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China's exchange rate regime

Contributor(s): Material type: TextTextSeries: Routledge Studies on the Chinese Economy 57Publication details: London Routledge 2015Description: lx, 262 pISBN:
  • 9781138819375
Subject(s): DDC classification:
  • 332.4560951 C4C4
Summary: 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.(http://www.routledge.com/books/details/9781138819375/)
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Books Vikram Sarabhai Library Rack 18-B / Slot 683 (0 Floor, West Wing) Non-fiction General Stacks 332.4560951 C4C4 (Browse shelf(Opens below)) Available 189389

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.(http://www.routledge.com/books/details/9781138819375/)

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