2005•The International Trade JournalRequires access
The Exchange Model of International Currency and the Structure of the Foreign Reserve in China
Zou Quan-shen
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Abstract
The structure of foreign exchange reserve for one country not only depends on the return and risk of the reserve currency, but also the marketability and the transaction cost of the currency in the international market. By the positive analysis of China, European and American, this paper puts forward different opinions for the change of the foreign reserve structure in China, based on the model of international currency exchange structure.