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A Study on the Reform and Determinants of China's Exchange Rate Regime

Nam, Soo Joong 1

1공주대학교

Candidate

ABSTRACT

This study is focused on the reforms of Chinese RMB(yuan) exchange rate regime and discussing the accelerating revaluation of yuan currency exchange rate after specific changes in July 2005. According to an empirical result, Chinese RMB(yuan) nominal exchange rate policies are affected by macro-economic variables(external balance and internal balance), especially the reforms of exchange rate regime is much more influenced by external balance than internal balance. Although exchange rate management poses some challenges(internal and external), Chinese government appears prefer gradual currency revaluations to drastic reform of exchange rate regime, so as to stabilize her macroeconomic.

Citation status

* References for papers published after 2023 are currently being built.