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but to press for reform since the current growth model is no longer working and China urgently needs to better allocate …This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account … liberalisation and internationalisation of the use of the renminbi. After a slowdown in reform momentum during the global financial …
Persistent link: https://www.econbiz.de/10011384045
currencies. China stopped pegging her currency to the US dollar and moved into a managed floating exchange rate system on July 21 …, 2005. The change in China’s exchange rate regime opens a window of opportunity to investigate the influence of renminbi on …This paper investigates the emerging influence of the Chinese renminbi on the exchange rate movements of East Asian …
Persistent link: https://www.econbiz.de/10009710472
Persistent link: https://www.econbiz.de/10010506541
Empirical studies outline developing countries’ experience economic growth through an undervalued exchange rate and … that exchange rate overvaluations have negative long term effects on economic growth. This paper examined the impact of … exchange rate movements as well as exchange rate misalignments on economic growth for the Trinidad and Tobago economy over the …
Persistent link: https://www.econbiz.de/10011956526
This paper examines changes in the balance sheets of the banking system in five East Asian economies which were affected by the 1997 Asian Crisis. These countries have persistently accumulated international reserves since the crisis. This paper estimates the impact of reserve accumulation on...
Persistent link: https://www.econbiz.de/10009728595
Persistent link: https://www.econbiz.de/10003944491
In this paper we attempt to determine whether the Chinese foreign exchange reserves have been too large. We empirically analyzed the foreign exchange reserves first by using the rate analysis method and then using the cost-profit method. Using the rate analysis method we found that the Chinese...
Persistent link: https://www.econbiz.de/10009539851
Persistent link: https://www.econbiz.de/10010258977
This paper features an analysis of major currency exchange rate movements in relation to the US dollar, as constituted …). The results suggest that there is no dominating class of time series models, and the different currency pairs …
Persistent link: https://www.econbiz.de/10011443686
-presently restricted in their access to international currency-would likely embrace it. Begun by China, with support from the international …China and the international monetary system need each other. The international monetary system is strained, with crisis … just around the corner, yet reform is not on anyone's agenda. Meanwhile China, deeply invested in the current system, faces …
Persistent link: https://www.econbiz.de/10012022211