China's exchange rate system reform :: lessons for macroeconomic policy management /
The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses : The transitional, medium-term and long-term designs of the reform; China's achievements and mistakes on the reform; China's banking reform and its lessons...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore ; Hackensack, N.J. :
World Scientific,
©2011.
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses : The transitional, medium-term and long-term designs of the reform; China's achievements and mistakes on the reform; China's banking reform and its lessons to other emerging economies; Maintaining a certain trade surplus as a dynamically optimal choice for China; China's stock market bubble and the gradual bubble squeezing strategy; China's property inflation and its solution; China's fiscal and monetary policies during and after the global financial tsunami; Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami; Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery. Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of "macroeconomic policy management" as a new and important discipline in economics. While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful. |
| Beschreibung: | 1 online resource (xxxv, 402 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 391-393) and index. |
| ISBN: | 9789814289115 9814289116 128343332X 9781283433327 |
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| 100 | 1 | |a Yip, Paul Sau-Leung. |0 http://id.loc.gov/authorities/names/n2005208820 | |
| 245 | 1 | 0 | |a China's exchange rate system reform : |b lessons for macroeconomic policy management / |c Paul Yip Sau Leung. |
| 260 | |a Singapore ; |a Hackensack, N.J. : |b World Scientific, |c ©2011. | ||
| 300 | |a 1 online resource (xxxv, 402 pages) : |b illustrations | ||
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| 504 | |a Includes bibliographical references (pages 391-393) and index. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses : The transitional, medium-term and long-term designs of the reform; China's achievements and mistakes on the reform; China's banking reform and its lessons to other emerging economies; Maintaining a certain trade surplus as a dynamically optimal choice for China; China's stock market bubble and the gradual bubble squeezing strategy; China's property inflation and its solution; China's fiscal and monetary policies during and after the global financial tsunami; Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami; Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery. Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of "macroeconomic policy management" as a new and important discipline in economics. While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful. | ||
| 505 | 0 | |a About the Author; Preface; Brief Contents; Contents; Acknowledgements; Part I: China's Exchange Rate System Reform; Chapter 1 Macroeconomic Conditions and Debates Before the Reform; 1.1 Macroeconomic Conditions Before the Reform; 1.1.1 The Beginning of China's Persistent Trade Surplus; 1.1.2 The Asian Financial Crisis: The Beginning of the Peg to US Dollar; 1.1.3 The Weakening US Dollar Since Early 2002: Reasons and Impact; 1.1.4 Other Macroeconomic Performance Before the Reform; 1.2 Debate Before the Reform: Risk of Various Proposals. | |
| 505 | 8 | |a Chapter 2 Transitional and Medium-Term Designs of the Reform2.1 The Proposed Transitional Reform; 2.1.1 Gradual Appreciation, No Major or Medium Jump in Exchange Rate and No Widening of Band; 2.1.2 A Basket of Currencies with Special Care to the Exchange Rate Against the US Dollar at the Early Stage; 2.1.3 A Narrow Exchange Rate Band at the Early Stage; 2.2 The Proposed Medium-Term Arrangements; 2.2.1 The Debating Process Before the Medium-Term Recommendation; 2.2.2 The Medium-Term Recommendation; Chapter 3 Supplementary Measures. | |
| 505 | 8 | |a 3.1 Prolonged Asset Inflation and Then Economic Crisis: A Major Potential Threat to China's Economic Development3.2 Supplementary Measures; 3.2.1 Banking Reform; 3.2.2 Control of Asset Inflation; 3.2.3 Variable Wage Component; 3.2.4 Capital Control; Chapter 4 The Transitional Reform in 2005; 4.1 The Reform Announced in July 2005; 4.2 Market Response at the Early Stage; 4.3 Two Important Characteristics That Contribute to the Initial Success; 4.4 Proposed Measures to Deal With the Speculative Inflows; 4.4.1 Measures That Discourage Speculative Inflows. | |
| 505 | 8 | |a 4.4.2 Measures That Offset the Impacts of Speculative Inflows4.5 Further Discussions on the Offsetting Measures; 4.5.1 Importance of Maintaining Capital Control at That Time; 4.5.2 The Moderate Speculative Inflows Was Still within the Central Bank's Sterilization Capacity; 4.5.3 Two Other Important Sources of Inflows; 4.5.4 Some Basic Principles to Guide the Direction of the Offsetting Measures; 4.5.5 Ways to Build in More Controllability and Adjustability on Potential Outflows; 4.6 More Following-Up Comments on the Offsetting Measures. | |
| 505 | 8 | |a 4.6.1 Need to Scale Up the Offsetting Measures and Maintain a Trade Surplus4.6.2 An Accounting Hurdle on the Recommended Sterilization; 4.7 Actions Taken by the Chinese Government; 4.8 The Moderate Mistake Committed by China's Central Bank Between Mid-2006 and Early 2008; Chapter 5 Further Proposals on Supplementary Measures After the Transitional Reform; 5.1 The Potential Disaster of Developing the Renminbi Forward or Futures Market at That Time; 5.1.1 The Chinese Central Bank's Initial Proposal to Develop the Renminbi Forward Market; 5.1.2 The Potential Damage. | |
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| contents | About the Author; Preface; Brief Contents; Contents; Acknowledgements; Part I: China's Exchange Rate System Reform; Chapter 1 Macroeconomic Conditions and Debates Before the Reform; 1.1 Macroeconomic Conditions Before the Reform; 1.1.1 The Beginning of China's Persistent Trade Surplus; 1.1.2 The Asian Financial Crisis: The Beginning of the Peg to US Dollar; 1.1.3 The Weakening US Dollar Since Early 2002: Reasons and Impact; 1.1.4 Other Macroeconomic Performance Before the Reform; 1.2 Debate Before the Reform: Risk of Various Proposals. Chapter 2 Transitional and Medium-Term Designs of the Reform2.1 The Proposed Transitional Reform; 2.1.1 Gradual Appreciation, No Major or Medium Jump in Exchange Rate and No Widening of Band; 2.1.2 A Basket of Currencies with Special Care to the Exchange Rate Against the US Dollar at the Early Stage; 2.1.3 A Narrow Exchange Rate Band at the Early Stage; 2.2 The Proposed Medium-Term Arrangements; 2.2.1 The Debating Process Before the Medium-Term Recommendation; 2.2.2 The Medium-Term Recommendation; Chapter 3 Supplementary Measures. 3.1 Prolonged Asset Inflation and Then Economic Crisis: A Major Potential Threat to China's Economic Development3.2 Supplementary Measures; 3.2.1 Banking Reform; 3.2.2 Control of Asset Inflation; 3.2.3 Variable Wage Component; 3.2.4 Capital Control; Chapter 4 The Transitional Reform in 2005; 4.1 The Reform Announced in July 2005; 4.2 Market Response at the Early Stage; 4.3 Two Important Characteristics That Contribute to the Initial Success; 4.4 Proposed Measures to Deal With the Speculative Inflows; 4.4.1 Measures That Discourage Speculative Inflows. 4.4.2 Measures That Offset the Impacts of Speculative Inflows4.5 Further Discussions on the Offsetting Measures; 4.5.1 Importance of Maintaining Capital Control at That Time; 4.5.2 The Moderate Speculative Inflows Was Still within the Central Bank's Sterilization Capacity; 4.5.3 Two Other Important Sources of Inflows; 4.5.4 Some Basic Principles to Guide the Direction of the Offsetting Measures; 4.5.5 Ways to Build in More Controllability and Adjustability on Potential Outflows; 4.6 More Following-Up Comments on the Offsetting Measures. 4.6.1 Need to Scale Up the Offsetting Measures and Maintain a Trade Surplus4.6.2 An Accounting Hurdle on the Recommended Sterilization; 4.7 Actions Taken by the Chinese Government; 4.8 The Moderate Mistake Committed by China's Central Bank Between Mid-2006 and Early 2008; Chapter 5 Further Proposals on Supplementary Measures After the Transitional Reform; 5.1 The Potential Disaster of Developing the Renminbi Forward or Futures Market at That Time; 5.1.1 The Chinese Central Bank's Initial Proposal to Develop the Renminbi Forward Market; 5.1.2 The Potential Damage. |
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:</subfield><subfield code="b">World Scientific,</subfield><subfield code="c">©2011.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (xxxv, 402 pages) :</subfield><subfield code="b">illustrations</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="340" ind1=" " ind2=" "><subfield code="g">polychrome.</subfield><subfield code="2">rdacc</subfield><subfield code="0">http://rdaregistry.info/termList/RDAColourContent/1003</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">text file</subfield><subfield code="2">rdaft</subfield><subfield code="0">http://rdaregistry.info/termList/fileType/1002</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (pages 391-393) and index.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses : The transitional, medium-term and long-term designs of the reform; China's achievements and mistakes on the reform; China's banking reform and its lessons to other emerging economies; Maintaining a certain trade surplus as a dynamically optimal choice for China; China's stock market bubble and the gradual bubble squeezing strategy; China's property inflation and its solution; China's fiscal and monetary policies during and after the global financial tsunami; Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami; Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery. Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of "macroeconomic policy management" as a new and important discipline in economics. While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">About the Author; Preface; Brief Contents; Contents; Acknowledgements; Part I: China's Exchange Rate System Reform; Chapter 1 Macroeconomic Conditions and Debates Before the Reform; 1.1 Macroeconomic Conditions Before the Reform; 1.1.1 The Beginning of China's Persistent Trade Surplus; 1.1.2 The Asian Financial Crisis: The Beginning of the Peg to US Dollar; 1.1.3 The Weakening US Dollar Since Early 2002: Reasons and Impact; 1.1.4 Other Macroeconomic Performance Before the Reform; 1.2 Debate Before the Reform: Risk of Various Proposals.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Chapter 2 Transitional and Medium-Term Designs of the Reform2.1 The Proposed Transitional Reform; 2.1.1 Gradual Appreciation, No Major or Medium Jump in Exchange Rate and No Widening of Band; 2.1.2 A Basket of Currencies with Special Care to the Exchange Rate Against the US Dollar at the Early Stage; 2.1.3 A Narrow Exchange Rate Band at the Early Stage; 2.2 The Proposed Medium-Term Arrangements; 2.2.1 The Debating Process Before the Medium-Term Recommendation; 2.2.2 The Medium-Term Recommendation; Chapter 3 Supplementary Measures.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">3.1 Prolonged Asset Inflation and Then Economic Crisis: A Major Potential Threat to China's Economic Development3.2 Supplementary Measures; 3.2.1 Banking Reform; 3.2.2 Control of Asset Inflation; 3.2.3 Variable Wage Component; 3.2.4 Capital Control; Chapter 4 The Transitional Reform in 2005; 4.1 The Reform Announced in July 2005; 4.2 Market Response at the Early Stage; 4.3 Two Important Characteristics That Contribute to the Initial Success; 4.4 Proposed Measures to Deal With the Speculative Inflows; 4.4.1 Measures That Discourage Speculative Inflows.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4.4.2 Measures That Offset the Impacts of Speculative Inflows4.5 Further Discussions on the Offsetting Measures; 4.5.1 Importance of Maintaining Capital Control at That Time; 4.5.2 The Moderate Speculative Inflows Was Still within the Central Bank's Sterilization Capacity; 4.5.3 Two Other Important Sources of Inflows; 4.5.4 Some Basic Principles to Guide the Direction of the Offsetting Measures; 4.5.5 Ways to Build in More Controllability and Adjustability on Potential Outflows; 4.6 More Following-Up Comments on the Offsetting Measures.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4.6.1 Need to Scale Up the Offsetting Measures and Maintain a Trade Surplus4.6.2 An Accounting Hurdle on the Recommended Sterilization; 4.7 Actions Taken by the Chinese Government; 4.8 The Moderate Mistake Committed by China's Central Bank Between Mid-2006 and Early 2008; Chapter 5 Further Proposals on Supplementary Measures After the Transitional Reform; 5.1 The Potential Disaster of Developing the Renminbi Forward or Futures Market at That Time; 5.1.1 The Chinese Central Bank's Initial Proposal to Develop the Renminbi Forward Market; 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| genre | History fast |
| genre_facet | History |
| geographic | China Economic conditions 2000- http://id.loc.gov/authorities/subjects/sh99010023 China Economic policy. http://id.loc.gov/authorities/subjects/sh85024018 Chine Conditions économiques 2000- Chine Politique économique. China fast https://id.oclc.org/worldcat/entity/E39PBJcrd4RjtCBk4wfMhTwwG3 |
| geographic_facet | China Economic conditions 2000- China Economic policy. Chine Conditions économiques 2000- Chine Politique économique. China |
| id | ZDB-4-EBA-ocn775592663 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:18:14Z |
| institution | BVB |
| isbn | 9789814289115 9814289116 128343332X 9781283433327 |
| language | English |
| oclc_num | 775592663 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xxxv, 402 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | World Scientific, |
| record_format | marc |
| spelling | Yip, Paul Sau-Leung. http://id.loc.gov/authorities/names/n2005208820 China's exchange rate system reform : lessons for macroeconomic policy management / Paul Yip Sau Leung. Singapore ; Hackensack, N.J. : World Scientific, ©2011. 1 online resource (xxxv, 402 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 Includes bibliographical references (pages 391-393) and index. Print version record. The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses : The transitional, medium-term and long-term designs of the reform; China's achievements and mistakes on the reform; China's banking reform and its lessons to other emerging economies; Maintaining a certain trade surplus as a dynamically optimal choice for China; China's stock market bubble and the gradual bubble squeezing strategy; China's property inflation and its solution; China's fiscal and monetary policies during and after the global financial tsunami; Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami; Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery. Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of "macroeconomic policy management" as a new and important discipline in economics. While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful. About the Author; Preface; Brief Contents; Contents; Acknowledgements; Part I: China's Exchange Rate System Reform; Chapter 1 Macroeconomic Conditions and Debates Before the Reform; 1.1 Macroeconomic Conditions Before the Reform; 1.1.1 The Beginning of China's Persistent Trade Surplus; 1.1.2 The Asian Financial Crisis: The Beginning of the Peg to US Dollar; 1.1.3 The Weakening US Dollar Since Early 2002: Reasons and Impact; 1.1.4 Other Macroeconomic Performance Before the Reform; 1.2 Debate Before the Reform: Risk of Various Proposals. Chapter 2 Transitional and Medium-Term Designs of the Reform2.1 The Proposed Transitional Reform; 2.1.1 Gradual Appreciation, No Major or Medium Jump in Exchange Rate and No Widening of Band; 2.1.2 A Basket of Currencies with Special Care to the Exchange Rate Against the US Dollar at the Early Stage; 2.1.3 A Narrow Exchange Rate Band at the Early Stage; 2.2 The Proposed Medium-Term Arrangements; 2.2.1 The Debating Process Before the Medium-Term Recommendation; 2.2.2 The Medium-Term Recommendation; Chapter 3 Supplementary Measures. 3.1 Prolonged Asset Inflation and Then Economic Crisis: A Major Potential Threat to China's Economic Development3.2 Supplementary Measures; 3.2.1 Banking Reform; 3.2.2 Control of Asset Inflation; 3.2.3 Variable Wage Component; 3.2.4 Capital Control; Chapter 4 The Transitional Reform in 2005; 4.1 The Reform Announced in July 2005; 4.2 Market Response at the Early Stage; 4.3 Two Important Characteristics That Contribute to the Initial Success; 4.4 Proposed Measures to Deal With the Speculative Inflows; 4.4.1 Measures That Discourage Speculative Inflows. 4.4.2 Measures That Offset the Impacts of Speculative Inflows4.5 Further Discussions on the Offsetting Measures; 4.5.1 Importance of Maintaining Capital Control at That Time; 4.5.2 The Moderate Speculative Inflows Was Still within the Central Bank's Sterilization Capacity; 4.5.3 Two Other Important Sources of Inflows; 4.5.4 Some Basic Principles to Guide the Direction of the Offsetting Measures; 4.5.5 Ways to Build in More Controllability and Adjustability on Potential Outflows; 4.6 More Following-Up Comments on the Offsetting Measures. 4.6.1 Need to Scale Up the Offsetting Measures and Maintain a Trade Surplus4.6.2 An Accounting Hurdle on the Recommended Sterilization; 4.7 Actions Taken by the Chinese Government; 4.8 The Moderate Mistake Committed by China's Central Bank Between Mid-2006 and Early 2008; Chapter 5 Further Proposals on Supplementary Measures After the Transitional Reform; 5.1 The Potential Disaster of Developing the Renminbi Forward or Futures Market at That Time; 5.1.1 The Chinese Central Bank's Initial Proposal to Develop the Renminbi Forward Market; 5.1.2 The Potential Damage. China Economic conditions 2000- http://id.loc.gov/authorities/subjects/sh99010023 China Economic policy. http://id.loc.gov/authorities/subjects/sh85024018 Foreign exchange rates China. Chine Conditions économiques 2000- Chine Politique économique. Taux de change Chine. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Economic history fast Economic policy fast Foreign exchange rates fast China fast https://id.oclc.org/worldcat/entity/E39PBJcrd4RjtCBk4wfMhTwwG3 Since 2000 fast History fast has work: China's exchange rate system reform (Text) https://id.oclc.org/worldcat/entity/E39PCGJmpRhDQP9bkcDPKhyjYd https://id.oclc.org/worldcat/ontology/hasWork Print version: Yip, Paul Sau-Leung. China's exchange rate system reform. Singapore ; Hackensack, N.J. : World Scientific, ©2011 9789814289108 (DLC) 2011315373 (OCoLC)496959866 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=426347 Volltext |
| spellingShingle | Yip, Paul Sau-Leung China's exchange rate system reform : lessons for macroeconomic policy management / About the Author; Preface; Brief Contents; Contents; Acknowledgements; Part I: China's Exchange Rate System Reform; Chapter 1 Macroeconomic Conditions and Debates Before the Reform; 1.1 Macroeconomic Conditions Before the Reform; 1.1.1 The Beginning of China's Persistent Trade Surplus; 1.1.2 The Asian Financial Crisis: The Beginning of the Peg to US Dollar; 1.1.3 The Weakening US Dollar Since Early 2002: Reasons and Impact; 1.1.4 Other Macroeconomic Performance Before the Reform; 1.2 Debate Before the Reform: Risk of Various Proposals. Chapter 2 Transitional and Medium-Term Designs of the Reform2.1 The Proposed Transitional Reform; 2.1.1 Gradual Appreciation, No Major or Medium Jump in Exchange Rate and No Widening of Band; 2.1.2 A Basket of Currencies with Special Care to the Exchange Rate Against the US Dollar at the Early Stage; 2.1.3 A Narrow Exchange Rate Band at the Early Stage; 2.2 The Proposed Medium-Term Arrangements; 2.2.1 The Debating Process Before the Medium-Term Recommendation; 2.2.2 The Medium-Term Recommendation; Chapter 3 Supplementary Measures. 3.1 Prolonged Asset Inflation and Then Economic Crisis: A Major Potential Threat to China's Economic Development3.2 Supplementary Measures; 3.2.1 Banking Reform; 3.2.2 Control of Asset Inflation; 3.2.3 Variable Wage Component; 3.2.4 Capital Control; Chapter 4 The Transitional Reform in 2005; 4.1 The Reform Announced in July 2005; 4.2 Market Response at the Early Stage; 4.3 Two Important Characteristics That Contribute to the Initial Success; 4.4 Proposed Measures to Deal With the Speculative Inflows; 4.4.1 Measures That Discourage Speculative Inflows. 4.4.2 Measures That Offset the Impacts of Speculative Inflows4.5 Further Discussions on the Offsetting Measures; 4.5.1 Importance of Maintaining Capital Control at That Time; 4.5.2 The Moderate Speculative Inflows Was Still within the Central Bank's Sterilization Capacity; 4.5.3 Two Other Important Sources of Inflows; 4.5.4 Some Basic Principles to Guide the Direction of the Offsetting Measures; 4.5.5 Ways to Build in More Controllability and Adjustability on Potential Outflows; 4.6 More Following-Up Comments on the Offsetting Measures. 4.6.1 Need to Scale Up the Offsetting Measures and Maintain a Trade Surplus4.6.2 An Accounting Hurdle on the Recommended Sterilization; 4.7 Actions Taken by the Chinese Government; 4.8 The Moderate Mistake Committed by China's Central Bank Between Mid-2006 and Early 2008; Chapter 5 Further Proposals on Supplementary Measures After the Transitional Reform; 5.1 The Potential Disaster of Developing the Renminbi Forward or Futures Market at That Time; 5.1.1 The Chinese Central Bank's Initial Proposal to Develop the Renminbi Forward Market; 5.1.2 The Potential Damage. Foreign exchange rates China. Taux de change Chine. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Economic history fast Economic policy fast Foreign exchange rates fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh99010023 http://id.loc.gov/authorities/subjects/sh85024018 |
| title | China's exchange rate system reform : lessons for macroeconomic policy management / |
| title_auth | China's exchange rate system reform : lessons for macroeconomic policy management / |
| title_exact_search | China's exchange rate system reform : lessons for macroeconomic policy management / |
| title_full | China's exchange rate system reform : lessons for macroeconomic policy management / Paul Yip Sau Leung. |
| title_fullStr | China's exchange rate system reform : lessons for macroeconomic policy management / Paul Yip Sau Leung. |
| title_full_unstemmed | China's exchange rate system reform : lessons for macroeconomic policy management / Paul Yip Sau Leung. |
| title_short | China's exchange rate system reform : |
| title_sort | china s exchange rate system reform lessons for macroeconomic policy management |
| title_sub | lessons for macroeconomic policy management / |
| topic | Foreign exchange rates China. Taux de change Chine. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Economic history fast Economic policy fast Foreign exchange rates fast |
| topic_facet | China Economic conditions 2000- China Economic policy. Foreign exchange rates China. Chine Conditions économiques 2000- Chine Politique économique. Taux de change Chine. BUSINESS & ECONOMICS Foreign Exchange. Economic history Economic policy Foreign exchange rates China History |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=426347 |
| work_keys_str_mv | AT yippaulsauleung chinasexchangeratesystemreformlessonsformacroeconomicpolicymanagement |