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China's Exchange Rate Regime

China's Exchange Rate Regime

Hardcover

Series: Routledge Studies on the Chinese Economy

EconomicsInvesting & FinanceGeneral Racism & Ethnic Studies

ISBN10: 1138819379
ISBN13: 9781138819375
Publisher: Routledge
Published: Dec 12 2014
Pages: 322
Weight: 1.30
Height: 0.90 Width: 6.20 Depth: 9.10
Language: English

The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. This book reports on a major research project undertaken following the 2005 exchange rate reform to assess the impact on China's economy. 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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