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Article: Unification of China's foreign exchange rates

TitleUnification of China's foreign exchange rates
Authors
Issue Date1996
Citation
Contemporary Economic Policy, 1996, v. 14 n. 4, p. 42-57 How to Cite?
AbstractThis 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 Identifierhttp://hdl.handle.net/10722/177726
ISSN
2015 Impact Factor: 0.602
2015 SCImago Journal Rankings: 0.424
References

 

DC FieldValueLanguage
dc.contributor.authorHuang, Gen_US
dc.contributor.authorWong, CYPen_US
dc.date.accessioned2012-12-19T09:39:43Z-
dc.date.available2012-12-19T09:39:43Z-
dc.date.issued1996en_US
dc.identifier.citationContemporary Economic Policy, 1996, v. 14 n. 4, p. 42-57en_US
dc.identifier.issn1074-3529en_US
dc.identifier.urihttp://hdl.handle.net/10722/177726-
dc.description.abstractThis 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.languageengen_US
dc.relation.ispartofContemporary Economic Policyen_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleUnification of China's foreign exchange ratesen_US
dc.typeArticleen_US
dc.identifier.emailWong, CYP: ypclemw@hku.hken_US
dc.identifier.authorityWong, CYP=rp01109en_US
dc.description.naturepreprinten_US
dc.identifier.doi10.1111/j.1465-7287.1996.tb00632.x-
dc.identifier.scopuseid_2-s2.0-21444448681en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-21444448681&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume14en_US
dc.identifier.issue4en_US
dc.identifier.spage42en_US
dc.identifier.epage57en_US
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridHuang, G=24780393400en_US
dc.identifier.scopusauthoridWong, CYP=8902584200en_US

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