The Debate On China S Exchange Rate
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The Debate On China S Exchange Rate
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Author : Jialin Zhang
language : en
Publisher: Hoover Press
Release Date : 2004
The Debate On China S Exchange Rate written by Jialin Zhang and has been published by Hoover Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with China 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.
Rmb Exchange Rate The Past Current And Future
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Author : Yin-wong Cheung
language : en
Publisher: World Scientific
Release Date : 2016-11-22
Rmb Exchange Rate The Past Current And Future written by Yin-wong Cheung and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-22 with Business & Economics categories.
Over the past two decades, China's robust economic performance has propelled it to the world stage. At the same time, the world has increasingly scrutinized China's economic policies and activities. One of the hotly contested issues is China's foreign exchange rate policy. China's current reform and modernization policies to convert its centrally planned economy towards a market-driven one could hardly draw on experiences of other countries.This book provides a succinct and up-to-date account of China's exchange rate policy including the currency undervaluation debate and the internationalization of its currency. It begins with a brief history of the modern China's foreign exchange rate policy. In particular, it highlights the three Chinese policy characteristics; namely, independence, controllability and practicability, and graduality. This prologue helps to interpret China's policy on its currency, the renminbi (RMB); including its recent initiatives to promote the international use of its currency.The book covers the basic theoretical and empirical issues that are relevant for determining the equilibrium value of the RMB exchange rate and, hence, its degree of misalignment. Then it evaluates the controversy surrounding the RMB valuation debate, and highlights the sensitivity of empirical estimates of the degree of misalignment to alternative presumptions.The book also examines the timely issues related to China's recent efforts in promoting the use of its currency in the global financial market. After describing the background of China's recent efforts to internationalize the RMB, the book a) discusses the main promotional policies, including the recent Qianhai project and Shanghai Free Trade Zone initiative, b) evaluates the current status of the offshore RMB market, the level of international use of the RMB and the admission to the SDR basket, and c) assesses the future prospects of the RMB to be a global currency.
China S Exchange Rate Politics
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Author : Charles Freeman (III)
language : en
Publisher:
Release Date : 2012
China S Exchange Rate Politics written by Charles Freeman (III) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Foreign exchange rates categories.
On June 19, 2010, the People's Bank of China, the country's central bank, announced with much fanfare that China would allow the resumption of the renminbi's (RMB) steady appreciation against the dollar through 'a managed floating exchange rate regime' tied to a basket of currencies. Upon the announcement, speculation has focused on the future of the RMB, particularly on how much and how fast the currency would appreciate. This report concludes that although the announcement last year signaled the Chinese government's intention to continue its plan to gradually liberalize the RMB exchange rate mechanism, the Chinese central leadership circle has been embroiled in endless debate, with the Chinese Ministry of Commerce and the People's Bank of China serving as the primary agencies in conflict, on whether China should gradually open its capital market and allow more flexibility in RMB's exchange rate. As the U.S. bilateral trade deficit with China continues to soar, the RMB's value has become a significant trade issue between China and the United States. This report aims to decipher the contrasting views within Chinese central leadership circles on the issue of currency reform, in particular the PBOC's motivations as the main backer of currency reform and the Ministry of Commerce's efforts to impede reform; and to ascertain the pace and process of China's currency reform in the future.
Does China Need A More Flexible Exchange Rate
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Author : Teng T. Xu
language : en
Publisher:
Release Date : 2010
Does China Need A More Flexible Exchange Rate written by Teng T. Xu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Foreign exchange rates categories.
"During the past few years, there has been heated debate - both domestically and internationally - about China’s exchange rate policy. At the heart of the debate are two fundamental issues: First, is the renminbi undervalued? If so, by how much; and second, toward what exchange rate regime should China move? This paper sheds light on the first issue by examining the "equilibrium" value of the renminbi and its alleged undervaluation, but focuses on the second issue - in particular, the risks to financial stability and the domestic costs of China’s current exchange rate regime. By reviewing a large number of Chinese and western literatures on a series of specific issues pertaining to China’s exchange rate policy such as: the revolution of the renminbi exchange rate regime since the start of the economic reforms 30 plus year ago; the "equilibrium" value of the renminbi and its alleged undervaluation; China’s fast growing current account surplus in recent years and its contribution factors; the risks to financial stability and other domestic costs of China’s current rigid exchange rate regime, this paper finds that the latest debates on the renminbi exchange rate regime in China mirror those in the west. In other words, there are same rival camps both inside and outside China. The synthesis of their findings is that greater exchange rate flexibility can resolve many of the challenges and obstacles posed by China’s current tightly managed exchange rate regime."--P. ii.
Chinese Currency Exchange Rates Analysis
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Author : Jiangze Du
language : en
Publisher: Routledge
Release Date : 2017-09-05
Chinese Currency Exchange Rates Analysis written by Jiangze Du and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-05 with Business & Economics categories.
This book provides an overview of Chinese RMB exchange markets and its risk management strategies. The view that RMB is playing an increasingly international role has been widely accepted by practitioners as well as scholars worldwide. Moreover, the Chinese government is opening the control of RMB exchange market step by step. However, some related topics are under heated debate, such as how to manage and warn of the currency crisis, what the trend of RMB exchange rate in the future is, and how to hedge the exchange risk in the process of RMB internationalization. In this book, we will give distinct answers to the above questions.
China S Currency
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Author : Wayne M. Morrison
language : en
Publisher:
Release Date : 2010
China S Currency written by Wayne M. Morrison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Report that provides an overview of the economic issues surrounding the current debate over China's currency policy. It identifies the economic costs and benefits of China's currency policy for both China and the United States, and possible implications if China were to allow its currency to significantly appreciate or to float freely. It also examines proposed legislation in the 111th Congress that seek to address China's currency policy.
Impact Of Chinese Exchange Rate Policy And Its Trade Balance With The United States
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Author : Joseph Katie
language : de
Publisher:
Release Date : 2013-08
Impact Of Chinese Exchange Rate Policy And Its Trade Balance With The United States written by Joseph Katie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08 with categories.
Master's Thesis from the year 2011 in the subject Business economics - Investment and Finance, grade: B, Oxford University, language: English, abstract: From 1993, united states-china trade deficit has been increasing with the gap becoming bigger. Widening imbalance in bilateral trade has caused a number of concerns. This dissertation uses both secondary data and primary data to examine Chinese exchange rate policy and its trade balance with United States. Consequently, it was found that when statistical data was adjusted between 1989 and 2005, the trade imbalance of United States - china trade is not as united states report but occurs inevitably due to economic development. In addition, occurrence of trade deficit may not b a profit loss. Moreover, United States consumers and investors are benefiting from the trade between United States and china. According to the results, the china-united states debate on Chinese exchange rate debates are merely differences in perception in sequencing Chinese adoption of policies of making the exchange rate system flexible and reducing capital control.
The International Political Economy Of Exchange Rates
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Author : JingChun Zhang
language : en
Publisher:
Release Date : 2005
The International Political Economy Of Exchange Rates written by JingChun Zhang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with China categories.
Exchange Rate Misalignment Estimates The Case Of The Chinese Renminbi
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Author : Yin-Wong Cheung
language : en
Publisher:
Release Date : 2012
Exchange Rate Misalignment Estimates The Case Of The Chinese Renminbi written by Yin-Wong Cheung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.