China S Exchange Rate Regime
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China S Exchange Rate Regime
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Author : China Development Research Foundation
language : en
Publisher: Routledge
Release Date : 2014-12-05
China S Exchange Rate Regime written by China Development Research Foundation and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-05 with Business & Economics categories.
The imbalance between China’s currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China’s 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 China’s 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 China’s 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.
China S Evolving Exchange Rate Regime
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Author : Mr.Sonali Das
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-07
China S Evolving Exchange Rate Regime written by Mr.Sonali Das and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-07 with Business & Economics categories.
China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.
China S Exchange Rate System Reform
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Author : Paul Sau-Leung Yip
language : en
Publisher: World Scientific
Release Date : 2011
China S Exchange Rate System Reform written by Paul Sau-Leung Yip and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
The author of this book is the original proponent of China''s exchange rate system reform announced in 2005. This book discusses: The transitional, medium-term and long-term designs of the reform; China''s achievements and mistakes on the reform; China''s banking reform and its lessons to other emerging economies; Maintaining a certain trade surplus as a dynamically optimal choice for China; China''s stock market bubble and the gradual bubble squeezing strategy; China''s property inflation and its solution; China''s fiscal and monetary policies during and after the global financial tsunami; Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami; Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery. Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of OC macroeconomic policy managementOCO as a new and important discipline in economics. While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful."
China S Exchange Rate Regime And Its Effects On The U S Economy
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic and International Monetary Policy, Trade, and Technology
language : en
Publisher:
Release Date : 2004
China S Exchange Rate Regime And Its Effects On The U S Economy written by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic and International Monetary Policy, Trade, and Technology and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Debating China S Exchange Rate Policy
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Author : Morris Goldstein
language : en
Publisher: Peterson Institute
Release Date : 2008
Debating China S Exchange Rate Policy written by Morris Goldstein and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Currency question categories.
The Future Of China S Exchange Rate Policy
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Author : Morris Goldstein
language : en
Publisher: Peterson Institute
Release Date : 2009
The Future Of China S Exchange Rate Policy written by Morris Goldstein and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with China categories.
Exchange Rate Systems And Policies In Asia
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Author : Paul S. L. Yip
language : en
Publisher: World Scientific
Release Date : 2008
Exchange Rate Systems And Policies In Asia written by Paul S. L. Yip and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore''s exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China''s latest exchange rate system reform.
Is China S Currency Increasingly Important
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Author : Yinggang Zhou
language : en
Publisher: Springer Nature
Release Date :
Is China S Currency Increasingly Important written by Yinggang Zhou and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Putting The Cart Before The Horse Capital Account Liberalization And Exchange Rate Flexibility In China
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Author : Mr.Eswar Prasad
language : en
Publisher: International Monetary Fund
Release Date : 2005-01-01
Putting The Cart Before The Horse Capital Account Liberalization And Exchange Rate Flexibility In China written by Mr.Eswar Prasad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
This paper reviews the issues involved in moving towards greater exchange rate flexibility and capital account liberalization in China. A more flexible exchange rate regime would allow China to operate a more independent monetary policy, providing a useful buffer against domestic and external shocks. At the same time, weaknesses in China’s financial system suggest that capital account liberalization poses significant risks and should be a lower priority in the short term. This paper concludes that greater exchange rate flexibility is in China’s own interest and that, along with a more stable and robust financial system, it should be regarded as a prerequisite for undertaking a substantial liberalization of the capital account.
China S Currency And Economic Issues
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Author : Wayne M. Morrison
language : en
Publisher: Nova Publishers
Release Date : 2006
China S Currency And Economic Issues written by Wayne M. Morrison and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
China has a policy of pegging its currency (the yuan) to the U.S. dollar. If the yuan is undervalued against the dollar, there are likely to be both benefits and costs to the U.S. economy. It would mean that imported Chinese goods are cheaper than they would be if the yuan were market determined. This lowers prices for U.S. consumers and diminishes inflationary pressures. It also lowers prices for U.S. firms that use imported inputs (such as parts) in their production, making such firms more competitive. Critics of China's peg point to the large and growing U.S. trade deficit with China as evidence that the yuan is undervalued and harmful to the U.S. economy. The relationship is more complex, for a number of reasons. First, while China runs a large trade surplus with the United States, it runs a significant trade deficit with the rest of the world. Second, an increasing level of Chinese exports are from foreign invested companies in China that have shifted production there to take advantage of China's abundant low cost labour. Third, the deficit masks the fact that China has become one of the fastest growing markets for U.S. exports. total U.S. bilateral trade deficits in 2004, indicating that the overall trade deficit is not caused by the exchange rate policy of one country, but rather the shortfall between U.S. saving and investment. This book presents a coherent examination of the details behind China's currency policies as they relate to outside factors.