China's Exchange Rates and Exchange Rate Regimes

ISBN-13: 9783838388618 / Angielski / Miękka / 2010 / 232 str.

Jingtao Yi

Opis

In the early years of the twenty-first century, Chinas continuing large current account surpluses and rapid accumulation of foreign exchange reserves have focused considerable global attention on the value of the Chinese currency and the feasibility of its exchange rate regime. Given the fact that any change in Chinas exchange rate will have a major impact internally as well as externally, the issues of the renminbi appreciation and the optimal option for Chinas exchange rate regime have become of major concern to China and many other countries. Very little academic literature exists on clarifying these issues theoretically and empirically in an integrated framework and in light of the Chinese distinct experience. This book, therefore, provides a new insight into Chinas exchange rate policy by applying a macroeconomic-balance approach to analyse the equilibrium exchange rate and the desired exchange regime for China in favour of its required macroeconomic adjustment. The analysis should help build a more informed dialogue between China and the rest of the world and should be also useful to professionals in government, business and other academic organisations.

O autorze

Jingtao Yi, PhD: Studied Economics at University of Nottingham. Assistant Professor in Economics at School of Business, Renmin University of China, Beijing.