RMB Puzzle: The Current Situation and Future Reforms of RMB Exchange Rates: The Current Situation and Future Reforms of RMB Exchange Rates

Author: Yu Yongding
Publisher:
Publish Date: 2004-01-01
Features: What is the essence of the recent disputes surrounding the RMB? What will be the short-term trend of the nominal exchange rate of the RMB and the long-term destination of the exchange rate system? Based on the latest research findings from the China Academy of Social Sciences' Center for International Finance, this book compiles discussions from scholars from the United States, Japan, the United Kingdom, and other countries. It represents the forefront of Chinese academic research on exchange rate issues and reflects the representative views in current discussions on the RMB exchange rate. The book focuses on topics such as the international pressure on RMB appreciation, the reasonable exchange rate level of the RMB, the costs and benefits of RMB appreciation, strategies to address the pressure of RMB appreciation, and the direction of reforms for the RMB exchange rate system. The views presented in this book are receiving widespread attention. What is the essence of the recent disputes surrounding the RMB? What will be the short-term trend of the nominal exchange rate of the RMB and the long-term destination of the exchange rate system? Based on the latest research findings from the China Academy of Social Sciences' Center for International Finance, this book compiles discussions from scholars from the United States, Japan, the United Kingdom, and other countries. It represents the forefront of Chinese academic research on exchange rate issues and reflects the representative views in current discussions on the RMB exchange rate. The book focuses on topics such as the international pressure on RMB appreciation, the reasonable exchange rate level of the RMB, the costs and benefits of RMB appreciation, strategies to address the pressure of RMB appreciation, and the direction of reforms for the RMB exchange rate system. The views presented in this book are receiving widespread attention.