2004•Journal of Shanxi Finance and Economics UniversityRequires access

Central Bank Intervention in RMB Exchange Rate Formation and Asymmetry

MA De-gong

Abstract

The basic conditions of China's economy require stability of RMB value, for great discrepancy between demand and supply justifies the effective use of central bank intervention in foreign exchange market to realize its exchange rate target. The pressure for RMB's appreciation does not inherently come from non-economic factors, but from the asymmetry of the demand-supply mechanism.

About this research paper

What this paper is about

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Renminbi, Exchange rate, Central bank, Economics, Monetary economics, China, Intervention (counseling), Supply and demand