The Path to Reforming the International Exchange Rate System: The of Fixed and Floating

Author: Yue Hua
Publisher:
Publish Date: 2005-12-01
Features: This book meticulously outlines the historical evolution of the international exchange rate system and examines the theoretical focus of each stage. While the author studies the traditional topic of the international exchange rate system, they offer a novel interpretation: the international exchange rate system is an arrangement that combines government regulatory commitments with coercion. Analyzing the international exchange rate system from the perspective of a country's combination of commitments and coercion represents a new attempt in theoretical research, holding significance for pioneering research approaches in this field. The author employs game theory to analyze the choice of the international exchange rate system, demonstrating a certain degree of innovation. After critically evaluating the development direction of the international exchange rate system, the author conducts a pragmatic study on the reform of the Chinese yuan exchange rate system. Within the broader context of international exchange rate system reform, researching the orientation and exit strategy of the Chinese yuan exchange rate system, the overall approach aligns with the actual conditions of China's reforms, and the proposed policy recommendations carry strong practical implications.