Construction of weights in the RMB basket currency exchange rate system

Author: China Social Sciences Press
Publisher:
Publish Date: 2005-08-14
Features: This book studies the major and urgent issue of China's exchange rate system reform—the formation mechanism of the RMB exchange rate. Starting from the weights of the RMB basket currency exchange rate system, the author, based on theoretical innovation, conducts multi-angle empirical data verification to preliminarily lay a foundation for incorporating the relative productivity progress indicator into the weight design of the RMB basket currency exchange rate system, with a focus on scientificity, rationality, and operability. This holds significant theoretical and practical implications.