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
Resource Information
The item The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
- 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. --
- Language
- eng
- Extent
- xii, 264 pages
- Contents
-
- Introduction
- The Chinese economy
- Exchange rate policy
- RMB valuation
- RMB internationalization, I
- RMB internationalization, II
- Concluding remarks
- Isbn
- 9789814675499
- 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
- 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
- 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
- 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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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/The-RMB-exchange-rate--past-current-and/rcYllpl-3ws/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/The-RMB-exchange-rate--past-current-and/rcYllpl-3ws/">The RMB exchange rate : past, current, and future, Yin-Wong Cheung, Kenneth K Chow, Fengming Qin</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>
