CAJ | 학술논문

印度和中国同属亚洲人口和经济大国，均采取渐进、审慎的方式推进资本项目可兑换，取得了积极成效。印度资本流入结构比较均衡，证券投资开放程度领先于中国。推进资本项目可兑换方面，印度坚持控制的主动性和必要时恢复管制的灵活性、深化金融改革为资本项目可兑换创造良好的外部条件、注重通过宏观调控手段优化资本流动结构以解决资本流动中产生的问题、加强短期资本流动管制以防止短期资本流动对经济的冲击、加强房地产资本管制以防止国际投机资本引发房地产风险，值得中国借鉴。
인도화중국동속아주인구화경제대국，균채취점진、심신적방식추진자본항목가태환，취득료적겁성효。인도자본류입결구비교균형，증권투자개방정도령선우중국。추진자본항목가태환방면，인도견지공제적주동성화필요시회복관제적령활성、심화금융개혁위자본항목가태환창조량호적외부조건、주중통과굉관조공수단우화자본류동결구이해결자본류동중산생적문제、가강단기자본류동관제이방지단기자본류동대경제적충격、가강방지산자본관제이방지국제투궤자본인발방지산풍험，치득중국차감。
Both India and China are the dominant countries in population and economy in Asia, and they all have positive effects in implementing capital account convertibility gradually and prudently. India has relatively balanced capital inflow structure and is ahead of China in securities openness. China should use for reference from India＇ s characteristics of capital account convertibility, such as taking the initiative and flexibility to control capital flow, deepening financial reform in order to create good external environment for capital account convertibility, optimizing capital flow structure to solve various problems emerging from capital flow by means of macroeconomic controlling, strengthening short - term capital flow controlling to protect from its impact and enhancing capital controlling in real estate to protect from the international speculative risks.