China s Exchange Rate System Reform

2011

This book is divided into two parts. The first part documents the rationales and considerations behind China's exchange rate system reform announced on 21 July 2005.

Author: Paul Sau-Leung Yip

Publisher: World Scientific

ISBN: 9789814289108

Category: Business & Economics

Page: 439

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This book is divided into two parts. The first part documents the rationales and considerations behind China's exchange rate system reform announced on 21 July 2005. It also discusses the actual implementation and achievements of the transitional reform as well as some subsequent mistakes committed by China's central bank. It also presents the author's proposed supplementary measures that could help the exchange rate system reform, and at the same time increase China's immunity and resilience against economic crises in future. The second part provides an updated discussion on China's economic performance and macroeconomic risk since the transitional reform was announced. With updated, insightful and thorough discussions, this book equips readers with a very good understanding of China's macroeconomic state and challenges.
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China s Macroeconomic Outlook

2020-10-30

This report is a partial result of the China’s Quarterly Macroeconometric Model (CQMM), a project developed and maintained by the Center for Macroeconomic Research (CMR) at Xiamen University.

Author: Xiamen University

Publisher: Springer Nature

ISBN: 9789811592799

Category: Business & Economics

Page: 71

View: 268

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This report is a partial result of the China’s Quarterly Macroeconometric Model (CQMM), a project developed and maintained by the Center for Macroeconomic Research (CMR) at Xiamen University. The CMR is one of the Key Research Institutes of Humanities and Social Sciences sponsored by the Ministry of Education of China, focusing on Chinese economic growth and macroeconomic policies. The CMR started to develop the CQMM for purpose of short-term forecast, policy analysis, and simulation in 2005.Based on the CQMM, the CMR with its partners hold press conferences to release forecasts for China’ major macroeconomic variables. Since July 2006, twenty-seven quarterly reports titled Chinese Macroeconomic Outlook have been presented and thirteen annual reports have been published.
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A Comprehensive Package of Macroeconomic Policy Measures for Implementing China s Climate Mitigation Strategy

2022-07-15

A global dynamic computable general equilibrium (CGE) model—the IMF-ENV model7—calibrated to China's economic parameters provides a particularly well-suited framework to analyze the macroeconomic impacts of climate policies.

Author: Jean Chateau

Publisher: International Monetary Fund

ISBN: 9798400215711

Category: Business & Economics

Page: 44

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This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households.
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China s Exchange Rate System Reform

Ghilă's EMChange Haig SWSiem RefDrill Lessons for Macroeconomic Policy Management The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses: • The transitional, ...

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ISBN: 9789814466523

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Macroeconomic Policy and Steady Growth in China

2021-09-20

Household wealth, financial regulation, and trade frictions: A midterm report of China's macro economy in 2018. ... Financial deleveraging, competitive neutrality and policy transformation: China's macroeconomic outlook in 2019.

Author: Zhang Xiaojing

Publisher: Routledge

ISBN: 9781000406535

Category: Business & Economics

Page: 318

View: 751

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Since the appearance of macroeconomics in the 1940s, economists have created many theoretical frameworks to explain the origin and mechanism of economic fluctuations. However, few of these have managed to gain explanatory power over reality; nor can they solve real-life problems. This book proposes a new macroeconomic paradigm that makes breakthroughs in these areas. Based on a balance sheet approach and macro-financial linkage analysis, this book carries out a comprehensive analysis of the trends within China’s macroeconomy in 2020. The author argues that the COVID-19 pandemic created a great degree of uncertainty—therefore, supply-side structural reform and improved total factor productivity have been promoted to ensure a policy of steady growth. Given the declining economic growth rate in percentage terms, China has needed to adapt to a moderate increase in the leverage ratio while applying more effective fiscal policies to achieve a dynamic balance between stable growth and risk prevention. Scholars and students of economics and finance, especially Chinese economics, will find this book a useful reference.
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China

1991-03-15

China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency.

Author: Mr.Mario I. Bléjer

Publisher: International Monetary Fund

ISBN: 1557752028

Category: Business & Economics

Page: 48

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China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for other centrally planned economies in the midst of transition to free markets.
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China Into the Future

2008

China has become one of the most important forces in the world today, and this book combines views of her internal and external political relations, of the fundamentals of her economic development, and of the political, social and economic ...

Author: W. John Hoffmann

Publisher: John Wiley & Sons

ISBN: 9780470822449

Category: Business & Economics

Page: 339

View: 349

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China has become one of the most important forces in the world today, and this book combines views of her internal and external political relations, of the fundamentals of her economic development, and of the political, social and economic pressures that will influence her future.
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China s Exchange Rate Regime

2015

This book reports on a major research project undertaken following the 2005 reform to assess the impact on China's economy.

Author: China Development Research Foundation

Publisher: Routledge

ISBN: 1138819387

Category: China

Page: 262

View: 144

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The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China's exchange rate mechanism in 2005, following which the RMB appreciated 17% against the US dollar, but many people argue that further reform is still needed. This book reports on a major research project undertaken following the 2005 reform to assess the impact on China's economy. It considers the impact in a number of areas of the economy, including export-oriented companies, the banking industry, international trade, international capital flows, and China's macroeconomic policy. It concludes that the policies pursued so far have been correct, and that further reform, both to the exchange rate, and to the system overall, would be desirable, but that any reform should be gradual and incremental, preserving economic stability, and integrating changes with reform in other parts of the economy.
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China s Banking and Financial Markets

2007-04-13

"This is a very timely book.

Author: Li Yang

Publisher: John Wiley & Sons

ISBN: 9780470822197

Category: Business & Economics

Page: 401

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"This is a very timely book. With the recapitalization and reform of China's banking sector now well under way, the banks are on the brink of a new era of growth and expansion. This work is the definitive reference on the banking sector in China, and is an essential tool for anyone seeking to understand the dynamics of financial intermediation on the Mainland. It sets out the facts, free of the judgment calls that so often cloud the true picture of the health of China's banking system." --Dr. David K.P. Li, Chairman and Chief Executive, The Bank of East Asia, Limited "As China continues its impressive pace of economic growth, the rest of the world is constantly reassessing the opportunities and challenges it presents. This book is the first official report on the status of China's financial services industry and financial markets. For the first time, the international community gets access to the same information that the Chinese government uses in making key policies. Such unique insights make this book an essential read for business leaders, investors, policy makers, scholars, and anyone who is interested in understanding China's profound impact on businesses and consumers globally." --Maurice R. Greenberg, Chairman & CEO, C.V. Starr & Co. "This is the first book that introduces all aspects of the Chinese banking and financial markets to international audiences. From its developmental history to its contemporary challenges, China's banking and finance markets are presented, explored and analyzed with great detail and in great depth. Both the richness of the data and the scholarly strength of the methodology are a milestone. China's increasing participation in global financial markets makes this book a must read for all financial professionals worldwide." --Lefei Liu, Chief Investment Officer, ChinaLife Insurance
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China in the World Economy

2002

China in the World Economy analyzes the domestic policy challenges facing China in the context of trade and investment liberalization.

Author: Charles A. Pigott

Publisher: Emerging Economies Transition

ISBN: STANFORD:36105025795944

Category: Business & Economics

Page: 824

View: 937

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China in the World Economy analyzes the domestic policy challenges facing China in the context of trade and investment liberalization. After more than two decades of progress in market reforms and trade and investment liberalization, the entry of China into the World Trade Organization marks a new era for its integration into the world economy. Drawing on the experiences of OECD members over the past 50 years, and the WTO's extensive work with non-member economies around the world, this landmark study provides readers with a comprehensive view of the interrelated domestic policy issues at stake and with specific recommendations as to actions to be taken. Topics include:Agricultural prospects and policies Rural industries Implications for the rural economy Overview of industry prospects Priorities for industry reorganization and restructuring Technology challenges for China's industries Challenges to the banking industry The development of the insurance industry Prospects for the distribution sector Foreign direct investment: prospects and policies An OECD perspective on regulatory reform in China The role of competition law and policy Establishing effective governance for China's enterprises Developing the financial system and financial regulatory policies Priorities for development of China's capital markets Labor market and social benefit policies Environmental priorities for China's sustainable development The current tax system and priorities for reform Public sector budget management issues Issues concerning central-local government fiscal relations China's regional development: prospects and policies Macroeconomic policy priorities Summary of China's commitments under WTO Summary of studies of the impact of WTO on China This publication is part of the OECD's ongoing cooperation with non-member economies around the world.
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