| dc.contributor | 政大國發所 | - |
| dc.creator (作者) | 童振源;Sam Baker | zh_TW |
| dc.creator (作者) | Tung,Chen-yuan;BAKER,Sam | - |
| dc.date (日期) | 2004-04 | en_US |
| dc.date.accessioned | 28-Nov-2008 12:40:06 (UTC+8) | - |
| dc.date.available | 28-Nov-2008 12:40:06 (UTC+8) | - |
| dc.date.issued (上傳時間) | 28-Nov-2008 12:40:06 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/11105 | - |
| dc.description.abstract (摘要) | China has operated its exchange rate regime as a de-facto peg to the dollar since the devaluation of August 1994. Given the stunning growth in foreign exchange reserves in 2003, this paper argues that the optimal currency adjustment is a one-time maxi revaluation of roughly 15% versus the U.S. dollar to a new fixed rate but to a modified anchor, that is, a trade-weighted currency basket. Once the currency was repegged and the new reference basket was implemented, any additional moves, such as widening the trading band, could be phased during a transition period of some years, providing a safe and effective path to a more flexible exchange rate regime in the medium to long term. | - |
| dc.format | application/ | en_US |
| dc.language | en | en_US |
| dc.language | en-US | en_US |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | China Economic Review,15(3),331-335 | en_US |
| dc.subject (關鍵詞) | Renminbi exchange rate;Hot money;Exchange rate regime;Monetary policy;Foreign exchange reserves | - |
| dc.title (題名) | RMB Revaluation Will Serve China`s Self-Interest | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/j.chieco.2004.06.003 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.chieco.2004.06.003 | en_US |
