China's Exchange Rate Regime
eBook - ePub

China's Exchange Rate Regime

  1. 262 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

China's Exchange Rate Regime

Book details
Table of contents
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About This Book

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.

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Information

Publisher
Routledge
Year
2014
ISBN
9781317592433
Edition
1
Topic
Economics
Subtopic
International Economics
Index
Economics

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Contents
  5. List of figures
  6. List of tables
  7. List of contributors
  8. Foreword
  9. Preface
  10. Speech at the press conference announcing the presentation of the report: Six misconceptions in assessing RMB exchange-rate reform
  11. Summary of research results
  12. 1 Analysis of the impact of RMB exchange-rate adjustments on China’s overall economy and national welfare
  13. 2 The impact of an appreciating RMB on China’s import and export trade
  14. 3 The impact of RMB exchange-rate adjustments on enterprises and industries involved in foreign trade
  15. 4 An analysis of the effect of exchange-rate fluctuations on the banking industry
  16. 5 Evaluating the ‘real equilibrium exchange rate’ of the RMB
  17. 6 China’s strategy for reforming its RMB exchange-rate policy and macroeconomic policies in support of that strategy
  18. 7 An international comparison of exchange-rate policies in countries that have undergone economic transition
  19. Index