Towards a floating RMB exchange rate regime.

The main challenge of China’s current exchange rate regime is that with large and frequent interventions, the RMB exchange rate cannot adequately respond to the changes in economic fundamentals. This will lead to unilateral exchange rate expectations and large-scale capital inflows or outflows. In a...

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Bibliographic Details

Published in:	China Economic Journal Vol. 11; no. 1; pp. 53 - 61
Main Author:	Bin, Zhang
Format:	Article
Published:	Taylor & Francis Ltd Feb2018
Subjects:	China Capital movements Foreign exchange market Renminbi Foreign exchange rates Hard currencies
Online Access:	View this record in EBSCOhost