ON THE FREE CONVERTIBILITY OF RENMINBI CAPITAL INTO FINANCIAL ACCOUNT
Jin Zhuang
Abstract
Jin Zhuang
Abstract
Capital convertibility of Renminbi is the ultimate goal of the reform in China' foreign exchange system, which is a tremendous and difficult systems engineering. Free exchange of Renminbi will bring to the Chinese unprecedented benefit as well as challenge. Based on a survey of the current literature on the free exchange of Renminbi, I first explore the significance of Renminbi convertibility in the aspect of theory, substantial evidence and practical impact. And then I make a careful analysis and study of the conditions and order of the convertibility of Renminbi
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
Capital convertibility of Renminbi is the ultimate goal of the reform in China' foreign exchange system, which is a tremendous and difficult systems engineering. Free exchange of Renminbi will bring to the Chinese unprecedented benefit as well as challenge. Based on a survey of the current literature on the free exchange of Renminbi, I first explore the significance of Renminbi convertibility in the aspect of theory, substantial evidence and practical impact. And then I make a careful analysis and study of the conditions and order of the convertibility of Renminbi
Key concepts: Convertibility, Renminbi, Capital account, Economics, China, Capital (architecture), International economics, Order (exchange)