Research on the Convertibility of the Renminbi Capital Account

Author: Li Yao
Publisher:
Publish Date: 2004-12-01
Features: Focusing on the research of the capital account convertibility model and process of the RMB, this study conducts a detailed analysis of the current status of China's capital account convertibility through extensive literature review. By examining the special constraints imposed by non-international currencies and currency internationalization on the RMB's capital account convertibility, as well as applying the capital balance model to analyze China's capital flows and management status, it proposes a model for advancing the RMB's capital account convertibility. Based on this, it designs the specific process of the RMB's capital account convertibility and offers some related policy recommendations.