Coverart for item
The Resource The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin

The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin

Label
The RMB exchange rate : past, current, and future
Title
The RMB exchange rate
Title remainder
past, current, and future
Statement of responsibility
Yin-Wong Cheung, Kenneth K Chow, Fengming Qin
Creator
Contributor
Author
Subject
Language
eng
Summary
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. Readership: Academics, policy-makers, professionals, undergraduate and graduate students, interested in China's exchange rate policy and internationalization of its currency. --
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Cheung, Yin-Wong
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Chow, Kenneth K.
  • Qin, Fengming
http://library.link/vocab/subjectName
  • Renminbi
  • Foreign exchange
  • China
Label
The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 231-256) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction -- The Chinese economy -- Exchange rate policy -- RMB valuation -- RMB internationalization, I -- RMB internationalization, II -- Concluding remarks
Control code
ocn907661692
Dimensions
24 cm
Extent
xii, 264 pages
Isbn
9789814675499
Lccn
2016026892
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)907661692
Label
The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin
Publication
Bibliography note
Includes bibliographical references (pages 231-256) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction -- The Chinese economy -- Exchange rate policy -- RMB valuation -- RMB internationalization, I -- RMB internationalization, II -- Concluding remarks
Control code
ocn907661692
Dimensions
24 cm
Extent
xii, 264 pages
Isbn
9789814675499
Lccn
2016026892
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)907661692

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