RMB suspense

Author: Yu Yongding
Publisher:
Publish Date: 2004-01-01
Features: Since the beginning of the year, the various disputes surrounding the RMB have been centered on what their essence is. What is the short-term trend of the nominal exchange rate of the RMB and the long-term destination of the exchange rate system? This book is based on the latest research findings from the International Finance Research Center of the Chinese Academy of Social Sciences and collects discussions from scholars from the United States, Japan, the United Kingdom, and other countries. This book represents the forefront of Chinese academic research on exchange rate issues and is a representative viewpoint 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 cope with the pressure of RMB appreciation, and the ideas for reforming the RMB exchange rate system. The views in this book are receiving widespread attention. The papers included in this book, which study the RMB exchange rate, discuss the international public opinion on RMB appreciation, analyze how to respond to the current appreciation pressure, and conduct research on the future reform of the exchange rate system.