– The introduction of the renminbi to the People’sRepublic of China in 1949 led to much domestic marketdistortion. It was only in the beginnings of the1980s when finally the economy witnessed aspectacular progress. This advancement introduced theever-growing presence of China’s products to theinternational marketplace and the development of theChinese domestic market. Since these first steps tothe international scene criticism has not been keptshort on its monetary policy. The common argumentwas, and still is, that by keeping the renminbiundervalued and ensuring the competitiveness ofChinese exports, the main trading partners sufferfrom negative implications on their Balance ofPayments. By July 2005, the Chinese authorities madethe first significant move towards a more flexibleexchange rate regime with the introduction of abasket peg. Nevertheless, this move has notsubstantially changed the public opinion. Taking theChinese domestic market and its internationalimportance into account, the author evaluates the farreaching influences of a potential change in theChinese exchange rate regime. Englisch
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China’s Challenge on the Yuan kaufen bei AbeBooks.de
EAN: 9783639111859
Tags: Challenge, China's, Yuan
