The Rmb Exchange Rate: Past, Current, and Future: The: Past
Regular price
$123.83 USD
Regular price
$137.59 USD
Sale price
$123.83 USD
Unit price
per
You save $13.76 USD (10%)
In stock — Ships within 1–2 business days
Format
Print Book
Currently viewing
Hardcover
$123.83 USD
$137.59 USD
Secure CheckoutYour data is protected
Fast U.S. ShippingShips within 1–2 business days
Authentic Titles100% Genuine Books
Book Overview Over the past two decades, China's robust economic performance has propelled it to the world stage. At the same time, the world has incre...
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.
Book Details Format: Hardcover | Pages: 264 | Language: English | Publisher: WORLD SCIENTIFIC PUB CO INC | ISBN: 9814675490
FormatHardcover
Pages264
LanguageEnglish
ISBN9814675490
EAN9789814675499
PublisherWORLD SCIENTIFIC PUB CO INC
Publication Date2016-11-25
AccessoriesNo Accessory
ConditionNew
Product TypeHARD COVER BOOKS
Weight1.1 Pounds
Length9.0 Inches
Width6.2 Inches
Height0.8 Inches
Shipping & Returns Fast, reliable shipping and easy returns on eligible items.
Most orders ship within 1–2 business days with fast, reliable U.S. delivery.
Eligible items can be returned within 30 days in line with our store return policy.
Why shop with AlbakiReads
Fresh Inventory from Major Publishers
Sourced through trusted book distributors, with fresh titles added regularly.
Secure Checkout
Your payment information is encrypted and protected every step of the way.
Fast U.S. Shipping
Most orders ship within 1–2 business days.
Books for Every Kind of Reader
From page-turners to timeless classics—find your next favorite read.
