Abstract: Financial globalization has spread worldwide at an unprecedented speed with unparalleled scale. As a result, most countries suffering from negative monetary influence have to give up the exchange rate system of intermediate exchange rate regime.In such situation,The hypothesis of vanishing intermediate exchange rate has occurred and come to draw theoretical attention.Consequently,corner exchange rate system rather than intermediate exchange rate regime will be the government’s optimal choice. Meanwhile, suggestions in terms of policy have been put forward concerning the choice of exchange rate system of Renminbi in the sense of short term, middle term and long term respectively.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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