English, Article edition: Speculating on the Yuan Bronka Rzepkowski

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/160000
Physical Description
  • article
Language
  • English

Edition details

Title
  • Speculating on the Yuan
Author
  • Bronka Rzepkowski
Physical Description
  • article
Notes
  • Real and financial imbalances are currently building up in China. They are linked to major capital inflows that have only been partly sterilised by the central bank. Contrary to conventional wisdom, these inflows stem not just from current account operations or FDI. Apart from illegal foreign currency inflows, there is another channel which makes the financial account more permeable to capital inflows than is usually thought. Under these circumstances, a rise in Chinese interest rates aimed at reducing credit growth risks fuelling forex inflows. Higher interest rates would therefore not seem to be compatible with maintaining a fixed exchange rate. In the wake of the expected rise of US rates in 2004, international financial conditions will provide a window of opportunity that could permit scrapping China's currency peg, with only limited risks of the forex markets over-reacting.
  • yuan; foreign exchange markets; interest rate; currency peg; exchange rate policy; capital movements
  • RePEc:cii:cepill:2004-234
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment