Abstract: In 1994, China decided to undertake fundamental reform in its foreign exchange management system to unify the dual exchange rates, adopt the managed floating exchange rate regime of RMB, implement the compulsory settlement system of foreign exchange, and establish an interbank foreign exchange market. At the same time, China's central bank started its foreign exchange open market operations and has achieved some initial success.KeywordsExchange RateCentral BankForeign ExchangeFederal ReserveCapital InflowThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 8
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