Research on Exchange Rate of RMB
Jiang Li
Abstract
Jiang Li
Abstract
The issue of the exchange rate of RMB has invited a lot of attention and the demand for the appreciation of RMB from the international community has been on the rise.The paper,based on the calculation of real effective exchange rate of RMB,analyzes its effects on the Chinese economy,especially the effects of the reform on the exchange rate system in 1994 and concludes through the empirical analysis that the direction for the reform on RMB exchange rate is equilibrium exchange rate.
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The issue of the exchange rate of RMB has invited a lot of attention and the demand for the appreciation of RMB from the international community has been on the rise.The paper,based on the calculation of real effective exchange rate of RMB,analyzes its effects on the Chinese economy,especially the effects of the reform on the exchange rate system in 1994 and concludes through the empirical analysis that the direction for the reform on RMB exchange rate is equilibrium exchange rate.
Key concepts: Renminbi, Exchange rate, Economics, International economics, Monetary economics