Showing 1 - 10 of 2,442
This paper deals with two related issues: the sustainability of China's exchange rate regime and the opening up of its capital account. The exchange rate discussion deliberately passes over the issue of the "equilibrium" value of the renminbi and its alleged undervaluation - typically at the...
Persistent link: https://www.econbiz.de/10011643520
Despite an erosion of consensus on its benefits, capital account convertibility remains a long-term goal of China. This paper identifies three major preconditions for convertibility in China: a strong domestic banking system, relatively developed domestic financial markets, and an equilibrium...
Persistent link: https://www.econbiz.de/10014185635
Persistent link: https://www.econbiz.de/10009009602
The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China's general expansion in the "real" world economy, and its accumulation of official foreign exchange reserves. There is no doubt that the role of the RMB for the global economy will...
Persistent link: https://www.econbiz.de/10009673937
Persistent link: https://www.econbiz.de/10009681539
This paper explores the links between gradual capital account liberalization and the exchange rate regime in Morocco where the process of economic and financial openness is relatively advanced. Using a game theory model with two economic agents, that are monetary authorities and domestic firms,...
Persistent link: https://www.econbiz.de/10010344070
Persistent link: https://www.econbiz.de/10009515371
Persistent link: https://www.econbiz.de/10009519697
Persistent link: https://www.econbiz.de/10011285093
Persistent link: https://www.econbiz.de/10003664285