China/s Exchange Rate Regime China Development Research Foundation

ISBN: 9781317592433

Published: December 5th 2014

ebook

322 pages


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China/s Exchange Rate Regime  by  China Development Research Foundation

China/s Exchange Rate Regime by China Development Research Foundation
December 5th 2014 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 322 pages | ISBN: 9781317592433 | 10.50 Mb

The imbalance between Chinas currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of Chinas exchange rate mechanism in 2005, following which the RMB appreciated 17% againstMoreThe imbalance between Chinas currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy.

There was a reform of Chinas exchange rate mechanism in 2005, following which the RMB appreciated 17% against the US dollar, but many people argue that further reform is still needed. This book reports on a major research project undertaken following the 2005 reform to assess the impact on Chinas economy. It considers the impact in a number of areas of the economy, including export-oriented companies, the banking industry, international trade, international capital flows, and Chinas macroeconomic policy.

It concludes that the policies pursued so far have been correct, and that further reform, both to the exchange rate, and to the system overall, would be desirable, but that any reform should be gradual and incremental, preserving economic stability, and integrating changes with reform in other parts of the economy.



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