RMB exchange rate system and financial security

Author: Gao Jianliang
Publisher:
Publish Date: 2006-11-01
Features: This book explores and analyzes the issues of the RMB exchange rate, the choice of exchange rate system, and the construction of financial risk prevention mechanisms in the process of economic and financial globalization. The book is divided into seven parts. Chapter 1 provides a general theoretical overview of the concepts, nature, and impacts of economic globalization, as well as the phenomenon of anti-globalization in the process of economic globalization. Chapter 2 discusses the issue of financial globalization in the process of economic globalization. Chapter 3 mainly introduces Western exchange rate determination theories. Starting from Chapter 4, this book primarily analyzes the evolution of the RMB exchange rate and exchange rate system, as well as reforms in foreign exchange management systems. Chapter 5 mainly explores the determination of the RMB equilibrium exchange rate, the phased adjustment and volatility of the RMB exchange rate, and government intervention. Chapter 6 discusses the adjustment and reform of the RMB exchange rate system against the backdrop of China's entry into the World Trade Organization and the continuous expansion of China's financial openness, as well as how to steadily advance the full convertibility of the RMB. Chapter 7 mainly analyzes the challenges faced by China's financial industry in the context of deepening globalization, and explores how to establish effective financial risk and financial crisis prevention mechanisms.