Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/11105
DC Field | Value | Language |
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dc.contributor | 政大國發所 | - |
dc.creator | 童振源;Sam Baker | zh_TW |
dc.creator | Tung,Chen-yuan;BAKER,Sam | - |
dc.date | 2004-04 | en_US |
dc.date.accessioned | 2008-11-28T04:40:06Z | - |
dc.date.available | 2008-11-28T04:40:06Z | - |
dc.date.issued | 2008-11-28T04:40:06Z | - |
dc.identifier.uri | https://nccur.lib.nccu.edu.tw/handle/140.119/11105 | - |
dc.description.abstract | 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 | China Economic Review,15(3),331-335 | en_US |
dc.subject | Renminbi exchange rate;Hot money;Exchange rate regime;Monetary policy;Foreign exchange\r\nreserves | - |
dc.title | RMB Revaluation Will Serve China`s Self-Interest | en_US |
dc.type | article | en |
dc.identifier.doi | 10.1016/j.chieco.2004.06.003 | en_US |
dc.doi.uri | http://dx.doi.org/10.1016/j.chieco.2004.06.003 | en_US |
item.fulltext | With Fulltext | - |
item.openairetype | article | - |
item.languageiso639-1 | en_US | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | open | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
Appears in Collections: | 期刊論文 |
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W-A-a-4.pdf | 67.45 kB | Adobe PDF2 | View/Open |
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