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Article: Unification of China's foreign exchange rates
Title | Unification of China's foreign exchange rates |
---|---|
Authors | |
Issue Date | 1996 |
Citation | Contemporary Economic Policy, 1996, v. 14 n. 4, p. 42-57 How to Cite? |
Abstract | This paper studies China's foreign exchange market before and after the 1994 unification of the official and swap exchange rates. Examining segmentation as well as linkages among the foreign exchange adjustment centers (FEACs) reveals that the linkages were not strong enough to eliminate or narrow price differentials among FEACs. Hence, improving the foreign exchange market's efficiency requires a reform to unify the swap rates. This paper discusses the unification's implications for inflation, monetary policy, and current account convertibility. |
Persistent Identifier | http://hdl.handle.net/10722/177726 |
ISSN | 2021 Impact Factor: 1.212 2020 SCImago Journal Rankings: 0.454 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Huang, G | en_US |
dc.contributor.author | Wong, CYP | en_US |
dc.date.accessioned | 2012-12-19T09:39:43Z | - |
dc.date.available | 2012-12-19T09:39:43Z | - |
dc.date.issued | 1996 | en_US |
dc.identifier.citation | Contemporary Economic Policy, 1996, v. 14 n. 4, p. 42-57 | en_US |
dc.identifier.issn | 1074-3529 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177726 | - |
dc.description.abstract | This paper studies China's foreign exchange market before and after the 1994 unification of the official and swap exchange rates. Examining segmentation as well as linkages among the foreign exchange adjustment centers (FEACs) reveals that the linkages were not strong enough to eliminate or narrow price differentials among FEACs. Hence, improving the foreign exchange market's efficiency requires a reform to unify the swap rates. This paper discusses the unification's implications for inflation, monetary policy, and current account convertibility. | en_US |
dc.language | eng | en_US |
dc.relation.ispartof | Contemporary Economic Policy | en_US |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.title | Unification of China's foreign exchange rates | en_US |
dc.type | Article | en_US |
dc.identifier.email | Wong, CYP: ypclemw@hku.hk | en_US |
dc.identifier.authority | Wong, CYP=rp01109 | en_US |
dc.description.nature | preprint | en_US |
dc.identifier.doi | 10.1111/j.1465-7287.1996.tb00632.x | - |
dc.identifier.scopus | eid_2-s2.0-21444448681 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-21444448681&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 14 | en_US |
dc.identifier.issue | 4 | en_US |
dc.identifier.spage | 42 | en_US |
dc.identifier.epage | 57 | en_US |
dc.identifier.isi | WOS:A1996VP78500004 | - |
dc.publisher.place | United States | en_US |
dc.identifier.scopusauthorid | Huang, G=24780393400 | en_US |
dc.identifier.scopusauthorid | Wong, CYP=8902584200 | en_US |
dc.identifier.issnl | 1074-3529 | - |