	PROPN
fbem-9853	125	18	y.	y.	PROPN
fbem-9853	125	19	shao	shao	PROPN
fbem-9853	125	20	,	,	PUNCT
fbem-9853	125	21	y.	y.	PROPN
fbem-9853	125	22	c.	c.	PROPN
fbem-9853	125	23	liu	liu	PROPN
fbem-9853	125	24	,	,	PUNCT
fbem-9853	125	25	a	a	DET
fbem-9853	125	26	study	study	NOUN
fbem-9853	125	27	on	on	ADP
fbem-9853	125	28	the	the	DET
fbem-9853	125	29	relationship	relationship	NOUN
fbem-9853	125	30	between	between	ADP
fbem-9853	125	31	china	china	PROPN
fbem-9853	125	32	's	's	PART
fbem-9853	125	33	capital	capital	NOUN
fbem-9853	125	34	account	account	NOUN
fbem-9853	125	35	opening	opening	NOUN
fbem-9853	125	36	and	and	CCONJ
fbem-9853	125	37	rmb	rmb	NOUN
fbem-9853	125	38	internationalization	internationalization	NOUN
fbem-9853	125	39	–	–	PUNCT
fbem-9853	125	40	an	an	DET
fbem-9853	125	41	analysis	analysis	NOUN
fbem-9853	125	42	of	of	ADP
fbem-9853	125	43	factors	factor	NOUN
fbem-9853	125	44	based	base	VERB
fbem-9853	125	45	on	on	ADP
fbem-9853	125	46	international	international	ADJ
fbem-9853	125	47	experience	experience	NOUN
fbem-9853	125	48	comparison	comparison	NOUN
fbem-9853	125	49	,	,	PUNCT
fbem-9853	125	50	shanghai	shanghai	PROPN
fbem-9853	125	51	economic	economic	ADJ
fbem-9853	125	52	research	research	PROPN
fbem-9853	125	53	,	,	PUNCT
fbem-9853	125	54	2016	2016	NUM
fbem-9853	125	55	(	(	PUNCT
fbem-9853	125	56	03	03	NUM
fbem-9853	125	57	):	):	PUNCT
fbem-9853	125	58	37	37	NUM
fbem-9853	125	59	-	-	SYM
fbem-9853	125	60	43	43	NUM
fbem-9853	125	61	.	.	PUNCT
fbem-9853	126	1	[	[	X
fbem-9853	126	2	2	2	NUM
fbem-9853	126	3	]	]	PUNCT
fbem-9853	126	4	l.	l.	PROPN
fbem-9853	126	5	q.	q.	PROPN
fbem-9853	126	6	zhang	zhang	PROPN
fbem-9853	126	7	,	,	PUNCT
fbem-9853	126	8	y.	y.	PROPN
fbem-9853	126	9	y.	y.	PROPN
fbem-9853	126	10	zhang	zhang	PROPN
fbem-9853	126	11	,	,	PUNCT
fbem-9853	126	12	ouyang	ouyang	PROPN
fbem-9853	126	13	yuanfen	yuanfen	PROPN
fbem-9853	126	14	research	research	NOUN
fbem-9853	126	15	on	on	ADP
fbem-9853	126	16	the	the	DET
fbem-9853	126	17	impact	impact	NOUN
fbem-9853	126	18	of	of	ADP
fbem-9853	126	19	international	international	ADJ
fbem-9853	126	20	capital	capital	NOUN
fbem-9853	126	21	flows	flow	NOUN
fbem-9853	126	22	on	on	ADP
fbem-9853	126	23	systemic	systemic	ADJ
fbem-9853	126	24	financial	financial	ADJ
fbem-9853	126	25	risks	risk	NOUN
fbem-9853	126	26	,	,	PUNCT
fbem-9853	126	27	finance	finance	NOUN
fbem-9853	126	28	and	and	CCONJ
fbem-9853	126	29	trade	trade	NOUN
fbem-9853	126	30	economics	economic	NOUN
fbem-9853	126	31	,	,	PUNCT
fbem-9853	126	32	2023	2023	NUM
fbem-9853	126	33	,	,	PUNCT
fbem-9853	126	34	44	44	NUM
fbem-9853	126	35	(	(	PUNCT
fbem-9853	126	36	01	01	NUM
fbem-9853	126	37	):	):	PUNCT
fbem-9853	126	38	99	99	NUM
fbem-9853	126	39	-	-	SYM
fbem-9853	126	40	115	115	NUM
fbem-9853	126	41	.	.	PUNCT
fbem-9853	127	1	[	[	X
fbem-9853	127	2	3	3	X
fbem-9853	127	3	]	]	X
fbem-9853	127	4	j.	j.	PROPN
fbem-9853	127	5	he	he	PROPN
fbem-9853	127	6	,	,	PUNCT
fbem-9853	127	7	z.	z.	PROPN
fbem-9853	127	8	y.	y.	PROPN
fbem-9853	127	9	zheng	zheng	PROPN
fbem-9853	127	10	,	,	PUNCT
fbem-9853	127	11	m.t	m.t	PROPN
fbem-9853	127	12	.	.	PROPN
fbem-9853	127	13	zhang	zhang	PROPN
fbem-9853	127	14	,	,	PUNCT
fbem-9853	127	15	capital	capital	NOUN
fbem-9853	127	16	account	account	NOUN
fbem-9853	127	17	opening	opening	NOUN
fbem-9853	127	18	,	,	PUNCT
fbem-9853	127	19	systemic	systemic	ADJ
fbem-9853	127	20	financial	financial	ADJ
fbem-9853	127	21	risks	risk	NOUN
fbem-9853	127	22	and	and	CCONJ
fbem-9853	127	23	high	high	ADJ
fbem-9853	127	24	-	-	PUNCT
fbem-9853	127	25	quality	quality	NOUN
fbem-9853	127	26	economic	economic	ADJ
fbem-9853	127	27	development	development	NOUN
fbem-9853	127	28	,	,	PUNCT
fbem-9853	127	29	economic	economic	ADJ
fbem-9853	127	30	and	and	CCONJ
fbem-9853	127	31	management	management	NOUN
fbem-9853	127	32	research	research	NOUN
fbem-9853	127	33	,	,	PUNCT
fbem-9853	127	34	2020.41	2020.41	NUM
fbem-9853	127	35	(	(	PUNCT
fbem-9853	127	36	05	05	NUM
fbem-9853	127	37	):	):	PUNCT
fbem-9853	127	38	91	91	NUM
fbem-9853	127	39	-	-	SYM
fbem-9853	127	40	106	106	NUM
fbem-9853	127	41	.	.	PUNCT
fbem-9853	128	1	[	[	X
fbem-9853	128	2	4	4	X
fbem-9853	128	3	]	]	PUNCT
fbem-9853	128	4	s.	s.	PROPN
fbem-9853	128	5	g.	g.	PROPN
fbem-9853	128	6	dai	dai	PROPN
fbem-9853	128	7	,	,	PUNCT
fbem-9853	128	8	b.	b.	PROPN
fbem-9853	128	9	yu	yu	PROPN
fbem-9853	128	10	,	,	PUNCT
fbem-9853	128	11	will	will	AUX
fbem-9853	128	12	capital	capital	NOUN
fbem-9853	128	13	account	account	NOUN
fbem-9853	128	14	opening	opening	NOUN
fbem-9853	128	15	aggravate	aggravate	VERB
fbem-9853	128	16	china	china	PROPN
fbem-9853	128	17	's	's	PART
fbem-9853	128	18	systemic	systemic	ADJ
fbem-9853	128	19	financial	financial	ADJ
fbem-9853	128	20	risks	risk	NOUN
fbem-9853	128	21	an	an	DET
fbem-9853	128	22	empirical	empirical	ADJ
fbem-9853	128	23	study	study	NOUN
fbem-9853	128	24	based	base	VERB
fbem-9853	128	25	on	on	ADP
fbem-9853	128	26	tvp	tvp	NOUN
fbem-9853	128	27	-	-	NOUN
fbem-9853	128	28	favar	favar	NOUN
fbem-9853	128	29	and	and	CCONJ
fbem-9853	128	30	sv	sv	NOUN
fbem-9853	128	31	-	-	PUNCT
fbem-9853	128	32	tvp	tvp	ADJ
fbem-9853	128	33	-	-	PUNCT
fbem-9853	128	34	var	var	NOUN
fbem-9853	128	35	models	model	NOUN
fbem-9853	128	36	,	,	PUNCT
fbem-9853	128	37	international	international	ADJ
fbem-9853	128	38	trade	trade	NOUN
fbem-9853	128	39	issues	issue	NOUN
fbem-9853	128	40	,	,	PUNCT
fbem-9853	128	41	2020	2020	NUM
fbem-9853	128	42	(	(	PUNCT
fbem-9853	128	43	01	01	NUM
fbem-9853	128	44	):	):	PUNCT
fbem-9853	128	45	159	159	NUM
fbem-9853	128	46	-	-	SYM
fbem-9853	128	47	174	174	NUM
fbem-9853	128	48	.	.	PUNCT
fbem-9853	129	1	[	[	X
fbem-9853	129	2	5	5	X
fbem-9853	129	3	]	]	X
fbem-9853	129	4	y.	y.	PROPN
fbem-9853	129	5	s.	s.	PROPN
fbem-9853	129	6	li	li	PROPN
fbem-9853	129	7	,	,	PUNCT
fbem-9853	129	8	m.	m.	PROPN
fbem-9853	129	9	zhang	zhang	PROPN
fbem-9853	129	10	,	,	PUNCT
fbem-9853	129	11	research	research	NOUN
fbem-9853	129	12	on	on	ADP
fbem-9853	129	13	the	the	DET
fbem-9853	129	14	impact	impact	NOUN
fbem-9853	129	15	of	of	ADP
fbem-9853	129	16	financial	financial	ADJ
fbem-9853	129	17	opening	opening	NOUN
fbem-9853	129	18	on	on	ADP
fbem-9853	129	19	china	china	PROPN
fbem-9853	129	20	's	's	PART
fbem-9853	129	21	systemic	systemic	ADJ
fbem-9853	129	22	financial	financial	ADJ
fbem-9853	129	23	risks	risk	NOUN
fbem-9853	129	24	,	,	PUNCT
fbem-9853	129	25	journal	journal	NOUN
fbem-9853	129	26	of	of	ADP
fbem-9853	129	27	jinan	jinan	PROPN
fbem-9853	129	28	,	,	PUNCT
fbem-9853	129	29	2021	2021	NUM
fbem-9853	129	30	,	,	PUNCT
fbem-9853	129	31	43	43	NUM
fbem-9853	129	32	(	(	PUNCT
fbem-9853	129	33	11	11	NUM
fbem-9853	129	34	):	):	PUNCT
fbem-9853	129	35	36	36	NUM
fbem-9853	129	36	-	-	SYM
fbem-9853	129	37	50	50	NUM
fbem-9853	129	38	.	.	PUNCT
fbem-9853	130	1	[	[	X
fbem-9853	130	2	6	6	NUM
fbem-9853	130	3	]	]	X
fbem-9853	130	4	y.	y.	PROPN
fbem-9853	130	5	fang	fang	PROPN
fbem-9853	130	6	,	,	PUNCT
fbem-9853	130	7	generation	generation	NOUN
fbem-9853	130	8	mechanism	mechanism	NOUN
fbem-9853	130	9	of	of	ADP
fbem-9853	130	10	systemic	systemic	ADJ
fbem-9853	130	11	financial	financial	ADJ
fbem-9853	130	12	risk	risk	NOUN
fbem-9853	130	13	under	under	ADP
fbem-9853	130	14	external	external	ADJ
fbem-9853	130	15	shocks	shock	NOUN
fbem-9853	130	16	,	,	PUNCT
fbem-9853	130	17	managing	manage	VERB
fbem-9853	130	18	the	the	DET
fbem-9853	130	19	world	world	NOUN
fbem-9853	130	20	,	,	PUNCT
fbem-9853	130	21	2022	2022	NUM
fbem-9853	130	22	,	,	PUNCT
fbem-9853	130	23	38	38	NUM
fbem-9853	130	24	(	(	PUNCT
fbem-9853	130	25	05	05	NUM
fbem-9853	130	26	):	):	PUNCT
fbem-9853	130	27	1935	1935	NUM
fbem-9853	130	28	.	.	PUNCT
fbem-9853	131	1	[	[	X
fbem-9853	131	2	7	7	X
fbem-9853	131	3	]	]	PUNCT
fbem-9853	131	4	x.	x.	PROPN
fbem-9853	131	5	f.	f.	PROPN
fbem-9853	131	6	huang	huang	PROPN
fbem-9853	131	7	,	,	PUNCT
fbem-9853	131	8	s.	s.	PROPN
fbem-9853	131	9	n.	n.	PROPN
fbem-9853	131	10	lian	lian	PROPN
fbem-9853	131	11	,	,	PUNCT
fbem-9853	131	12	cai	cai	PROPN
fbem-9853	131	13	ruisi	ruisi	VERB
fbem-9853	131	14	surge	surge	NOUN
fbem-9853	131	15	in	in	ADP
fbem-9853	131	16	capital	capital	NOUN
fbem-9853	131	17	inflows	inflow	NOUN
fbem-9853	131	18	and	and	CCONJ
fbem-9853	131	19	systemic	systemic	ADJ
fbem-9853	131	20	financial	financial	ADJ
fbem-9853	131	21	risks	risk	NOUN
fbem-9853	131	22	based	base	VERB
fbem-9853	131	23	on	on	ADP
fbem-9853	131	24	?	?	PUNCT
fbem-9853	132	1	empirical	empirical	ADJ
fbem-9853	132	2	analysis	analysis	NOUN
fbem-9853	132	3	of	of	ADP
fbem-9853	132	4	covar	covar	NOUN
fbem-9853	132	5	method	method	NOUN
fbem-9853	132	6	,	,	PUNCT
fbem-9853	132	7	international	international	ADJ
fbem-9853	132	8	finance	finance	NOUN
fbem-9853	132	9	research	research	NOUN
fbem-9853	132	10	,	,	PUNCT
fbem-9853	132	11	2023	2023	NUM
fbem-9853	132	12	(	(	PUNCT
fbem-9853	132	13	03	03	NUM
fbem-9853	132	14	):	):	PUNCT
fbem-9853	132	15	3749	3749	NUM
fbem-9853	132	16	.	.	PUNCT
fbem-9853	133	1	[	[	X
fbem-9853	133	2	8	8	NUM
fbem-9853	133	3	]	]	X
fbem-9853	133	4	d.	d.	PROPN
fbem-9853	133	5	valeriya	valeriya	PROPN
fbem-9853	133	6	,	,	PUNCT
fbem-9853	133	7	daniel	daniel	PROPN
fbem-9853	133	8	marcel	marcel	PROPN
fbem-9853	133	9	te	te	PROPN
fbem-9853	133	10	kaat	kaat	PROPN
fbem-9853	133	11	cross	cross	PROPN
fbem-9853	133	12	border	border	NOUN
fbem-9853	133	13	capital	capital	NOUN
fbem-9853	133	14	flows	flow	NOUN
fbem-9853	133	15	and	and	CCONJ
fbem-9853	133	16	bank	bank	NOUN
fbem-9853	133	17	risk	risk	NOUN
fbem-9853	133	18	taking	taking	NOUN
fbem-9853	133	19	,	,	PUNCT
fbem-9853	133	20	journal	journal	NOUN
fbem-9853	133	21	of	of	ADP
fbem-9853	133	22	banking	banking	NOUN
fbem-9853	133	23	and	and	CCONJ
fbem-9853	133	24	finance	finance	NOUN
fbem-9853	133	25	,	,	PUNCT
fbem-9853	133	26	2020117	2020117	NUM
fbem-9853	133	27	(	(	PUNCT
fbem-9853	133	28	47	47	NUM
fbem-9853	133	29	):	):	PUNCT
fbem-9853	133	30	128	128	NUM
fbem-9853	133	31	-	-	SYM
fbem-9853	133	32	152	152	NUM
fbem-9853	133	33	.	.	PUNCT
fbem-9853	133	34	14	14	NUM
fbem-9853	134	1	[	[	SYM
fbem-9853	134	2	9	9	NUM
fbem-9853	134	3	]	]	PUNCT
fbem-9853	134	4	w.	w.	PROPN
fbem-9853	134	5	b.	b.	PROPN
fbem-9853	134	6	sha	sha	PROPN
fbem-9853	134	7	,	,	PUNCT
fbem-9853	134	8	y.	y.	PROPN
fbem-9853	134	9	y.	y.	PROPN
fbem-9853	134	10	qian	qian	PROPN
fbem-9853	134	11	,	,	PUNCT
fbem-9853	134	12	china	china	PROPN
fbem-9853	134	13	's	's	PART
fbem-9853	134	14	macro	macro	ADJ
fbem-9853	134	15	financial	financial	ADJ
fbem-9853	134	16	risk	risk	NOUN
fbem-9853	134	17	measurement	measurement	NOUN
fbem-9853	134	18	under	under	ADP
fbem-9853	134	19	the	the	DET
fbem-9853	134	20	background	background	NOUN
fbem-9853	134	21	of	of	ADP
fbem-9853	134	22	rmb	rmb	NOUN
fbem-9853	134	23	internationalization	internationalization	NOUN
fbem-9853	134	24	,	,	PUNCT
fbem-9853	134	25	accounting	accounting	NOUN
fbem-9853	134	26	and	and	CCONJ
fbem-9853	134	27	economic	economic	ADJ
fbem-9853	134	28	research	research	NOUN
fbem-9853	134	29	,	,	PUNCT
fbem-9853	134	30	2021	2021	NUM
fbem-9853	134	31	,	,	PUNCT
fbem-9853	134	32	35	35	NUM
fbem-9853	134	33	(	(	PUNCT
fbem-9853	134	34	03	03	NUM
fbem-9853	134	35	):	):	PUNCT
fbem-9853	134	36	109	109	NUM
fbem-9853	134	37	-	-	SYM
fbem-9853	134	38	126	126	NUM
fbem-9853	134	39	.	.	PUNCT
fbem-9853	135	1	[	[	X
fbem-9853	135	2	10	10	NUM
fbem-9853	135	3	]	]	PUNCT
fbem-9853	135	4	t.	t.	PROPN
fbem-9853	135	5	y.	y.	PROPN
fbem-9853	135	6	wang	wang	PROPN
fbem-9853	135	7	,	,	PUNCT
fbem-9853	135	8	j.	j.	PROPN
fbem-9853	135	9	p.	p.	PROPN
fbem-9853	135	10	li	li	PROPN
fbem-9853	135	11	,	,	PUNCT
fbem-9853	135	12	research	research	NOUN
fbem-9853	135	13	on	on	ADP
fbem-9853	135	14	systemic	systemic	ADJ
fbem-9853	135	15	financial	financial	ADJ
fbem-9853	135	16	risks	risk	NOUN
fbem-9853	135	17	in	in	ADP
fbem-9853	135	18	the	the	DET
fbem-9853	135	19	process	process	NOUN
fbem-9853	135	20	of	of	ADP
fbem-9853	135	21	rmb	rmb	ADJ
fbem-9853	135	22	internationalization	internationalization	NOUN
fbem-9853	135	23	analysis	analysis	NOUN
fbem-9853	135	24	based	base	VERB
fbem-9853	135	25	on	on	ADP
fbem-9853	135	26	sv	sv	PROPN
fbem-9853	135	27	-	-	PUNCT
fbem-9853	135	28	tvp	tvp	ADJ
fbem-9853	135	29	-	-	PUNCT
fbem-9853	135	30	svar	svar	NOUN
fbem-9853	135	31	model	model	NOUN
fbem-9853	135	32	,	,	PUNCT
fbem-9853	135	33	economic	economic	ADJ
fbem-9853	135	34	issues	issue	NOUN
fbem-9853	135	35	,	,	PUNCT
fbem-9853	135	36	2022	2022	NUM
fbem-9853	135	37	(	(	PUNCT
fbem-9853	135	38	06	06	NUM
fbem-9853	135	39	):	):	PUNCT
fbem-9853	135	40	58	58	NUM
fbem-9853	135	41	-	-	SYM
fbem-9853	135	42	66	66	NUM
fbem-9853	135	43	.	.	PUNCT
fbem-9853	136	1	[	[	X
fbem-9853	136	2	11	11	NUM
fbem-9853	136	3	]	]	X
fbem-9853	136	4	i.	i.	PROPN
fbem-9853	136	5	ethan	ethan	PROPN
fbem-9853	136	6	,	,	PUNCT
fbem-9853	136	7	rogoff	rogoff	PROPN
fbem-9853	136	8	kenneth	kenneth	PROPN
fbem-9853	136	9	s.	s.	PROPN
fbem-9853	136	10	exchange	exchange	PROPN
fbem-9853	136	11	arrangements	arrangement	NOUN
fbem-9853	136	12	entering	enter	VERB
fbem-9853	136	13	the	the	DET
fbem-9853	136	14	twenty	twenty	NUM
fbem-9853	136	15	first	first	ADJ
fbem-9853	136	16	century	century	NOUN
fbem-9853	136	17	:	:	PUNCT
fbem-9853	136	18	which	which	DET
fbem-9853	136	19	anchor	anchor	NOUN
fbem-9853	136	20	will	will	AUX
fbem-9853	136	21	hold	hold	VERB
fbem-9853	136	22	?	?	PUNCT
fbem-9853	137	1	the	the	DET
fbem-9853	137	2	quarterly	quarterly	ADJ
fbem-9853	137	3	journal	journal	NOUN
fbem-9853	137	4	of	of	ADP
fbem-9853	137	5	economics	economic	NOUN
fbem-9853	137	6	,	,	PUNCT
fbem-9853	137	7	2019134	2019134	NUM
fbem-9853	137	8	(	(	PUNCT
fbem-9853	137	9	2	2	NUM
fbem-9853	137	10	):	):	PUNCT
fbem-9853	137	11	109	109	NUM
fbem-9853	137	12	-	-	SYM
fbem-9853	137	13	131	131	NUM
fbem-9853	137	14	.	.	PUNCT
fbem-9853	138	1	[	[	X
fbem-9853	138	2	12	12	NUM
fbem-9853	138	3	]	]	PUNCT
fbem-9853	138	4	a.	a.	PROPN
fbem-9853	138	5	b.	b.	PROPN
fbem-9853	138	6	jonathan	jonathan	PROPN
fbem-9853	138	7	,	,	PUNCT
fbem-9853	138	8	the	the	DET
fbem-9853	138	9	internationalization	internationalization	NOUN
fbem-9853	138	10	of	of	ADP
fbem-9853	138	11	the	the	DET
fbem-9853	138	12	rmb	rmb	NOUN
fbem-9853	138	13	:	:	PUNCT
fbem-9853	138	14	new	new	ADJ
fbem-9853	138	15	starts	start	NOUN
fbem-9853	138	16	,	,	PUNCT
fbem-9853	138	17	jumps	jump	VERB
fbem-9853	138	18	and	and	CCONJ
fbem-9853	138	19	tipping	tipping	NOUN
fbem-9853	138	20	points	point	NOUN
fbem-9853	138	21	,	,	PUNCT
fbem-9853	138	22	emerging	emerge	VERB
fbem-9853	138	23	markets	market	NOUN
fbem-9853	138	24	review	review	VERB
fbem-9853	138	25	,	,	PUNCT
fbem-9853	138	26	2016	2016	NUM
fbem-9853	138	27	,	,	PUNCT
fbem-9853	138	28	28	28	NUM
fbem-9853	138	29	(	(	PUNCT
fbem-9853	138	30	24	24	NUM
fbem-9853	138	31	):	):	PUNCT
fbem-9853	138	32	166	166	NUM
fbem-9853	138	33	-	-	SYM
fbem-9853	138	34	183	183	NUM
fbem-9853	138	35	.	.	PUNCT
fbem-9853	139	1	[	[	X
fbem-9853	139	2	13	13	NUM
fbem-9853	139	3	]	]	PUNCT
fbem-9853	139	4	l.	l.	PROPN
fbem-9853	139	5	zheng	zheng	PROPN
fbem-9853	139	6	,	,	PUNCT
fbem-9853	139	7	m.	m.	NOUN
fbem-9853	139	8	mark	mark	PROPN
fbem-9853	139	9	,	,	PUNCT
fbem-9853	139	10	optimal	optimal	ADJ
fbem-9853	139	11	capital	capital	NOUN
fbem-9853	139	12	account	account	NOUN
fbem-9853	139	13	liberalization	liberalization	NOUN
fbem-9853	139	14	in	in	ADP
fbem-9853	139	15	china	china	PROPN
fbem-9853	139	16	,	,	PUNCT
fbem-9853	139	17	journal	journal	NOUN
fbem-9853	139	18	of	of	ADP
fbem-9853	139	19	monetary	monetary	ADJ
fbem-9853	139	20	economics	economic	NOUN
fbem-9853	139	21	,	,	PUNCT
fbem-9853	139	22	2020117	2020117	NUM
fbem-9853	139	23	(	(	PUNCT
fbem-9853	139	24	49	49	NUM
fbem-9853	139	25	):	):	PUNCT
fbem-9853	139	26	77	77	NUM
fbem-9853	139	27	-	-	SYM
fbem-9853	139	28	89	89	NUM
fbem-9853	139	29	.	.	PUNCT
fbem-9853	140	1	[	[	X
fbem-9853	140	2	14	14	NUM
fbem-9853	140	3	]	]	X
fbem-9853	140	4	y.	y.	PROPN
fbem-9853	140	5	w.	w.	PROPN
fbem-9853	140	6	hu	hu	PROPN
fbem-9853	140	7	,	,	PUNCT
fbem-9853	140	8	s.	s.	PROPN
fbem-9853	140	9	g.	g.	PROPN
fbem-9853	140	10	dai	dai	PROPN
fbem-9853	140	11	,	,	PUNCT
fbem-9853	140	12	research	research	NOUN
fbem-9853	140	13	on	on	ADP
fbem-9853	140	14	the	the	DET
fbem-9853	140	15	reform	reform	NOUN
fbem-9853	140	16	order	order	NOUN
fbem-9853	140	17	of	of	ADP
fbem-9853	140	18	rmb	rmb	PROPN
fbem-9853	140	19	capital	capital	NOUN
fbem-9853	140	20	account	account	NOUN
fbem-9853	140	21	opening	opening	NOUN
fbem-9853	140	22	term	term	NOUN
fbem-9853	140	23	structure	structure	NOUN
fbem-9853	140	24	analysis	analysis	NOUN
fbem-9853	140	25	based	base	VERB
fbem-9853	140	26	on	on	ADP
fbem-9853	140	27	tvp	tvp	ADJ
fbem-9853	140	28	-	-	PUNCT
fbem-9853	140	29	var	var	NOUN
fbem-9853	140	30	model	model	NOUN
fbem-9853	140	31	,	,	PUNCT
fbem-9853	140	32	world	world	NOUN
fbem-9853	140	33	economic	economic	ADJ
fbem-9853	140	34	research	research	NOUN
fbem-9853	140	35	,	,	PUNCT
fbem-9853	140	36	2015	2015	NUM
fbem-9853	140	37	(	(	PUNCT
fbem-9853	140	38	04	04	NUM
fbem-9853	140	39	):	):	PUNCT
fbem-9853	140	40	13	13	NUM
fbem-9853	140	41	-	-	SYM
fbem-9853	140	42	23	23	NUM
fbem-9853	140	43	.	.	PUNCT
fbem-9853	141	1	[	[	X
fbem-9853	141	2	15	15	NUM
fbem-9853	141	3	]	]	X
fbem-9853	141	4	n.	n.	NOUN
fbem-9853	141	5	guo	guo	PROPN
fbem-9853	141	6	,	,	PUNCT
fbem-9853	141	7	f.	f.	PROPN
fbem-9853	141	8	qi	qi	PROPN
fbem-9853	141	9	,	,	PUNCT
fbem-9853	141	10	n.	n.	PROPN
fbem-9853	141	11	zhang	zhang	PROPN
fbem-9853	141	12	,	,	PUNCT
fbem-9853	141	13	measurement	measurement	NOUN
fbem-9853	141	14	and	and	CCONJ
fbem-9853	141	15	monitoring	monitoring	NOUN
fbem-9853	141	16	of	of	ADP
fbem-9853	141	17	china	china	PROPN
fbem-9853	141	18	's	's	PART
fbem-9853	141	19	systemic	systemic	ADJ
fbem-9853	141	20	financial	financial	ADJ
fbem-9853	141	21	risk	risk	NOUN
fbem-9853	141	22	index	index	NOUN
fbem-9853	141	23	,	,	PUNCT
fbem-9853	141	24	financial	financial	ADJ
fbem-9853	141	25	science	science	NOUN
fbem-9853	141	26	,	,	PUNCT
fbem-9853	141	27	2018	2018	NUM
fbem-9853	141	28	(	(	PUNCT
fbem-9853	141	29	02	02	NUM
fbem-9853	141	30	):	):	PUNCT
fbem-9853	141	31	1	1	NUM
fbem-9853	141	32	-	-	SYM
fbem-9853	141	33	14	14	NUM
fbem-9853	141	34	.	.	PUNCT
fbem-9853	142	1	[	[	X
fbem-9853	142	2	16	16	NUM
fbem-9853	142	3	]	]	PUNCT
fbem-9853	142	4	k.	k.	PROPN
fbem-9853	142	5	g.	g.	PROPN
fbem-9853	142	6	zhou	zhou	PROPN
fbem-9853	142	7	,	,	PUNCT
fbem-9853	142	8	z.	z.	PROPN
fbem-9853	142	9	y.	y.	PROPN
fbem-9853	142	10	xing	xing	PROPN
fbem-9853	142	11	,	,	PUNCT
fbem-9853	142	12	s.	s.	PROPN
fbem-9853	142	13	y.	y.	PROPN
fbem-9853	142	14	peng	peng	PROPN
fbem-9853	142	15	,	,	PUNCT
fbem-9853	142	16	risk	risk	NOUN
fbem-9853	142	17	transmission	transmission	NOUN
fbem-9853	142	18	mechanism	mechanism	NOUN
fbem-9853	142	19	between	between	ADP
fbem-9853	142	20	industry	industry	NOUN
fbem-9853	142	21	risk	risk	NOUN
fbem-9853	142	22	and	and	CCONJ
fbem-9853	142	23	macro	macro	NOUN
fbem-9853	142	24	-	-	NOUN
fbem-9853	142	25	economy	economy	NOUN
fbem-9853	142	26	in	in	ADP
fbem-9853	142	27	china	china	PROPN
fbem-9853	142	28	's	's	PART
fbem-9853	142	29	stock	stock	NOUN
fbem-9853	142	30	market	market	NOUN
fbem-9853	142	31	,	,	PUNCT
fbem-9853	142	32	financial	financial	ADJ
fbem-9853	142	33	research	research	NOUN
fbem-9853	142	34	,	,	PUNCT
fbem-9853	142	35	2020	2020	NUM
fbem-9853	142	36	(	(	PUNCT
fbem-9853	142	37	12	12	NUM
fbem-9853	142	38	):	):	PUNCT
fbem-9853	142	39	151	151	NUM
fbem-9853	142	40	-	-	SYM
fbem-9853	142	41	168	168	NUM
fbem-9853	142	42	.	.	PUNCT
fbem-9853	143	1	[	[	X
fbem-9853	143	2	17	17	NUM
fbem-9853	143	3	]	]	PUNCT
fbem-9853	143	4	k.	k.	PROPN
fbem-9853	143	5	zhong	zhong	PROPN
fbem-9853	143	6	,	,	PUNCT
fbem-9853	143	7	c.	c.	PROPN
fbem-9853	143	8	l.	l.	PROPN
fbem-9853	143	9	sun	sun	PROPN
fbem-9853	143	10	,	,	PUNCT
fbem-9853	143	11	y.	y.	PROPN
fbem-9853	143	12	y.	y.	PROPN
fbem-9853	143	13	wang	wang	PROPN
fbem-9853	143	14	,	,	PUNCT
fbem-9853	143	15	h.	h.	PROPN
fbem-9853	143	16	c.	c.	PROPN
fbem-9853	143	17	wang	wang	PROPN
fbem-9853	143	18	,	,	PUNCT
fbem-9853	143	19	capital	capital	NOUN
fbem-9853	143	20	market	market	NOUN
fbem-9853	143	21	opening	opening	NOUN
fbem-9853	143	22	up	up	ADP
fbem-9853	143	23	and	and	CCONJ
fbem-9853	143	24	stock	stock	NOUN
fbem-9853	143	25	price	price	NOUN
fbem-9853	143	26	heterogeneous	heterogeneous	ADJ
fbem-9853	143	27	fluctuation	fluctuation	NOUN
fbem-9853	143	28	empirical	empirical	ADJ
fbem-9853	143	29	evidence	evidence	NOUN
fbem-9853	143	30	from	from	ADP
fbem-9853	143	31	"	"	PUNCT
fbem-9853	143	32	shanghai	shanghai	PROPN
fbem-9853	143	33	hong	hong	PROPN
fbem-9853	143	34	kong	kong	PROPN
fbem-9853	143	35	stock	stock	PROPN
fbem-9853	143	36	connect	connect	PROPN
fbem-9853	143	37	"	"	PUNCT
fbem-9853	143	38	,	,	PUNCT
fbem-9853	143	39	financial	financial	ADJ
fbem-9853	143	40	research	research	NOUN
fbem-9853	143	41	,	,	PUNCT
fbem-9853	143	42	2018	2018	NUM
fbem-9853	143	43	(	(	PUNCT
fbem-9853	143	44	07	07	NUM
fbem-9853	143	45	):	):	PUNCT
fbem-9853	143	46	174	174	NUM
fbem-9853	143	47	-	-	SYM
fbem-9853	143	48	192	192	NUM
fbem-9853	143	49	.	.	PUNCT