2004•Unpublished venueRequires access
Considerations about RMB Exchange Rate Arrangement
Yang Wen-chao
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Abstract
The paper starts with analyzing the cause of RMB revaluation pressure, and factors that make RMB exchange rate fluctuating, then obtains a result that RMB exchange rate must be kept stable. The paper puts forward further proposals that Chinese government should adjust policies relating to these affairs timely, so as to reduce pressure of RMB revaluation and improve the function of exchange rate policy.