The exchange rate system reform in China: Some important results

The exchange rate system reform in China: Some important results

We provide a review and empirical study on the exchange rate system reform in China. In the initial stage of the reform the Chinese central bank PBoC's implicit promise of gradual appreciation helped to contain the appreciation rate and volatility of the renminbi. Subsequently, under US pressur...

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Bibliographic Details
Main Authors: YIP, Paul S. L., TSE, Yiu Kuen, DONG, Yingjie
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
exchange rate system
reform
GARCH model
nominal effective exchange rate
renminbi
China
Asian Studies
Macroeconomics
Online Access:https://ink.library.smu.edu.sg/soe_research/2679
https://ink.library.smu.edu.sg/context/soe_research/article/3678/viewcontent/yip_et_al_2022_the_exchange_rate_system_reform_in_china_some_important_results.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2679
https://ink.library.smu.edu.sg/context/soe_research/article/3678/viewcontent/yip_et_al_2022_the_exchange_rate_system_reform_in_china_some_important_results.pdf

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